Azure Midstream Energy LLC announced the successful completion of its acquisition of Marlin Midstream GP LLC.
Under the agreement, the company acquired 33% of the seller's interest in several thousand acres.
The closing of the transaction has been extended to July 31, 2013 with a termination date also of July 31, 2013 in order to allow Cubic Energy additional time to finalize financing.
The majority of the Barnett volume reduction occurred on Crestwood's Alliance and Lake Arlington dry gas gathering systems due to delayed completions of new wells, modest amounts of economic shut-ins and the temporary shut-in of nearby wells for producer fracking operations.
The Company is currently designing an artificial lift system that it anticipates will further enhance the well's production rate.
The completion of the Morse Unit # 1-H involved hydraulic fracturing of the well's 2,000 ft horizontal borehole in five stages.
Through two transactions, field services unit will increase fee based gathering and treating portfolio, and expand position in liquids-rich area.
The Morse Unit # 1-H is the first horizontal well in Pegasi's planned development of its extensive Cornerstone Project in East Texas.
Comstock Resources, Inc. reported financial and operating results for the three months and year ended December 31, 2011.
PetroQuest Energy, Inc. announced that the Company recently initiated production from 10 additional operated Woodford wells.