2015 January-February 

Hess Plans Offshore Development of Stampede

Hess Corp., together with its project co-owners, plans to proceed with the development of Stampede, an oil and gas project in the deepwater U.S. Gulf of Mexico. Discovered in 2005, the Stampede Field is located approximately 115 miles south of Fourchon, La., in the Gulf of Mexico (Green Canyon Blocks 468, 511 and 512). The field is located in approximately… Read More
2015 January-February 

Chevron Makes Offshore Oil Discovery in Wilcox Sands

Chevron has made a new oil discovery at its Guadalupe prospect in the deepwater U.S. Gulf of Mexico. “Chevron subsidiaries are among the top producers and leaseholders in the Gulf of Mexico, averaging net daily production of 143,000 barrels of crude oil, 347 million cubic feet of natural gas, and 15,000 barrels of natural gas liquids during 2013,” said Jeff Shellebarger,… Read More
2015 January-February Oklahoma 

American Energy Minerals Raises $500m

American Energy Minerals Holdings, LLC, an affiliate of American Energy Partners, LP, has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests across targeted high-return onshore basins in the U.S. The equity commitment was provided by AEMN’s private equity sponsor, Houston-based The Energy & Minerals Group, with additional… Read More
2015 January-February Oklahoma 

Monarch Launches Open Season

Monarch Oil Pipeline, LLC, a subsidiary of Monarch Natural Gas Holdings, LLC, on Dec. 1, 2014, launched an open season to solicit capacity commitments from shippers for a new crude oil pipeline system that will be constructed to gather and transport crude oil in interstate commerce from production areas in Hemphill and Lipscomb counties, Texas, to Plains Pipeline, LP’s, Reydon… Read More
2015 January-February Oklahoma 

Continental Joint Venture to Develop Northwest Cana Woodford Shale

Continental Resources, Inc., has formed a joint venture with a wholly owned U.S. subsidiary of South Korea-based SK E&S Co. Ltd to jointly develop a portion of Continental’s Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla. Continental sold a 49.9% interest in approximately 44,000 net acres in the Northwest Cana area of the Anadarko Woodford… Read More
2015 January-February 

Plains All American to Build Pipeline from Duncan to Longview

Plains All American Pipeline, LP, plans to construct a new 226-mile, 16-inch pipeline originating from the Plains Basin pipeline system at Duncan, Okla., and largely following an existing Plains right-of-way to Longview, Texas. The pipeline is supported by long-term commitments and is expected to be completed by the second quarter of 2016. The new pipeline will also have access to… Read More
Continental Completes Four Springer Wells in SCOOP 2015 January-February Oklahoma 

Continental Completes Four Springer Wells in SCOOP

Continental Resources, Inc., has completed four oil wells in its Springer play in the South Central Oklahoma Oil Province (SCOOP). “Four new wells further confirm the repeatability and growth potential of Continental’s new discovery, the Springer play in SCOOP,” said Harold G. Hamm, chairman and chief executive officer of Continental. “These individual delineation wells in the play are generating excellent… Read More
Energy Department Authorizes Freeport LNG for Export 2015 January-February Texas 

Energy Department Authorizes Freeport LNG for Export

The U.S. Department of Energy (DOE) has issued two final authorizations for Freeport LNG Expansion, LP, and FLNG Liquefaction, LLC, to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement with the U.S. The Freeport LNG terminal in Quintana Island, Texas, is authorized to export LNG up to the equivalent of 1.4… Read More
2015 January-February Texas 

Partnership to Build NGL Pipeline

Lone Star NGL, LLC, a partnership of Energy Transfer Partners, LP, and Regency Energy Partners, L.P., plan to construct a 533-mile, 24- and 30-inch natural gas liquids (NGL) pipeline from the Permian Basin to Mont Belvieu, Texas. In addition, Lone Star will convert the existing 12-inch West Texas NGL pipeline into crude oil/condensate service. The new pipeline and conversion projects,… Read More
2015 January-February Texas 

Plains All American to Acquire Interest in BridgeTex

Plains All American Pipeline, LP (PAA) has entered into a definitive purchase and sale agreement with Occidental Petroleum Corp. for the purchase by PAA of Occidental’s 50% interest in BridgeTex Pipeline Co. for approximately $1.1 billion. The BridgeTex pipeline is a new 300,000 barrel-per-day crude oil pipeline system that extends from Colorado City in West Texas to Texas City. At… Read More
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