Agreement

WGL Midstream has struck a deal to sell up to 430,000 Dth/d of natural gas to GAIL Global (USA) LNG LLC (GGULL) for 20 years. The gas is to be liquefied and exported from the Dominion Cove Point LNG terminal, where GAIL holds capacity, to supply markets in India.

A bipartisan group of Colorado lawmakers urged U.S. Interior Secretary Sally Jewell this week to sign off on an agreement that would end a decade-long dispute over natural gas leasing on the Roan Plateau, a settlement worked out between the energy industry and conservation groups.

ExxonMobil Corp. and Petroleos Mexicanos (Pemex) on Thursday signed a three-year memorandum of understanding (MOU) that precedes the opening of Mexico’s oil and gas industry to foreign investment.

Houston-based Stratex Oil & Gas Holdings Inc. has entered a joint development agreement and established an area of mutual interest (AMI) in the Mississippian Lime (ML) of Kansas with privately-held Eagle Oil & Gas Co., marking another entrant into the nascent play.

With energy reform taking effect in Mexico, two state-owned energy entities have filed a joint petition with FERC, asking it to grant temporary waivers of its capacity release regulations and tariff provisions so the two can reorganize their U.S. natural gas procurement process.

Halliburton Co. has reached a tentative $1.1 billion settlement with a majority of plaintiffs involved in the 2010 Macondo well blowout in the Gulf of Mexico.

Calgary-based Pembina Pipeline Corp. reached out Tuesday for an expanded role in the natural gas liquids (NGL) trade between Canada, the United States and overseas markets with a US$1.15 billion package of deals.

Argentina’s state-controlled YPF SA has reached an agreement valued at $550 million with Malaysia’s national oil and gas company, Petronas, for the development of shale oil and gas resources in the Vaca Muerta formation, in Argentina’s Neuquen province, YPF said Thursday.

May natural gas is expected to open a penny lower Friday morning at $4.64 as traders consolidate gains from Thursday and expect a typical soft end-of-week trading in the physical market. Overnight oil markets were mixed.