- $705 million
- seller: Samson Exploration
- location: Pecos County, Texas
- 20,748 net acres
- also purchasing 15,040 net acres in Ward County, $11,000 / acre
- company says it picked up the Delaware acreage for "attractive price" of $20,000 / acre
- back-of-the-envelope: $20K is exactly right, and that's a great price for the Permian
- similar to Anadarko, Halcon is also selling all of its east Texas (Eagle Ford) acreage -- generates $500 million; buyer is Denver-based Hawkwood Energy
- comment: this confirms my theme that Eagle Ford has turned out to be less attractive than originally hyped
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More Pipeline News
More Pipeline News
In an earlier post, RBN Energy provided an in-depth look at Plains All American Pipeline buying ACC. Now this from Rigzone:
- BridgeTex expansion
- Permian Basin to Houston Gulf Coast area; from Colorado City, TX, to Houston area
- Midstream Partners (50%) / Plains All American Pipeline, LP (50%)
- will be capable of shipping one-third more crude oil
- enhancing existing pumps, related equipment
- will increase capacity from 300,000 to 400,000 bopd
- a new origin point at Bryan, TX -- about 100 miles north of Houston -- will also enable BridgeTex to accept shipments from the Eaglebine (Eagle Ford) shale play
So, How's That Renewable Energy Working Out?
From SeekingAlpha:
- Sempra Energy's SoCalGas unit said yesterday that it had withdrawn natural gas from its Aliso Canyon storage facility for the first time since January a year ago to support the reliability of the region's gas and electricity systems as cold weather stressed its pipeline network
- SoCalGas has only limited access to fuel at Aliso Canyon following the massive methane leak from the facility during October 2015 through February 2016
- California agencies had said that SoCalGas could have difficulty meeting a forecast peak gas demand of 5.2B cf on the coldest days this winter without fuel from the facility
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