Category Archives: Barnett

Torrent Energy Services Partners with CSL Capital Management

Torrent Energy Services, LLC “Torrent” and CSL Capital Management “CSL” are pleased to announce they executed definitive agreements that will provide Torrent with growth capital to accelerate its business plan. Torrent offers modular gas processing equipment and services that allow oil and gas producers and midstream companies to recover valuable natural gas liquids NGLs while reducing flaring and emissions.Torrent leases and operates mechanical refrigeration units MRUs based on tried and true technology. Built new, Torrent’s skid-mounted plants are capable of processing very rich natural gas and have the mobility to rapidly respond to customer needs, even in the most extreme weather conditions. Torrent’s plants convert heavy hydrocarbons C3+ into a stabilized, truckable, Y-Grade NGL product. The clean residue gas — primarily methane and ethane — is used to fuel ancillary equipment, including natural gas generators and compressors also provided by Torrent. Any remaining gas can be gathered or flared with a reduction in VOC emissions of 70 percent or more, allowing customers to meet permit requirements.Torrent is active in multiple regions including the Bakken Shale, Permian Basin, California, Utica Shale and Piceance Basin. Torrent is an established leader in North Dakota’s Bakken Shale, where the company helps multiple customers meet the state’s new gas capture requirements.

via Torrent Energy Services Partners with CSL Capital Management – MarketWatch.

Major investment firms form new Barnett Shale giant

Investment firms Kohlberg Kravis Roberts & Co. NYSE: KKR and Riverstone Holdings LLC are merging oil and gas assets to form Trinity River Energy, a new Fort Worth-based company that will become one of the largest operators in the Barnett Shale.Trinity River will have Barnett Shale wells capable of producing up to 258 million cubic feet per day of natural gas. The driller will also have oil and natural gas liquid-rich properties throughout Texas, Louisiana and Mississippi.The company formed from the combination of KKR Natural Resources and Legend Production Holdings, a Riverstone company. Both KKR, which manages investments across various asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds, and Riverstone, an energy and power-focused private investment firm, have offices in Houston.

via KKR, Riverstone Holdings form Trinity River Energy from KKR Natural Resources, Legend Production Holdings – Houston Business Journal.

An Investor’s Guide to the Marcellus Shale

The EIA’s most recent report on U.S. Crude Oil and Natural Gas Proved Reserves noted that the proved natural gas reserves in the Marcellus Shale gas play in Pennsylvania and West Virginia surpassed those in the Barnett Shale play of Texas to become the largest shale gas play in the United States, with proved reserves totaling nearly 43 Tcf. This is positive news for companies that invested early and substantially in this burgeoning region. With approximately 200,000 net acres in the Marcellus region Cabot Oil and Gas (NYSE: COG  ) ranks among the top players.

via An Investor's Guide to the Marcellus Shale.

Rising natural gas demand is likely to spur more activity in shale plays

New sources of natural gas demand including petrochemical plants, electric generation and pipeline exports to Mexico will rekindle gas activity in shale plays such as South Texas’ Eagle Ford, Houston-based consulting firm ICF International says.

Natural gas prices, which dropped in recent years, likely will rise between 2015 and 2020 along with demand from those sources, according to the ICForecast Energy Outlook for the second quarter of 2014. ICF also expects natural-gas price volatility to increase through the end of the decade.

via Rising natural gas demand is likely to spur more activity in shale plays, ICF says – San Antonio Business Journal.