Statoil Is Now An Eagle Ford Operator – Takes Over 50% Of Talisman’s Operations

Transition Began in Early 2013 And Was Completed in July
Statoil Eagle Ford Map

Statoil Eagle Ford Operations Map | Click to Enlarge

Statoil now operates half of the company’s Eagle Ford venture. The company has almost three years of experience in the play, but did not operate a rig in the area until April of this year.

Since the first quarter, Talisman, Statoil’s partner, has been transferring 50% of the JV’s operations to the Norwegian company.

The Talisman – Statoil Eagle Ford JV has been active in South Texas for almost three years. When the JV was first agreed it was understood Statoil would begin to operate 50% of the venture at some point. [Read more…]

Talisman Energy Shopping For Eagle Ford Buyers

The Company Could Sell 74,000 Acres And ~30,000 boe/d
Talisman Eagle Ford Map

Talisman Eagle Ford Map | Click to Enlarge

Talisman Energy has retained the Royal Bank of Canada to determine if buyers are interested in the company’s Eagle Ford acreage.

Talisman previously announced plans to divest $2-3 billion in non-core assets. The Eagle Ford is a core holding, but there are hopes the company could get as much as $2 billion for its 74,000 acres and 30,000 boe/d (2013 guidance). [Read more…]

Double Eagle Pipeline Moving Eagle Ford Condensate to Corpus Christi

Condensate Moving From Three Rivers To Magellan's Corpus Christi Terminal
Double Eagle Pipeline - Eagle Ford Condensate System

Double Eagle Pipeline – Eagle Ford Condensate System | Click to Enlarge

Double Eagle Pipeline, LLC, a joint venture between Kinder Morgan and Magellan Midstream, has started moving condensate to Corpus Christi.

The pipeline is part of a project that was started by Copano and Magellan, but is operated by Kinder Morgan who purchased Copano earlier in 2013. [Read more…]

OTC Sheds Light On New Technologies

Statoil Showcased A Remote Welding Device That Can Tie Into Live Pipe
OTC Awards Banquet

OTC Awards Banquet | Courtesy Barchfeld Photography

The Offshore Technology Conference (OTC) has really outgrown its name. While the name indicates an offshore focus, you’ll find companies who service the oil & gas industry in all walks on and off shore. [Read more…]

Regency – Talisman – Statoil Plan $150 Million Expansion of Eagle Ford Gathering Assets

$150 Million Expansion is Supported by Partners Talisman and Statoil
Regency Energy Partners Eagle Ford Map

Regency Eagle Ford Gathering System Map

Regency Energy Partners announced a $150 million expansion of the company’s Edwards Lime Gathering Joint Venture. The Eagle Ford pipeline and midstream expansion will bring capacity of the company’s system up to 160 mmcfd of natural gas and 17,000 b/d of crude. Regency owns 60% of the joint venture and operates the assets. Talisman and Statoil own the remaining 40%.

Talisman and Statoil are supporting the expansion by dedicating production from their area of mutual interest. The expansion is supported through fee-based contracts and is scheduled for completion in the fourth quarter of 2012. [Read more…]

Talisman Energy Exits 2011 With 54 mmcfed of Eagle Ford Production

Talisman Energy exited 2011 producing more than 54 mmcfed. That’s up from just 8 mmcfed in the fourth quarter of 2010 and means total operated production is over 100 mmcfed.  Talisman operates a 50/50 JV with Statoil in the Eagle Ford.

Talisman operates 10 rigs in the play currently and has plans to ramp up to 14 rigs by the end of the year. The company has $500 million in spending planned for the Eagle Ford in 2012, which means the partnership will spend more than $1 billion developing acreage during the year. With $1 billion budgeted for the partnership, I expect the four additional rigs will be added in the later half of the year.  [Read more…]