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Pipeline to carry natural-gas liquids from Ohio to Texas moving forward

Gas pipeline in WyomingBy Bob Downing

Plans for a pipeline to carry natural-gas liquids from Ohio to the Gulf Coast are progressing.

Dubbed the Utica Marcellus Texas Pipeline Project, the pipeline is being developed by Kinder Morgan Energy Partners LP and its partner, MarkWest Utica EMG LLC. It is designed to serve the Utica and Marcellus shale regions in Ohio and surrounding states.

New details for the project, first announced in August, have emerged on a fact sheet posted on Kinder Morgan’s website.

The pipeline would run from a proposed natural-gas processing plant in Uhrichsville in southern Tuscarawas County to Mont Belvieu, Texas.

The new processing plant and pipeline are estimated to cost $1 billion, although no figures have been posted.

The project calls for converting 1,005 miles of Kinder Morgan’s 24-inch and 26-inch Tennessee Gas Pipeline system, switching it from carrying natural gas to transporting related liquids such as ethane, butane and propane.

The existing pipeline runs from Mercer County in western Pennsylvania to Natchitoches, La. A new line, stretching about 200 miles, would be built from Natchitoches to Mont Belvieu.

Read more:

http://www.columbusceo.com/content/stories/apexchange/2014/07/23/pipeline-to-carry-natural-gas-liquids-from-ohio-to-texas-moving-forward.html

 
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Gulf Oil plans LNG facility in Great Bend

Gas industry. row gas valvesBy Brendan Gibbons

An oil company with Pennsylvania roots plans to have a liquefied natural gas facility up and running in Susquehanna County by the end of 2015.

The Great Bend facility would accept natural gas from Williams’ Windsor-Montrose-Washington gathering line and compress it for storage and delivery as a liquid, according to a petition the company, Gulf Oil LP, filed with the Federal Energy Regulatory Commission in April.

The facility would produce 100,000 to 300,000 gallons of liquefied natural gas per day, the petition states, using electric compressors. Its target markets are operators of drilling rigs and hydraulic fracturing unit fleets who want to run their equipment on natural gas instead of diesel fuel.

The gas would also go to storage facilities operated by utility companies. These plants, known as “peak-shaving plants,” store excess gas until periods of high demand, according to the U.S. Department of Transportation.

On Thursday, FERC issued an order stating the project does not fall into its jurisdiction because the project would not involve shipping gas through an interstate pipeline.

Read more:

http://thetimes-tribune.com/news/gulf-oil-plans-lng-facility-in-great-bend-1.1721282

 
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Energy deals accounted for the majority of Texas’ biggest mergers and acquisitions this year

oil drilling rig on oilfield

Texas’ energy industry, now in high gear with the development of the Eagle Ford Shale and Permian Basin, accounted for seven of the state’s 10 largest mergers and acquisitions in the first half of this year, according to data from research firm Mergermarket.

Indeed, of the 27 Texas deals valued at more than $1 billion during that period, nearly half — a dozen, to be exact — involved energy companies, says Chad Watt, natural resources editor for Mergermarket. This spring, a tidal wave of acquisition deals swept through South Texas’ Eagle Ford oil-and-gas play as some big players looked to cash out and others worked to expand their holdings.

“The shale boom has happened in Texas, and what we’re seeing now is companies focusing on deals that drive efficiency,” Watt says.

Look for a cover story in Friday’s Business Journal taking a deeper look at how oil-and-gas activity is driving a rush of M&A activity in San Antonio and the rest of the state.

Read more:

http://www.bizjournals.com/sanantonio/blog/eagle-ford-shale-insight/2014/07/energy-deals-accounted-for-themajority-of-texas.html

 
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Boomtown: The State of U.S. Energy Production in 4 Charts

US Flag-Map Inner Shadow

Energy is the backbone of the American economy, and of the whole world, really. Without reliable, cost-effective sources of energy, all the economic systems in the world would eventually grind to a halt. For many years, the biggest point of contention in the United States, particularly when it comes to foreign policy, is based around the production or securing of cheap, plentiful energy sources. The American involvement in the Middle East is the most pointed example of this, with several conflicts even over the past two or three decades being motivated by the strategic placement of oil reserves in the region.

With new innovation and technological advancement, American energy companies have been able to turn the tables, so to speak, over the past few years. The rapid growth of hydraulic fracturing, along with the discovery of large oil reserves within the territory of the United States has allowed the country to evolve out of its status as an energy importer, and into an exporter role. States like North Dakota, with its Bakken shale formation, have been major areas of booming growth, creating thousands of jobs along with untold wealth for extractors. The tax revenue headed to the state’s capital of Bismarck is also quite attractive to other states, who have begun exploring their own land for energy production potential.

Read more:

http://wallstcheatsheet.com/business/boomtown-the-state-of-u-s-energy-production-in-4-charts.html/?a=viewall

 
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UMH Properties Inc. buys 4 manufactured home communities in region

Home under construction 

New Jersey-based real estate investment Trust UMH Properties, Inc. (NYSE: UMH) announced it has bought four manufactured home communities in the Pittsburgh area.

The company paid $12.2 million for the four communities in the region that include 336 developed homes on 239 acres but didn’t provide details on the specific properties it bought.

UMH said the average occupancy for the four communities is about 84 percent. The company owns a total of 86 communities.

Read more:

http://www.bizjournals.com/pittsburgh/news/2014/07/16/umh-properties-acquisition.html

 
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