Announcing

With an outside rescue yet to materialize, SemGroup LP, which filed for bankruptcy in July after announcing $3.2 billion in trading losses, said last week its management is committed to maximizing recoveries for creditors and equity holders, as required by the bankruptcy code.

With an outside rescue yet to materialize, SemGroup LP, which filed for bankruptcy in July after announcing $3.2 billion in trading losses, said Wednesday its management is committed to maximizing recoveries for creditors and equity holders, as required by the bankruptcy code.

Oklahoma City-based GMX Resources Inc. Monday followed cross-town independent Chesapeake Energy Corp. in announcing plans to drastically reduce capital expenditures (capex) in 2009. The junior independent, considered a pure-play gas producer that has earned success in the emerging Haynesville Shale and Bossier Sands of Louisiana and East Texas, plans to cut its projected spending by 45%.

Westport, CT-based NGS Energy LP added to its portfolio of merchant natural gas storage facilities in the Gulf Coast, announcing last Friday that it obtained FERC approval for its Leaf River Energy Center LLC in Mississippi.

Just one year after announcing its support of the ConfirmHub standard — the energy and environmental industry initiative to provide a central, standardized platform for transaction confirmation delivery — Nymex Holdings Inc., the parent company of the New York Mercantile Exchange Inc., has joined interdealer brokers GFI, ICAP Energy and Tullett Prebon as a 25% stakeholder in ConfirmHub LLC, it said Tuesday.

Just one year after announcing its support of the ConfirmHub standard — the energy and environmental industry initiative to provide a central, standardized platform for transaction confirmation delivery — Nymex Holdings Inc., the parent company of the New York Mercantile Exchange Inc., has joined interdealer brokers GFI, ICAP Energy and Tullett Prebon as a 25% stakeholder in ConfirmHub LLC, it said Tuesday.

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

Forest Oil Corp. is stepping up its game, announcing it has discovered natural gas in the Utica Shale in Quebec where it has accumulated 269,000 net acres. In addition, the Denver-based independent will pay $285 million to nearly double its position in the East Texas/North Louisiana area.