Joe Fisher

Magnolia LNG LCC has struck a precedent agreement for pipeline capacity with Kinder Morgan Louisiana Pipeline LLC (KMLP) in support of its proposed natural gas liquefaction and export project in Lake Charles, LA.

Eagle Ford Shale activities will continue to power growth at Houston-based Carrizo Oil & Gas Inc. this year, management told analysts Tuesday, while the company remains “very encouraged” by its first well results in the Utica Shale in Ohio. One analyst suggested that Niobrara assets could be jettisoned with proceeds redeployed to South Texas.

Last weekend’s natural gas supply emergency that gripped parts of the Canadian province Manitoba, as well as Minnesota, Wisconsin and North Dakota, was coming to an end Tuesday as TransCanada Pipeline crews continued working to repair sections of a Mainline lateral that were damaged by an explosion Saturday.

An early Saturday morning explosion and fire on a lateral of the TransCanada Mainline in Manitoba left thousands without natural gas service amid freezing temperatures and prompted the closing of some schools in the region, according to pipeline notices and media reports.

Alaska Gov. Sean Parnell on Friday introduced legislation to advance the state’s Alaska liquefied natural gas (LNG) project, which would commercialize the state’s long-stranded North Slope gas.

Texoma Transportation & Crude Marketing LLC has acquired CP Energy, a crude oil purchasing, marketing and logistics company based in Edmond, OK. The move is intended to expand the company’s Midcontinent oil and gas footprint.

It is unlikely that the Obama administration will allow the wholesale export of U.S. crude oil, but there is more wiggle room under current law to allow for incremental and/or targeted export of domestic crude than many realize, an energy lawyer told a Houston audience.

Pioneer Natural Resources Co.’s fourth quarter production was dinged by about 6,000 boe/d due to severe winter weather in Texas that affected mainly the Permian Basin region. Operations are now back to normal, the company said Tuesday in a production update.

GE Oil & Gas is buying Cameron’s reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide.