Louis Dreyfus Highbridge Energy (LDH) has appointed William C. Reed II as co-chairman of its board of directors following the resignation of Jacques Veyrat. Reed is also CEO and president of LDH. Highbridge Capital Management co-founder Glenn Dubin will continue as co-chairman of LDH, the company said. In addition, Christopher Caperton, managing director and general counsel of the Louis Dreyfus Group, has been appointed to the LDH board of directors. Stamford, CT-based LDH is the merchant energy joint venture of the Louis Dreyfus Group and of the multi-strategy hedge fund of Highbridge Capital Management.
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Laser Expanding Marcellus Gathering System
Laser Northeast Gathering Company LLC broke ground on the New York portion of its proposed gathering system Wednesday and also announced a $60 million expansion of the Marcellus Shale midstream project.
July 15, 2011
Transportation Notes
Southern California Gas (SoCalGas) kept a high-linepack OFO in place through Sunday, then allowed it to expire Monday. SoCalGas also said it lost 100 MMcf/d of North Needles border delivery capacity Sunday for an undetermined amount of time when it declared a force majeure at the receipt point in order to replace a piston on the #1 unit.
July 6, 2011
Summary of Shale Study Expected in New York
Officials with the New York Department of Environmental Conservation (DEC) said they plan to make an announcement Friday on the status of the state’s long-awaited environmental impact study on horizontal drilling and hydraulic fracturing (fracking) in the Marcellus Shale.
July 1, 2011
Related Marcellus Pipe Expansions Get Environmental OK
FERC Thursday issued favorable environmental assessments of Tennessee Gas Pipeline’s and Dominion Transmission Inc.’s proposed system expansions to deliver Marcellus Shale gas to growing markets in New York and New England.
July 1, 2011
Alaska Utilities Seeking LNG Supply Solution
Between Alaska’s North Slope, where there is a lot of gas, and the Lower 48, where there also is a lot of gas, lies Alaska’s Southcentral region, where there is not so much. The region’s utilities comprise a group that believes the time is now to begin developing liquefied natural gas (LNG) import capability to head off a 2 Bcf supply shortfall projected to occur in 2014 and grow in the following years.
June 28, 2011
No Utility Status for Gathering Lines, Pennsylvania Lawmaker Says
A Pennsylvania lawmaker plans to introduce a bill soon that would prohibit gas gathering companies from becoming public utilities.
June 27, 2011
Marcellus Employment Growing in Pennsylvania
The Marcellus Shale industry is driving job growth in Pennsylvania, according to new government figures.
June 3, 2011
Regulators OK Sale of Norse Assets to Appalachian
Norway’s Norse Energy Corp. ASA said Monday it has received regulatory approval to sell two natural gas pipeline companies so that it can focus on exploration and production activities in the Marcellus Shale play in New York.
May 25, 2011
Enerplus Sells Portion of Marcellus Stakes for $575M
Calgary-based Enerplus Corp. is selling a portion of its Marcellus Shale interests in Pennsylvania, Maryland and West Virginia to an undisclosed buyer for US$575 million.
May 20, 2011
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