$300 mm will be helpful
M&R is NGP Midstream & Resources, L.P, a private equity fund from Texas, that provided capital to MWE during 2009 crises to to assist MWE in Marcellus build-out mostly around Washington county. They originally received a 40% share in profits as a partner with Markwest Liberty (emg is partner) and appears to later turned into equity probably at the time MWE bought out EMG in Marcellus
so if they were going to dump would have already done so
"...Injection for sentinel lymph node (SLN) detection in patients with head and neck cancer, an indication for which Lymphoseek was also granted Fast Track designation earlier this month. ('~') Lymphoseek is currently approved for use in lymphatic mapping procedures that are performed to aid in the diagnostic evaluation of potential cancer spread for patients with breast cancer and melanoma..."('~')
"...If this sNDA is approved, (':') Lymphoseek will be the only approved agent for SLN detection in this patient population, and representing another step forward in Navidea’s efforts to develop precision diagnostics that improve the accuracy of diagnosis."(':')
"...As part of the sNDA submission package, (':') Navidea also provided study results that demonstrated the ability of Lymphoseek to detect SLNs in same-day or subsequent-day surgery following injection,(':') ('~')as well as being used in lymph node imaging, or lymphoscintigraphy...."('~')
NOVA also recognized time was of the essence as ethane was being tied up by Shell and European interest was going to accelerate and they saw JV line to GC
Why announce it now with KMP/MWE JV line in play and not wait until after Dec 20 commitment period ends on the JV line? very curious in deed
was on an phone and had to post from family id- What I find interesting is ngls are coming from Harrison county in the article
"HOUSTON--(BUSINESS WIRE)-- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that its subsidiary, Kinder Morgan Cochin LLC has signed a letter of intent with NOVA Chemicals Corporation (NOVA) to develop a new products pipeline from the Utica Shale. Under the agreement, Kinder Morgan Cochin will develop, construct, own and operate a 210-mile, 10-inch diameter pipeline from multiple fractionation facilities in Harrison County, Ohio, to Kinder Morgan's Cochin Pipeline near Riga, Mich., where the company will then move product via Cochin east to Windsor, Ontario, Canada.
The proposed approximately $300 million Kinder Morgan Utica To Ontario Pipeline Access (UTOPIA) would transport previously refined or fractionated natural gas liquids (NGLs), including ethane and propane. The pipeline is expected to have an initial 50,000 barrels per day (bpd) of capacity, which is expandable to more than 75,000 bpd. A mid-year 2017 in-service date is anticipated, pending NOVA's execution of a definitive agreement during the binding open season process (which is expected in 2014) and timely receipt of necessary permitting and regulatory approvals.
"We are excited to have this opportunity to continue to provide a pipeline transportation solution for the growing Ontario market," said Don Lindley, president of Natural Gas Liquids Business Development. "This proposal will complement our existing transportation solutions for NGLs produced in the Utica, allowing producers to choose between mixed NGLs to the Gulf Coast or previously fractionated NGLs to nearby demand centers." The project is expected to be immediately accretive to cash available to KMP unitholders upon completion.
The Cochin Pipeline is a multi-product pipeline consisting of approximately 1,900 miles of 12-inch pipeline operating between Fort Saskatchewan, Alberta, and Windsor, Ont.
chrx help me understand your thinking . Liberty Ethane Pipeline transports ethane from Majorsville, WV to Houston, Pa and you have been looking further south into WV around Sherwood etc. The blue racer line I mentioned runs south/north along the Ohio river in ohio sort of partially paralleling the liberty line
Aug presentation said the line to be converted was 905 miles (before southern 200 mile addition). Latest presentation added 100 miles and is now 1005 miles and shows other legs to the north, so is it a clue or just refinement of the scope?
Could it be competition from blue racer ngl line
-60 mile, 8-inch NGL pipeline extending from Natrium to Enterprise (TEPPCO and ATEX) with expected capacity of ~27,000 bbl/d
"...Current state of the Utica Shale
–2.5 million acres of wet gas acreage
–Over 1.5 million acres of wet gas acreage are uncontracted
–Currently ~15% of contracted acreage will be processed by Natrium
– Opportunity to contract remaining available wet gas acreage
Are they being too cautious or were they over priced? BBep seems to be responding well to recent deal
"...Paul D. Koonce - EVP, Dominion Resources, Inc. CEO, Energy Infrastructure Group and CEO, Dominion Virginia Power
Yes, I think that as it relates to Berne and Natrium II, I mean that's equipment is ordered. Natrium II is already on site. I think Tom mentioned that we expect those facilities to be online spring and summer. So that work is going very well. As it relates to others, of course the Berne and Natrium II are just processing facilities. They are not fractionation facilities. They will use the fractionation capacity that we have in Natrium I. So as it relates to the work that we're doing through Blue Racer, the equipment's ordered. It's fairly straightforward construction process and we expect to bring that online back to the first of the year.
