midstream

A hundred years encompasses a lot of history; if you’re talking about the energy industry and pipeline infrastructure, then you’re really including almost the entire history of the business.

Sheehan Pipe Line Construction Co. (SPLCC), started in 1903, is the oldest pipeline construction company in the U.S. and is celebrating 110 years in business in 2013. The Tulsa, OK-based company has designed a new logo to commemorate the anniversary and will be creating collector items and memorabilia to celebrate their success.

While the federal Energy Information Administration (EIA) may have first logged shale gas development and production as far back as the mid-1990s, it has only been in recent years that shale plays have become universally recognized as a game-changer for the energy industry.

The United States Geological Survey (USGS) has released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, showing the formations contain an estimated mean of 7.4 Bbbl of undiscovered, technically recoverable oil.

Atlas Energy LP’s midstream subsidiary, Atlas Pipeline Partners (APL) LP, has a definitive agreement to acquire 100% of the equity interests of TEAK Midstream LLC for $1 billion.

Dakota Plains Holdings Inc. and joint venture partner, Petroleum Transport Solutions LLC, an indirect wholly owned subsidiary of World Fuel Services Corp., report construction is underway for the Pioneer Project.

MarkWest Utica EMG LLC, a joint venture between MarkWest Energy Partners LP and The Energy and Minerals Group, has agreements with PDC Energy Inc. to provide gathering, processing, fractionation, and marketing services in the Utica Shale in Ohio.

Port of Lake Charles Commissioners approved an option for a long-term lease agreement on 90 acres with Magnolia LNG, an Australian-based energy company that plans to build a $2.2 billion export facility that will produce 4 million metric tons of LNG per year.

Strategy Engineering & Consulting LLC was awarded a contract by Chesapeake Energy to design a Central Production Facility (CPF) in the Eagle Ford Shale.

North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 bpd in December. Total annual production more than doubled between 2010-12 in the Bakken Formation in the Williston Basin. North Dakota production in 2012 trailed only Texas and the U.S. Federal Offshore region, and the state accounted for 10% of total U.S. crude oil production.

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