1Q2013

Chesapeake Energy Corp. on Friday agreed to sell an estimated 99,000 net acres in southwestern Pennsylvania, including 10 wells, to EQT Corp. for $113 million, which puts the sale price at roughly $876/acre.

Raymond James & Associates Inc. last week raised its 4Q2012 natural gas price assumptions by 75 cents and lifted the 2013 forecast by 50 cents, predicting 1Q2013 price “spikes to near $5.00/Mcf.”

Raymond James & Associates Inc. on Monday raised its 4Q2012 natural gas price assumptions by 75 cents and lifted the 2013 forecast by 50 cents, predicting 1Q2013 price “spikes to near $5.00/Mcf.”

Raymond James & Associates Inc. on Monday raised its 4Q2012 natural gas price assumptions by 75 cents and lifted the 2013 forecast by 50 cents, predicting 1Q2013 price “spikes to near $5.00/Mcf.”

Dallas-based Bridger Logistics LLC, a division of Bridger Group LLC, plans to join Midland, TX-based Advantage Pipeline LLC in developing its Pecos River Pipeline project, which will transport oil from the Delaware Basin to markets in the Gulf Coast and Midland. The pipeline will originate near Pecos, TX, and terminate in Crane, TX, where it will connect to the Longhorn Pipeline — owned by Magellan Midstream Partners LP — and Centurion Pipeline LP’s Crane Station. Once fully operational, the pipeline will have an initial capacity of 150,000 b/d and consist of more than 75 miles of trunkline. Bridger Transfer Services LLC will develop lateral extensions, gathering stations, origination stations and truck offloading facilities. The pipeline is scheduled to be operational by 1Q2013.