Paul Fremont - Jefferies
Should we still expect roughly to a year in terms of new processing?
Paul D. Koonce - EVP, Dominion Resources, Inc. CEO, Energy Infrastructure Group and CEO, Dominion Virginia Power
Yes. I think when you look at the acreage where we're sitting especially in the West Utica and Southeastern Ohio, I think the plan is to continue to add a couple a year. And as I said when we're looking at processing, we're looking at pretty much a skid amount type of equipment, so that shouldn't be a problem for us..."
"...The management team at Blue Racer is actively marketing gathering and processing services to the producers in the Utica region. There are currently two new processing plants under construction, Natrium II and another at Berne. They’re scheduled for completion in the spring and summer of next year respectively. Each of these facilities will have processing capacity of 200 million cubic feet per day.
Blue Racers Natrium I processing and fractionation plant has been out of service since September 21, due to a fire that damaged the small area of the plant. Producers have been able to redirect significant volumes to other processing plants in the area including Dominion’s Hastings plant. Repairs have begun and the plant is expected to be back at full capacity by late January.
As Mark mentioned earlier the TL-388 pipeline was contributed to Blue Racer at the end of September. This will serve as a central trunk line that provides further connectivity between Blue Racer’s gathering lines and key producing acreage. Blue Racer’s management is finalizing multiple agreements in the Southern Utica region with the potential for 150,000 to 200,000 acres to be dedicated to the joint venture, which should be more than enough at full production to support both the Natrium Phase II and Berne processing plants.
Of recent interest, in mid October, CONSOL announced its gathering services agreement with Blue Racer. PDC Energy has also announced that Blue Racer will provide midstream services for PDC in the Southern Utica..."
"...Paul Fremont - Jefferies
Thanks. I noticed that with the processing plants including sort of Natrium I but also the follow-on facilities that there is sort of delays in terms of getting these plants on line. Can you sort of just discuss what is it that sort of is slowing down this schedule? And do you still think you can do two processing plants a year or can you do more?
Columbus Biz Insider
Dec 12, 2013, 12:22pm EST
Shale drilling permits top 1,000 in Ohio, beating projections
Ohio is projecting continued growth in shale drilling permits after 2013 exceeded forecasts.
Ohio is projecting continued growth in shale drilling permits after 2013 exceeded forecasts.
Staff reporter- Business First
Ohio has cleared the 1,000 mark for drilling permits in the Utica shale play, driven by activity from oil and natural gas companies that has exceeded projections by the Ohio Department of Natural Resources.
Through Dec. 7, ODNR had issued 1,015 permits for horizontal wells in the Utica since December 2009. Of that total, 551 were approved this year, surpassing the 525 permits for the year the agency projected back in May. It issued 376 in 2012.
“In general, 1,000 permits is a milestone,” said Shawn Bennett, a director with Energy in Depth Ohio, an oil and gas education and advocacy group. “It shows the resource is here and companies are allocating the investments to develop it.”
He also told me the best is yet to come as more oil and gas pipelines and processing plants are built in eastern Ohio, paving the way for drillers to move gas and oil from well heads to the marketplace.
ODNR has projected 750 drilling permits will be issued next year and 1,000 in 2015.
“That’s when you’ll really see the Utica take off,” Bennett said of 2015. “Pipelines and processing plants will be up to capacity by then.”
arb-NFX classifies EF at development. See presentation points below. Their July 2013 liquids growth presentation give a very good overview. they projected in July 2013 of growing from 5 mboe/d in Jan 2103 to 15 mboe/d in 2015 in EF/Maverick. They also have 185,000 net acres in EF/Maverick formations (their largest acreage and is in far west Texas counties) with nearly 2100 drilling locations on current spacing which is oil and liquids, with initial focus on oil which means associated gas, condensate/liquids separation in some fashion, and gas processing at some point in the growth cycle.
Jan. 2013 production on the best I can guesstimate 20 or so wells
EAGLE FORD SHALE:
Optimized development drilling and
Reduced well costs in field development
"Newfield 2014 Investment Highlights:...Approximately $170 million is planned for investment in the Eagle Ford, where Newfield expects to drill about 20 development wells in 2014. Well costs in 2013 have averaged about $7.3 million for SXL wells, reflecting continued efficiency gains in development. Net production from the region is expected to increase more than 30% over 2013 levels..."