Questerre Energy Corp.’s 04-16-63-6W6M (04-16 well), drilled in June with a 2,200-m lateral, has produced 2,110 boe/d consisting of 6.18 MMcfd and 1,081 b/d of condensate during 746 hr of production testing. The well flowed 1,458 boe/d (4.4 MMcfd of gas and 723 b/d of condensate) from Montney during the last 24 hr of the […]

Lucid Energy Group LLC, Dallas, has completed part of the ongoing, planned expansion of its gas gathering and processing capacity in the Delaware basin of Eddy and Lea counties, NM. Source: News

Phillips 66 reported that its Freeport LPG export terminal in Freeport, Tex., is fully operational after the loading of its first contracted cargo. The Commander, a very large gas carrier, departed the terminal on Dec. 16. Source: News

Crude oil futures contracts for front-month delivery on the New York Mercantile Exchange fell slightly on Dec. 14 following news of interest rate hikes by the US Federal Reserve. But prices were gaining again early on Dec. 15 as analysts and traders showed increasing confidence that output limits by major producers will be implemented as […]

Diamondback Energy Inc., Midland, Tex., has agreed to acquire Austin-based Brigham Resources Operating LLC and Brigham Resources Midstream LLC for $2.43 billion. It’s Diamondback’s second deal for southern Delaware basin acreage since it entered the area earlier this year. Source: News

Indorama Ventures Olefins LLC (IVO), a subsidiary of Thailand’s Indorama Ventures PCL (IVP), Bangkok, has entered a long-term supply agreement with Targa Resources Corp., Houston, for delivery of all ethane and propane feedstock supplies IVL will require for its renovation and restart of a dormant ethane cracker in Westlake, La., just west of Lake Charles […]