EQT Midstream Partners to construct $250 million header pipeline for Range Resources

EQT Midstream Partners on Thursday said it’s signed an agreement with Range Resources–Appalachia to construct a $250 million natural gas header pipeline in southwest Pennsylvania to support Range’s dry Marcellus and Utica Shale development.The 32-mile pipeline’s projected capacity is in excess of 500 million cubic feet per day (MMcf/d), and is backed by a long-term firm capacity reservation commitment, according to EQT Midstream.The master limited partnership midstreamer plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016, and phase two online by mid-year 2017.The majority of capital investment is expected throughout 2016 and the first half of 2017.Note: Read all of the Kallanish Commodities Energy News which is published daily online, www.kallanish.com.  Kallanish also publishes a daily newsletter, and will be happy to add your name to the distribution list.  Simply email marketing@kallanish.com. The post EQT Mi
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Noble closes $3.9 billion deal for Rosetta Resources

Houston, Texas-based independent producer Noble Energy said this week its $3.9 billion acquisition of Rosetta Resources, effective July 20.Rosetta stockholders overwhelmingly approved the deal, according to Noble. Rosetta is now a wholly-owned subsidiary of Noble.Rosetta stockholders will receive 0.542 shares of Noble common stock for each of their shares and cash in lieu of fractional shares, and Noble will issue roughly 41 million shares of common stock in the transaction.Noble, which has focused its U.S. drilling in Colorado and the Marcellus Shale, gains access to Rosetta’s more-than 100,000 acres in Texas’ Permian Basin and Eagle Ford Shale play. The assets produced 66,000 barrels of oil equivalent per day (BOE/d) in the first quarter. The addition of Rosetta s Eagle Ford Shale and Permian positions expands our onshore business with high-quality acreage in two premier unconventional basins, increasing our development inventory and further diversifying our portfolio, said Dave
http://www.shaledirectories.com/blog/noble-closes-3-9-billion-deal-for-rosetta-resources/

Local Natural Gas to Local People: A Conversation about Leatherstocking Gas Company with Russ Miller

The following is a guest post by Russ Miller, Vice President of Gas Supply and Marketing and a Managing Board Member for Leatherstocking Gas Company (LGC). For those of you who don’t know LGC is the newest natural gas utility in Pennsylvanian in forty years. It received authorization to serve parts of Susquehanna and Bradford County in September 2012. The Company is Joint Venture between Corning Natural Gas Holding Corporation and Mirabito Holdings Inc.LCG started building its system a few years ago. How large is the LGC system in Susquehanna and Bradford Counties now?As of July, LGC has installed 16 miles of pipe in Susquehanna County. The system currently serves 135 residential, 33 commercial and 11 public authority customers in the Bridgewater/Montrose area. And 81 additional customers are scheduled for connection on this system by November 2015.Montrose System EnlargedIn Elk Lake we serve the Elk Lake School Complex, which includes K-12 facilities, the Susquehanna County Career
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Oklahoma broadens oil, gas drilling regulations to curtail earthquakes

An Oklahoma Corporation Commission just-released directive means oil and gas operators in the state will face additional restrictions on disposal wells linked to man-made earthquakes, the regulator said Friday.The updated directive from the commission expands the areas for additional scrutiny of disposal wells in so-called earthquake areas of interest. It also requires operators to reduce the depths of disposal wells injecting into the Arbuckle formation, a change from earlier when they could opt to just reduce volumes.In March, the commission issued a directive to operators of more than 300 disposal wells to prove they weren t injecting through the Arbuckle and into the crystalline base. If they were, operators were told to plug the wells or reduce volumes. Seismologists have warned of the potential risks of causing earthquakes from injecting into the rock below the Arkbuckle. Though it s too soon to know the results of the first directive, seismologists agree that injection into or
http://www.shaledirectories.com/blog/oklahoma-broadens-oil-gas-drilling-regulations-to-curtail-earthquakes/

Energy Transfer makes next move in bid to buy Williams

Energy Transfer Equity, which earlier this week said it continues to pursue if proposed acquisition of Williams, said Thursday it has entered into a confidentiality agreement with Williams to pursue the Oklahoma pipeline company’s strategic alternatives process.“ETE [Energy Transfer Equity] is looking forward to engaging with Williams and working toward a transaction that will deliver compelling value to both companies stakeholders,” said Energy Transfer spokeswoman Vicki Granado.Last month, Williams rejected Energy Transfer’s unsolicited bid worth roughly $53 billion, saying the offer “significantly undervalues” the midstreamer, which has 33,000 miles of pipeline from the Gulf of Mexico to Canada, Kallanish previously reported.In response to the bid, Williams said it was opening itself up to alternatives that could include a sale or merger. Another option would be for the Tulsa, Oklahoma-based energy company to move forward with its $13.8 billion plan to purchase the rema
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WPX Energy storms the Permian Basin with $2.75 billion deal for RKI Exploration

U.S. independent producer WPX Energy on Tuesday announced its acquiring privately-held RKI Exploration & Production for $2.75 billion including the assumption of $400 million of debt.The majority of RKI’s leasehold is located in the Permian Basin, the Delaware Basin located Loving County, Texas, and Eddy County, New Mexico, where the company has four rigs deployed.RKI’s liquids-rich assets include roughly 22,000 barrels of oil-equivalent per day (BOE/d) of existing production, more than half of which is oil; approximately 92,000 acres in the core of the Delaware – with roughly 98% held by production; more than 3,600 drilling locations across stacked pay intervals; and more than 375 miles of scalable gas gathering and water infrastructureThe acquisition metrics include roughly $1.1 billion for the existing production at $50,000 per flowing barrel, approximately $500 million for the established midstream infrastructure, which equates to an average of $12,500 per acre – or $1.15
http://www.shaledirectories.com/blog/wpx-energy-storms-the-permian-basin-with-2-75-billion-deal-for-rki-exploration/

A Case Study for Agile Networks and M3 Midstream LLC

Agile Networks’ Last-Mile Agility Streamlines Rural Connectivity in Multi-Local Oil and Gas Project.
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