midstream

Crestwood Midstream Partners LP has completed the acquisition of gathering and processing assets from subsidiaries of Devon Energy Corporation for $87.1 million, which reflects a $2.9 million reduction to the originally announced acquisition price for estimated closing adjustments and operating activity since July 1, 2012.

Houston-based Noble Energy Inc. plans to increase its operations in eastern Colorado with $8 billion in investment over the next five years.

Bloomberg reported that Anadarko Petroleum Corp., the second- largest U.S. independent oil and natural-gas producer by market value, solicited bids for some of its assets, including coalbed- methane properties in Wyoming and certain midstream holdings.

Crestwood Midstream Partners LP will acquire a number of gathering and processing assets from Devon Energy Corp. in the liquids-rich southwestern area of the Barnett Shale for $90 million.

NiSource Inc.'s Midstream & Minerals Group, LLC, announced a joint venture with affiliates of Hilcorp Energy Company to construct gathering pipeline infrastructure and NGL processing facilities to support natural gas production in the Utica Shale region of northeast Ohio and western Pennsylvania.

DCP Midstream LLC reports capital investments under way will double its processing capacity in the Denver-Julesburg Basin by the end of 2014.

Sumitomo Corporation has signed an agreement with Devon Energy Corp. to participate in Devon's tight oil development project in the Permian Basin.

MarkWest Energy Partners, L.P. has signed a long-term, fee-based agreement with XTO Energy, Inc. a subsidiary of ExxonMobil Corp., to extend MarkWest’s natural gas liquids (NGL) gathering pipeline in northwest Pennsylvania to XTO’s processing plant in Butler County, PA which is expected to start operations in late 2012.

Williams Partners L.P. will be a funding partner in a joint venture with Caiman Energy II to develop midstream infrastructure serving oil and gas producers in the Utica Shale.

Now marking its 30th year in business, Ziff Energy Group has earned a worldwide reputation for stellar consulting services that focus on groundbreaking operational benchmarking studies of onshore and offshore oil and natural gas fields along with long term natural gas supply, demand, and price forecasts for North America.

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