Adjoining

Chevron Corp. said it has reached agreements to acquire two adjoining parcels of land totaling 61 acres in Moon Township in the Pittsburgh metropolitan area as a potential site for its regional headquarters office campus.

Another study is under way to look at hydraulic fracturing (fracking) and increased seismic activity in an urban oilfield sitting in a hilly southwest residential portion of Los Angeles. The producer in the crosshairs of skeptics, Plains Exploration and Production Co. (PXP), is undaunted in its efforts to try to make increased drilling activity in a mostly residential area work, according to local news reports.

Teak Midstream LLC is building more than 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 MMcf/d cryogenic gas processing plant in South Texas to better serve producers operating in the Eagle Ford Shale, the Dallas-based company said.

Teak Midstream LLC is building more than 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 MMcf/d cryogenic gas processing plant in South Texas to better serve producers operating in the Eagle Ford Shale, the Dallas-based company said Tuesday.

Expanding its Gulf of Mexico exploration efforts sizably, McMoRan Exploration Co. has entered into a three to five year exploration agreement with an undisclosed private exploration and production company, which has committed to spend a minimum of $200 million of exploration funds.

Formed when one day’s high is lower than an adjoining day’s low,chart gaps are a technical feature that garner plenty of marketattention. And over the last two weeks, natural gas traders havedone just that; attempting to fill the more than dime void leftbetween the $2.305 low from Dec. 30 and the $2.20 high from Jan. 4.Each day since then, they have steadily chipped away at the gap bymaking higher highs in each of the last seven trading sessions.That set the stage last Friday. Would the futures market crumbleunder the weight of sagging holiday weekend demand, or continuehigher to plug the hole up to $2.305? That question was answeredsuccinctly Friday morning when buyers, armed with fresh weatherforecasts and propelled by stop-loss buying, bid the Februarycontract 7 cents higher to a $2.322 close.