Agreement

Brazos Midstream Holdings LLC subsidiaries have purchased Callon Petroleum Co.’s natural gas gathering system in the Permian Basin of West Texas and signed a long-term, fee-based agreement with the producer for gathering and processing services.

FERC has agreed to waive capacity release regulations and related tariff provisions to help facilitate the sale of Talen Energy Marketing LLC’s retail and wholesale natural gas trading business to an affiliate of NJR Energy Services Co.

The Navajo Nation Council on Tuesday approved an agreement to continue operating the massive Navajo Generating Stations (NGS) in Arizona through 2019, after which the plant would be retired, another closure related to cheap natural gas supply.

Keeping a campaign pledge made during his successful run to the White House, President Trump on Thursday said the United States is withdrawing from the global climate agreement negotiated by close to 200 countries in late 2015.

President Trump was not moved by pressure from the largest oil and natural gas producers in the United States, announcing Thursday the country would pull out of the global climate agreement negotiated by close to 200 countries in late 2015.

More natural gas processing capacity and pipeline takeaway are underway in the Permian Basin under an infrastructure agreement between Crestwood Equity Partners LP and First Reserve.

An agreement announced Thursday between the United States and China to advance economic cooperation could have implications for liquefied natural gas (LNG) trade between the two countries.

Las Vegas, NV-based Fortem Resources Inc., a publicly traded holder of oil/natural gas properties in western Canada and Utah, has acquired a working interest and related leases in 165,000 acres in southeast Utah from Black Dragon LLC. The acreage is in the Moenkopi Formation in Carbon and Emery counties, adjoining the Grassy Trails oilfield, which has produced 731,000 bbls of crude from the Moenkopi. Fortem is obtaining Black Dragon’s 75% working interest in certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling up to 258 sections of land with an 80% revenue interest. Fortem and Black Dragon entered into and closed a membership interest purchase agreement, with Fortem acquiring all of Black Dragon’s interest.

The Sierra Club is asking FERC to wait until Michigan regulators rule on capacity commitments to the Nexus Gas Transmission pipeline before deciding on the project’s Natural Gas Act (NGA) certificate.