Carthage gets Haynesville-Cotton Valley liquids play
Anadarko Petroleum Corp. said it has opened a liquids-rich play in the Carthage area of East Texas in the quarter ended Mar. 31.
The company said it has identified a net resource estimated at 300 million bbl of oil equivalent with more than 350 drillsites in the Haynesville shale and 100 in the Cotton Valley formation. The company plans to operate as many as eight rigs and drill 75 horizontal wells in 2012. It operated seven rigs in the first quarter.
Anadarko and MarkWest Energy Partners LP, Denver, in March concluded long-term gathering and processing agreements to support a 120-MMcfd expansion of MarkWest’s Carthage East cryogenic processing plant in Panola County, Texas. Expansion to 400 MMcfd is to start up in early 2013 (OGJ, Apr. 9, 2012, Newsletter).
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
