OIL AND GAS
Continental books room on shale gas network
by Staff Writers
Washington DC (UPI) Apr 30, 2018

illustration only

More shale natural gas from basins in Oklahoma can find its way to the market with increased network access, shale producer Continental Resources said.

Continental secured a transportation agreement for access to Project Wildcat, a takeaway project steered by Enable Midstream Partners for Oklahoma shale resources. All told, the project delivers approximately 400 million cubic feet of natural gas to the market in north Texas.

For Continental, it's an outlet for natural gas from the so-called SCOOP and STACK reserves in the Anadarko shale.

Project Wildcat not only provides flow assurance for our growing production in SCOOP and STACK but access to premium markets to maximize the returns on every molecule we sell, Continental Chairman and CEO Harold Hamm said in a statement.

Legacy natural gas assets in the north Texas market are on the decline. Continental's fourth quarter production from the SCOOP basin increased 8 percent from the third quarter, but was slightly lower year-on-year. From STACK, both year-on-year and quarterly output saw gains.

For the shale sector in general, the International Energy Agency has said the limits to takeaway capacity could throttle production in the southern shale belt. Oklahoma, meanwhile, has robust shale resources, but development has been complicated by chronic seismic activity near its reservoirs. The U.S. Geological Survey reported two tremors in the state early Friday.

Project Wildcat, unveiled by Enable Midstream last year, will start operations in June and be at full service by July.


Related Links
Oil and Gas news
All About Oil and Gas News at OilGasDaily.com

OIL AND GAS
Iraq grants oil exploration permits near Iran and Kuwait
Baghdad (AFP) April 26, 2018
Iraq's oil ministry said Thursday it has granted licences to explore oil blocs in zones bordering Iran for the first time in half a century. Licences have been issued to two Chinese companies and one Emirati firm for three blocs close to Iran and one near Kuwait, according to the ministry. The ministry also granted licences to exploit gas from four fields in Diyala province, northeast of Baghdad. Under late dictator Saddam Hussein, Iraq went to war with Iran between 1980 and 1988 and invaded ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Saudis down new missile from Yemen rebels: state media

Saudis intercept ballistic missile from Yemen: coalition

Raytheon tapped for Air and Missile Defense Radar Program

Lockheed tapped for upgrades to Patriot, THAAD missile systems

OIL AND GAS
US Strategic Command observed Russia, China operating hypersonic missiles

Syria retracts report on missile attack: state media

Lockheed tapped for long-range, anti-ship missiles

Boeing to restart production of Standoff Land Attack Missiles

OIL AND GAS
Army taps AeroVironment for Switchblade missiles

US to drop curbs on drone tech to boost arms sales

Dynetics to develop Gremlins UAV system for DARPA

MSAB and URSA Partner on Drone Forensic Technology

OIL AND GAS
Russia Launches Heavy Rocket with Military Satellite

India Struggling to Establish Lost Link With Crucial Communication Satellite

Indian scientists lose contact with satellite

Russian Soyuz launches military satellite

OIL AND GAS
In New Guinea, human thigh bone daggers were hot property: study

A heavyweight solution for lighter-weight combat vehicles

Army researchers conduct first-ever combustion experiment with X-rays

Orbital ATK receives $115M to produce Army ammunition

OIL AND GAS
US to update Saudi artillery for $1.31 billion

74% of French people against weapons sales to Saudi: poll

Mattis wins big with budget victory

US approves $1 billion in Saudi defense contracts

OIL AND GAS
Turkey to consider Greek soldiers' case if coup suspects returned

US-China trade tension dominates IMF gathering

Chinese, Indian leaders to meet this week

Chinese ship conducting research near disputed islets: Japan

OIL AND GAS
Course set to overcome mismatch between lab-designed nanomaterials and nature's complexity

This 2-D nanosheet expands like a Grow Monster

Robot developed for automated assembly of designer nanomaterials

A treasure trove for nanotechnology experts