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Released December 13, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
ONEOK Announces Completion of Elk Creek NGL Pipeline - ONEOK (NYSE:OKE) announced that its 900-mile Elk Creek natural gas liquids (NGL) pipeline has been completed. Elk Creek has the capacity to transport up to 240,000 barrels per day of unfractionated NGLs. (Projects 300423143, 300497988, 300423164, 300412024) (PR Newswire)
PRODUCTION
U.S. Holds Most Successful Alaska Oil, Gas Auction in 13 Years - The U.S. held its most successful Alaska oil and gas lease sale in more than a decade, officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres in the National Petroleum Reserve of Alaska, according to Ted Murphy, Alaska associate state director for the U.S. Bureau of Land Management. It stands as the state's biggest sale in terms of dollars since 2006. (Reuters)
Chevron Authorizes Anchor Project in Gulf of Mexico - Chevron (NYSE:CVX) said Thursday it will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion. The Anchor project will drill wells at 5,000 feet of depth. (Projects 300526683, 300526684, 300501792) (Houston Chronicle)
CORPORATE
Continental Resources CEO Steps Down - Harold Hamm is stepping down as chief executive officer of Continental Resources (NYSE:CLR) and will become executive chairman of the shale-oil producer. Board member William Berry will take over as CEO at the start of next year. (Houston Chronicle)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PIPELINES
ONEOK Announces Completion of Elk Creek NGL Pipeline - ONEOK (NYSE:OKE) announced that its 900-mile Elk Creek natural gas liquids (NGL) pipeline has been completed. Elk Creek has the capacity to transport up to 240,000 barrels per day of unfractionated NGLs. (Projects 300423143, 300497988, 300423164, 300412024) (PR Newswire)
PRODUCTION
U.S. Holds Most Successful Alaska Oil, Gas Auction in 13 Years - The U.S. held its most successful Alaska oil and gas lease sale in more than a decade, officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres in the National Petroleum Reserve of Alaska, according to Ted Murphy, Alaska associate state director for the U.S. Bureau of Land Management. It stands as the state's biggest sale in terms of dollars since 2006. (Reuters)
Chevron Authorizes Anchor Project in Gulf of Mexico - Chevron (NYSE:CVX) said Thursday it will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion. The Anchor project will drill wells at 5,000 feet of depth. (Projects 300526683, 300526684, 300501792) (Houston Chronicle)
CORPORATE
Continental Resources CEO Steps Down - Harold Hamm is stepping down as chief executive officer of Continental Resources (NYSE:CLR) and will become executive chairman of the shale-oil producer. Board member William Berry will take over as CEO at the start of next year. (Houston Chronicle)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
