Agreed

Chesapeake Energy Corp. has agreed to supply all of the natural gas supplies over a 10-year period required for Methanex Corp.’s 1 million metric ton/year methanol plant, set to begin operations in late 2014 in Geismar, LA.

For the fourth time, the U.S. Environmental Protection Agency (EPA) has extended the public comment period for its investigation into groundwater contamination near Pavillion, WY, this time until Sept. 30.

Summit Investments has agreed to acquire Bear Tracker Energy LLC for $513 million from affiliates of GSO Capital Partners LP and Bear Tracker Investments LLC. Midstream company Bear Tracker is focused on oil and natural gas in North Dakota and Colorado.

An interim study committee in the South Dakota state legislature has agreed to pursue as many as eight different bills this year covering oil and natural drilling, including one aimed at hydraulic fracturing (fracking).

An interim study committee in the South Dakota state legislature has agreed to pursue as many as eight different bills this year covering oil and natural drilling, including one aimed at hydraulic fracturing (fracking).

Sempra Energy’s U.S. power and gas unit has agreed to sell half of its natural gas-fired 1,250 MW Mesquite Power Plant in Arizona to Phoenix-based Salt River Project (SRP) for $371 million. The agreement, which also includes a half-interest in infrastructure shared by the two 625 MW units at Mesquite, requires approval by the Federal Energy Regulatory Commission and other agencies. San Diego-based Sempra said it expects all the approvals will be received in the first quarter. SRP’s board earlier this year approved its acquisition of a 100% interest in one of Mesquite’s 625 MW units. Sempra U.S. Gas and Power CEO Jeffrey Martin said the sale helps Sempra fulfill its goal of “reducing exposure to the merchant power market, while also allowing us to put greater emphasis on growing our Southeast natural gas portfolio.”

ConocoPhillips has entered into an agreement with China Petrochemical Corp., a state-owned company also known as Sinopec Group, to perform a study of unconventional oil and natural gas resources in China’s Sichuan Basin.

SandRidge Energy Inc. last week agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.

SandRidge Energy Inc. on Wednesday agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.