Affiliate

Industry Brief

An affiliate of Chesapeake Energy Corp. is being sued by the U.S. government for failing to pay taxes in 2001 through 2003. Chesapeake Appalachia LLC is the successor company of Triana Energy Inc., which Chesapeake purchased in 2005 as part of a transaction with Columbia Natural Resources LLC. The deal gave Chesapeake entry into the relatively unexplored Marcellus Shale, with acreage in Pennsylvania, West Virginia, Ohio, New York and Kentucky. According to a complaint filed in U.S. District Court for the Southern District of West Virginia, the United States assessed taxes against Triana in 2001 through 2003 for a total of $431,988, which as of May 17 it “has failed, neglected or refused to pay” (U.S. District Court for the Southern District of West Virginia at Charleston, No. 2:13-cv-11988). Federal officials are seeking the tax assessment and statutory additions accrued.

June 10, 2013

Jordan Cove Seeks Nod for West Coast LNG Exports

Calgary-based Veresen Inc. last week said affiliate Jordan Cove Energy Project LP has filed an application with FERC to construct and operate a liquefied natural gas (LNG) export facility on the West Coast within the international Port of Coos Bay, OR.

May 27, 2013

Jordan Cove Seeks FERC Nod to Build West Coast LNG Export Facility

Calgary-based Veresen Inc. announced Wednesday that affiliate Jordan Cove Energy Project LP has filed an application with FERC to construct and operate a liquefied natural gas (LNG) export facility on the West Coast within the international Port of Coos Bay, OR.

May 23, 2013

Louisiana FLNG Project OK’d for Pre-Filing Process

FERC has approved the pre-filing request of CE FLNG LLC, an affiliate of Cambridge Energy Holding LLC, for a liquefaction facility to export liquefied natural gas (LNG) from a proposed floating production facility offshore Louisiana south of Plaquemines Parish.

April 19, 2013

New Fractionators to Handle Eagle Ford NGLs

LyondellBasell has contracted with TexStar MidStream Services LP for TexStar to install two natural gas liquids (NGL) fractionation units next to affiliate Equistar Chemicals LP’s Corpus Christi, TX, plant. The units will process NGLs from the Eagle Ford Shale.

April 15, 2013

Sabine Pass Makes Filing for Trains 5, 6

U.S. liquefied natural gas (LNG) export frontrunner Sabine Pass Liquefaction LLC, a Cheniere Energy Inc. affiliate, and associated companies are seeking FERC pre-filing review of an expansion of their LNG export terminal and associated pipeline on the Louisiana coast.

March 7, 2013

Gulfport Acquires More Acreage, Working Interest in Utica

For the third time in less than three months, Gulfport Energy Corp. and Windsor Ohio LLC, an affiliate of Wexford Capital LP, have agreed to make a transaction in the Utica Shale, this time for net acreage and a higher working interest (WI).

February 12, 2013

UGI, Tenaska to Develop Marcellus Gathering System

UGI Corp. has entered into agreements with Tenaska affiliate Tenaska Resources LLC to jointly develop natural gas resources in the Marcellus Shale in north-central Pennsylvania, the company said Monday.

January 16, 2013

Industry Brief

Enterprise Products Partners LP affiliate Panola Pipeline Co. LLC is holding a binding open season through Jan. 11 for a proposed expansion of the Carthage, TX, to Lufkin, TX, segment of its natural gas liquids (NGL) pipeline system. The Panola Pipeline runs 181 miles pipeline from a point near Carthage in Panola County and supports the Haynesville and Cotton Valley oil and gas production areas. It extends to points at Mont Belvieu in Chambers County, TX, enabling shippers to access the world’s largest NGL fractionation complex, including facilities owned and operated by Enterprise. The Panola expansion would be designed to accommodate about 15,000 b/d of incremental capacity, depending upon shipper interest, and would involve installing pumps and related equipment. The additional capacity would be available during the second quarter. For information, contact Chad Aldrich at (713) 381-6427 or cjaldrich@eprod.com.

December 28, 2012
‘Attractive Prices’ Lead Atlas to Add to Barnett Leasehold

‘Attractive Prices’ Lead Atlas to Add to Barnett Leasehold

Atlas Resource Partners LP (ARP) has picked up its third big leasehold this year in the Barnett Shale by agreeing to pay $255 million to DTE Energy Co. for an affiliate that owns close to 35 million boe of proved reserves in the Fort Worth Basin and in the Marble Falls, TX, area.

November 21, 2012
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