Anadarko Colorado Impact: Anadarko Petroleum (APC) plans to shut- in 3,000 wells in the DJ Basin in response to a house fire that was within 200 feet of a well, which may have been the cause of the house fire that occurred on April 17th. APC’s decision to shut-in vertical production will reduce approximately 35 MMcf/d of gas production in the DJ Basin……..
STACKS on STACKS on STACKS: Tall Oak Midstream announced plans this week to build out additional gathering and processing assets in the STACK play…………
Building Bakken: In February, Hess Corp said it would increase Bakken rigs throughout 2017 from two to six. They again reiterated this guidance on their 1Q17 earnings call earlier this week……..
Throw Me a Bone Here: With all the acquisitions in the Permian there’s one that consistently sticks out. ONEOK’s $800 million acquisition of the Mesquite Pipeline and 80% share of West Texas LPG Pipeline (WTLPG) in December 2014 was meant to be their grand entrance into the fastest growing basin in the US………..
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