Devon Energy Tiger Pipeline!

Devon Energy joins Chesapeake Energy in a natural gas transport deals Haynseville Shale. Devon Energy joins the Tiger Pipeline deal of Energy Transfer Partners L.P. (ETP) and Chesapeake Energy Corp. (CHK) announced today. The region in which natural gas is sought to be transport is from Haynseville Shale.

Says reports: “The Haynseville is one of several shale-rock formations scattered under various parts of the U.S. that contain enormous amounts of natural gas, but had until recently proven too technically difficult and expensive to exploit. Over the past couple of years, however, producers have drilled down, then horizontally through the dense rock, unlocking the gas within and fueling a boom in domestic U.S. gas production.

“…. Besides Chesapeake, Devon Energy Corp. (DVN), Petrohawk Energy Corp. (HK) and Plains Exploration & Production Co. (PXP) hold significant leases in the Haynesville shale.”

The Tiger Pipeline’s cost reportedly is $1 to $1.2 billion and will deliver 1.25 billion cubic feet of gas daily.


Source: news.lalate.com