Dynegy Inc. announced Monday that its holding company and four additional subsidiaries have filed for Chapter 11 bankruptcy protection after reaching an agreement with its major investors, including billionaire Carl Icahn and Seneca Capital.
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Marathon Scouts More Eagle Ford Acreage
Marathon Oil Corp. CEO Clarence Cazalot said the company was close to acquiring additional acreage in the Eagle Ford Shale that would increase its position to more than 300,000 net acres by the end of 2011, with an exit rate of about 18,000 boe/d.
Appalachian Output Strong but Some Capacity Constrained
CONSOL Energy Inc.’s natural gas division said Thursday it produced a record 40.4 Bcf in 3Q2011, or nearly 13% more than the 35.8 Bcf produced in the year-ago period. Separately, Magnum Hunter Resources Corp. also reported strong results in Appalachia, but it said gas sales have been constrained because of “volume limitations” in some midstream infrastructure.
Horn River Basin’s Gas Holds Promise for Home and Away, Says Encana
Encana Corp. has close to 11.7 million net acres from which to pick and choose for development in North America’s onshore, but the Horn River Basin in British Columbia (BC) is drawing special attention, in part because of the promise it holds for natural gas demand in the oilsands, as well as promising liquefied natural gas (LNG) exports, company officials said Tuesday.
New York Issues Proposed Fracking Rules, Schedules Hearings
The New York Department of Environmental Conservation (DEC) has released a proposed rulemaking that would impose additional regulations on natural gas drillers using high-volume hydraulic fracturing (fracking) in the state, and has scheduled a series of hearings on the proposed rulemaking.
PDC Mountaineer Pays $152M for Ohio Marcellus Acreage
PDC Mountaineer (PDCM), a joint venture of Petroleum Development Corp. and Lime Rock Partners V LP, will pay $152.5 million to National Grid plc for Seneca-Upshur LLC, including the rights to an estimated 90,000 net acres in the Marcellus Shale in north central West Virginia, the company said Monday. Closing is scheduled for Monday (Oct. 3), with an effective date of July 1, 2011.
New York Issues Proposed Fracking Rules, Schedules Hearings
The New York Department of Environmental Conservation (DEC) has released a proposed rulemaking that would impose additional regulations on natural gas drillers using high-volume hydraulic fracturing (fracking) in the state, and has scheduled a series of hearings on the proposed rulemaking.
Stress-Corrosion Cracking Raises Concern in Canada
As a marathon hunt continues for cases of a Canadian pipeline plague, an additional effort aims to catch up with a U.S. method of easily and rapidly distributing hazard information.
Stress-Corrosion Cracking Raising Concern in Canada
As a marathon hunt continues for cases of a Canadian pipeline plague, an additional effort aims to catch up with a U.S. method of easily and rapidly distributing hazard information.
Takeaway Capacity from Granite Wash Offered
Southern Star Central Gas Pipeline Inc. is holding a nonbinding open season through Oct. 13 for additional firm transportation capacity from western Oklahoma and the Texas Panhandle to serve natural gas production from the Granite Wash.