Williams has increased its total acreage in the Marcellus to 94,000 acres.
The package includes 25,861 gross acres (18,802 net) in Searcy, Hope, Van Buren, Conway, Faulkner and Cleburne counties.
Shale gas has irrevocably remade the North American natural gas business, from supply dynamics to equity valuations to the transaction markets.
The financial plan will be implemented through a series of transactions, including stock placements, joint ventures and divestments, expected to close within 24 months.
As production from unconventional gas plays continues to rise, new pipeline and take-away capacity projects are under way.
Multiple pipeline projects are set to be implemented across North American in the coming year.
The project will be capable of receiving and injecting gas into storage at maximum rates of 75,000 dekatherms per day and delivering gas out of storage at maximum rates of up to 150,000 dekatherms per day.
States, local governments, and shale gas operators seek to manage produced water in a way that protects surface and ground water resources and, if possible, reduces future demands for fresh water. By pursuing the pollution prevention hierarchy of “Reduce, Re-use, and Recycle” these groups are examining both traditional and innovative approaches to managing shale gas produced water. This water is currently managed through a variety of mechanisms, including underground injection, treatment and discharge, and recycling. The table above summarizes current produced water management practices for the various shale gas basins,...
As production from unconventional gas plays continues to rise, operators are planning and building new pipeline take-away capacity.