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Latest Piceance Basin Stories

2011-06-17 07:00:00

DENVER, June 17, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today that it has entered into a Purchase and Sale Agreement (PSA) with Wapiti Oil & Gas, L.L.C. (Wapiti) to sell its remaining non-operated interests in various non-core assets for $43.2 million. The transaction is expected to close by the end of June. The non-operated, non-core assets to be...

2011-05-31 06:00:00

DENVER, May 31, 2011 /PRNewswire/ -- Antero Resources today announced a revised 2011 capital budget and outlook and updated its hedge position. 2011 Capital Budget Antero's board of directors has approved a $126 million increase in the Company's capital budget for 2011. Antero's revised capital budget for 2011 is $685 million and includes $519 million for drilling and completion, $86 million for the construction of gathering pipelines and facilities and $80 million for leasehold...

2011-04-12 14:52:00

HOUSTON, April 12, 2011 /PRNewswire/ -- Sharewell Energy Services, a division of Sharewell L.P. announced today that it just completed the drilling of a well in the Rocky Mountain area with its proprietary Electro-Magnetic Measurement While Drilling System (EM MWD) (Electro-Trac(TM)) to a depth in excess of thirteen thousand feet (13,000 feet). This is a record depth for Sharewell's state-of-the-art EM MWD technology. Electro-Trac(TM) successfully steered and surveyed the above well to a...

2011-03-08 11:58:00

LAFAYETTE, La., March 8, 2011 /PRNewswire/ -- United Vision Logistics is pleased to announce the opening of the first United Vision Logistics terminal in Darlington, Pa. The new terminal, which opened in September, will service the Marcellus Shale, expanding the company's operations in the U.S. energy exploration and production industry. "We're excited to bring United Vision Logistics' proficiency and trusted service into the Marcellus Shale, one of the most promising natural gas...

2011-02-23 06:00:00

DENVER, Feb. 23, 2011 /PRNewswire/ -- Antero Resources announced today that its proved reserves at December 31, 2010 increased 183% to 3.2 Tcfe. From all sources, Antero estimates that it replaced 4,447% of production in 2010 with 3,643% of the reserve replacement occurring through the drill bit and the booking of natural gas liquids (NGLs). Finding and development costs from all sources, including acquisitions, leasehold additions and all price and performance revisions averaged $0.28...

2011-02-17 06:30:00

TULSA, Okla., Feb. 17, 2011 /PRNewswire/ -- Williams (NYSE: WMB) announced today that its total proved natural gas and oil reserves as of Dec. 31, 2010, were approximately 4.5 trillion cubic feet equivalent (Tcfe) - including international reserves of approximately 0.2 Tcfe. Approximately 94 percent of total proved reserves are natural gas, with approximately 59 percent proved developed and 41 percent proved undeveloped, reflecting a continuation of the increase in the ratio of...

2010-12-02 06:00:00

DENVER, Dec. 2, 2010 /PRNewswire/ -- Antero Resources today announced that it has acquired Bluestone Energy Partners, a privately held West Virginia natural gas producer. The Bluestone assets include producing properties with 19 MMcfd of gross operated production (13 MMcfd net including non-operated production) from 93 operated vertical and 3 operated horizontal wells, gathering and compression assets and approximately 40,000 net acres in the Marcellus Shale play in West Virginia and...

2010-11-23 15:00:00

TULSA, Okla., Nov. 23, 2010 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) announced today that it has completed the acquisition of Williams' (NYSE: WMB) gathering and processing assets in Colorado's Piceance Basin for $782 million. The partnership announced the acquisition on Oct. 28. Williams Partners' total consideration for the assets was $702 million in cash and $80 million in WPZ limited-partner and general-partner units. The assets include the Parachute Plant Complex...

2010-11-15 07:30:00

TULSA, Okla., Nov. 15, 2010 /PRNewswire-FirstCall/ -- Williams (NYSE: WMB) announced today that it has signed an agreement to acquire a major acreage position in North Dakota's Bakken oil play that will, upon completion, diversify the company's exploration and production interests into light, sweet crude oil production. By 2013, approximately 25 percent of the company's E&P revenue streams are expected to be generated by oil production, up from 7 percent in 2010. In the sale,...

2010-11-08 06:00:00

DENVER, Nov. 8, 2010 /PRNewswire/ -- Antero Resources today announced that it has closed the previously announced sale of its midstream assets, located in the Woodford Shale area of the Arkoma Basin, to Cardinal Midstream, LLC ("Cardinal") for $270 million, after giving effect to working capital adjustments. The sale to Cardinal included a 60% membership interest in Centrahoma Processing LLC, which is a joint venture with MarkWest Energy Partners, L.P. that operates two cryogenic...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.