Agreements

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.

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.

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.

East Tennessee Natural Gas (ETNG) pipeline has executed agreements with Eastman Chemical Co. to provide an additional 86 MMcf/d of firm gas transportation capacity for 25 years to Eastman’s Kingsport, TN, facility. The projects have a combined capital cost of about $120 million and include modifying existing ETNG facilities and building a new 6.4-mile pipeline extension. Coupled with Eastman’s current contracts, ETNG will provide 121 MMcf/d of firm capacity to the Kingsport facility when the projects are completed. The first project, for service of 25 MMcf/d, is expected to begin in November. The Kingsport Expansion Project, to provide 61 MMcf/d, is expected to be in service during the first quarter of 2015. The projects are subject to board and regulatory approvals. ETNG is a unit of Spectra Energy Corp. and Spectra Energy Partners LP.

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.

SM Energy said Wednesday that next year it will spend 90% of its planned drilling and completions budget of $1.2 billion on its Eagle Ford, Bakken/Three Forks and Permian Basin programs.

Crosstex Energy LP is proceeding with Phase II of its Cajun-Sibon natural gas liquids (NGL) pipeline extension and fractionator expansion in Louisiana.

Chimera Energy Corp., which had seen its stock price increase substantially this summer based on its claims of a deal with Mexico’s state-owned petroleum company, has since lost both its CEO and almost all of its stock value in the wake of concerns about the accuracy of many of the company’s statements.

Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.