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News Breaks
November 27, 2012
19:13 EDTGPOR, MWEGulfport Energy reports Utica Shale results
Gulfport's Shugert 1-12H well in the Utica Shale was tested following the conclusion of its 60-day resting period. The well was flow tested over 48 hours, reaching an average sustained 18 hour rate of 28.5 MMCF per day of natural gas and 300 barrels of condensate per day. Subsequent to the test, the 12 hour wellhead shut in casing pressure was 5,250 psi. Based upon composition analysis, the gas being produced is 1204 BTU rich gas. Assuming full ethane recovery, the composition above is expected to produce an additional 102 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 10%. In ethane rejection mode, the composition is expected to yield 41 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 2%. Gulfport currently anticipates it will begin flowing the Shugert 1-12 H into a sales pipeline by the end of January.
News For GPOR;MWE From The Last 14 Days
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September 22, 2014
19:36 EDTMWEMarkWest Energy joint venture announces definitive agreements with AEU
MarkWest Utica EMG, a joint venture between MarkWest Energy Partners and The Energy & Minerals Group, and Ohio Gathering Company, a joint venture between MarkWest Utica EMG and Summit Midstream Partners, announced the completion of definitive agreements with American Energy- Utica, or AEU, an affiliate of American Energy Partners, to provide natural gas gathering, processing, and fractionation services in the Utica Shale in Ohio. AEU has acquired a significant acreage position in highly prolific Utica Shale and with the agreements announced, has dedicated more than 60K net acres in the rich-gas and condensate windows to MarkWest Utica EMG and Ohio Gathering. Under the terms of the agreements, MarkWest Utica EMG will provide natural gas processing services at its Cadiz complex in Harrison County, Ohio and its Seneca complex in Noble County, Ohio. Combined, these two large complexes currently provide 725M cubic feet per day of total processing capacity to eight key producer customers in the Utica Shale. Based on previous announcements, the two complexes will be expanded to more than 1.3B cubic feet per day of processing capacity by 2Q15. MarkWest Utica EMG will fractionate AEU’s natural gas liquids, or NGLs, at its jointly owned Hopedale complex, which currently includes 60K barrels per day, or Bbl/d, of propane and heavier NGLs fractionation capacity and will be expanded to 120K Bbl/d of capacity by 1Q15.
September 16, 2014
09:44 EDTMWEMorgan Stanley to hold a summit
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