News
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Building Utica’s ‘Super System’
Midstream Business The rapidly developing Utica Shale has lacked midstream infrastructure. Two firms, Dominion Resources Inc. and Caiman Energy II LLC, formed a joint venture—Blue Racer Midstream—to create a “super system” serving producers throughout the play. Download the PDF below to read the interview with Chairman and CEO Jack Lafield
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Blue Racer supports Monroe County Sheriff’s K-9 team
Monroe County Beacon The Monroe County Sheriff’s Department will get a boost for its K-9 unit after receiving a $2,500 donation from Blue Racer Midstream and Caiman Energy II. The companies chose to fund the K-9 unit because it helps the entire community and also to show their support for the Sheriff Department’s efforts in…
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EIA forecast shows 1.667B Utica production increase
Columbus Business First Incremental upticks in Utica shale natural gas production will continue through the end of the year, according to the latest federal projections. Next month, the shale formation drilled mostly in eastern Ohio should produce 1.667 billion cubic feet of gas per day, up from the 1.581 billion for November, the U.S. Energy Information…
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Blue Racer Midstream, LLC Announces Pricing of $550 Million Upsized Offering of Senior Notes
DALLAS, November 7, 2014—Blue Racer Midstream, LLC (“Blue Racer” or the “Company”) and its wholly owned subsidiary Blue Racer Finance Corp. today announced the pricing of its previously announced offering of senior notes due 2022 (the “senior notes”). The offering size was increased to $550 million in aggregate principal amount from $400 million. The senior…
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Blue Racer Midstream, LLC Announces $400 Million Offering of Senior Notes
DALLAS – Nov. 3, 2014 – Blue Racer Midstream, LLC (“Blue Racer” or the “Company”) and its wholly owned subsidiary Blue Racer Finance Corp. announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of…
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Berne processing complex opening in Monroe County
Columbus Business First The Berne processing complex in Monroe County, which has the capacity to hold three plants each processing 200 million cubic feet per day of natural gas, is almost ready to open. Follow the link below to read the full article. BizJournals.com
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Dallas Business Journal Names Stephen Arata Energy CFO of the Year
Caiman Energy DALLAS, TX – Caiman Energy II, LLC (“Caiman II”) is pleased to announce that Stephen Arata, has been named Dallas Energy CFO of the Year by an independent panel of judges selected by the Dallas Business Journal. Arata serves as executive vice president, chief financial officer (CFO) and a director of Caiman II.…
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Utica Shale Q2 gas production up fivefold from year ago: state data
Platts Natural gas production from Ohio’s Utica Shale rose fivefold in the past year, according to data form the Ohio Department of Natural Resources. Based on reports from gas drillers, the Utica was producing close to 1 Bcf/d at the end of the second quarter, up from 165,550 Mcf/d at the same point in 2013.…
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Utica shale expected to produce 1.5B cubic feet per day of natural gas in October
Columbus Business First Production estimates for September are 1.39 billion cubic feet per day, according to the latest monthly report from the U.S. Energy Information Administration. In October, production should nudge the Utica shale, anchored in Ohio, to almost 1.5 billion cubic feet per day. Follow the link below to read the full article BizJournals.com
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Growth of Utica production per rig outpaces other shale plays
U.S. Energy Information Administration EIA’s preliminary estimate for July 2014 natural gas production in Utica is about 1 billion cubic feet per day (Bcfd). Production data indicate that natural gas production growth from the Utica is on par with the growth in natural gas production in the Eagle Ford Shale in Texas, when comparing the…