Lucid Energy Group Hires Chief Operating Officer
January 17, 2019
Lucid Energy Group Hires Industry Veteran Brian T. Raber as Chief Operating Officer
Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018
May 25, 2018
Strategic Oil & Gas Ltd. (ticker: SOG) is an oil and gas company based in Calgary, Canada. In the first quarter of 2018, Strategic drilled two horizontal Muskeg development wells at west Marlowe in northwestern Alberta. The wells commenced production in March, one month ahead of schedule. Production for the quarter was 2,183 BOEPD. According to the company’s April 2018
Cheniere’s LNG Express Moves Forward with FID for Train 3 at Corpus
May 23, 2018
Cheniere Energy, Inc. (ticker: LNG) made a positive final investment decision, clearing the way for its Train 3 project at Corpus Christi to reach the goal line. Cheniere said it plans to issue a full notice for Bechtel Oil, Gas and Chemicals, Inc. to continue construction. The construction began in late 2017 under limited notice to proceed, but with the
Add Salt Creek Midstream to the Delaware Basin
April 16, 2018
Ares Management, L.P. (ticker ARES) and ARM Energy Holdings, LLC have partnered up to develop Salt Creek Midstream, LLC in the Delaware Basin. The company is owned by funds managed by the Ares Private Equity Group and ARM Energy. ARM Midstream Management, LLC, a subsidiary of ARM Energy, will serve as operator of the project. 260 MMcf/d of expandable processing
Bellatrix Starts Phase 2 at Adler Flats
April 3, 2018
More than doubling throughput capacity, Bellatrix Exploration Ltd.’s (ticker: BXE) O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats can now process 230 MMcf/d. The Adler Flats Plant was fully commissioned in mid-March and began selling volumes on March 19, 2018. Bellatrix said that the plant was brought on-stream ahead of schedule and was delivered ~5% under budget. Previously, the plant
Encana, Keyera Deal Will Add 33,000 Barrels of Montney Condensate Processing Capacity at Pipestone
April 2, 2018
Deal struck between Encana and Keyera Partnership adds 33,000 barrels of raw condensate processing capacity and 170 MMcf/day of net inlet gas processing; Keyera will own the facilities at Pipestone Encana Corporation (ticker: ECA) and Keyera Partnership have reached an agreement where Keyera will acquire and fund the remaining development of Encana’s Pipestone liquids hub and Encana’s planned Pipestone processing
Alta Mesa Resources Expects $725-$800 Million 2018 CapEx
March 29, 2018
Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates. 2018 CapEx Alta Mesa’s total capital expenditures for 2018 are expected to range from $725 million to $800 million. Capital will be allocated primarily to Alta Mesa’s upstream STACK area, $550 million
EnerCom Dallas 2018 Presenter: Alta Mesa Resources, Inc.
January 31, 2018
Alta Mesa Resources, Inc. is a new company that was announced on August 16, 2017 that will combine Silver Run Acquisition Corporation II, Kingfisher Midstream, LLC and Alta Mesa Holdings, LP. The company has its asset base concentrated in the core of the STACK oil play. The transaction, which integrates existing upstream and midstream assets, is managed by an experienced
More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment
January 16, 2018
Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch. PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The newly formed company will acquire, develop and operate petrochemical manufacturing, processing and logistics assets in North America. Quantum, Stonecourt and
Enterprise Products Expanding Capacity in the Permian
January 3, 2018
Enterprise Products Partners L.P. (ticker: EPD) announced that the partnership plans to add 300 MMcf/d of incremental capacity to its cryogenic natural gas processing facility under construction near Orla, Texas in Reeves County. The addition of a third processing train at Orla would increase inlet volume capacity to 900 MMcf/d and allow Enterprise to expand its NGL extraction capabilities by
Inter Pipeline Building a $3.5 Billion Propane to Plastics Plant with Help From Canadian Govt.
December 19, 2017
Incentives to draw PetroChem developers was Alberta’s royalty credits Inter Pipeline Ltd. (ticker: IPL) is getting help from the Canadian Government to build a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant with a price tag of $3.5 billion. The facilities will be collectively referred to as the Heartland Petrochemical Complex, the $3.5 billion superstructure is designed to process
