Energy Briefs for Sept. 24


Published 8:48 am, Sunday, September 24, 2017

Sabinal Energy announces Central Basin Platform acquisition

THE WOODLANDS — Sabinal Energy LLC and the Kayne Private Energy Income Fund LP announced the closing of the purchase of certain producing oil and natural gas assets owned by Chevron U.S.A. Inc. in the Central Basin Platform and Northern Shelf of West Texas.

The acquired assets produce about 7,500 barrels of oil equivalent per day across a roughly 66,500 net acre position in Hockley, Terry and Gaines counties.

BP starts delivering natural gas to buyers in Mexico

By Collin Eaton

Houston Chronicle

 

BP has begun piping natural gas to buyers across eight states in Mexico as the country continues to open its energy sector to foreign investors, the company said.

The British oil giant said it’s delivering gas to industrial companies, distributors and power producers purchasing a combined 200 million British thermal units per day of natural gas.

BP had secured rights to pipe gas to the country in an auction earlier this year. It also plans to open some 1,500 gasoline stations in Mexico during the next half-decade; it had opened its first stations in March.

 

CenterPoint’s Enable Midstream buying Dallas company for $300M

 

HOUSTON — CenterPoint Energy’s Enable Midstream joint venture said it’s buying Dallas pipeline company Align Midstream for $300 million.

Oklahoma City-based Enable is the pipeline and processing joint venture controlled by Houston’s CenterPoint and Oklahoma’s OGE Energy. Enable is buying Align from the Dallas private equity firm Tailwater Capital.

The deal gives Enable Midstream Partners a strong position with more natural gas pipeline gathering and processing networks in the Haynesville and Cotton Valley shale plays in East Texas, Louisiana and Arkansas. Align owns about 190 miles of gathering pipelines within those regions and a processing plant in Panola.

“We are excited about the outlook for the Cotton Valley and Haynesville, and this acquisition further builds out our footprint to capture opportunities in active areas of these plays,” said Enable CEO Rod Sailor.

 

Colorado fines oil and gas company $225,000 for 2016 spill

 

DENVER — Colorado has fined an oil and gas company $225,000 for a pipeline leak that contaminated soil and water on a hunting ranch in the western part of the state.

The Denver Post reported the state Oil and Gas Conservation Commission fined a subsidiary of Encana Oil and Gas over a June 2016 spill on the Bishop Ranch outside the town of Parachute.

Encana has not said how big the spill was. The newspaper said it obtained a state document showing the Encana subsidiary has recovered about 50,000 gallons at a cost of $2.7 million.

Bishop Ranch owner Mike Bishop said the fine wasn’t big enough and was unlikely to deter future spills.

The ranch filed a state lawsuit over the spill. The suit is still pending.


 

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