Two Lower 48 midstream heavyweights are set to join forces in a $7.1 billion, all-equity merger between Energy Transfer LP and Crestwood Equity Partners LP. The transaction, expected to close in the fourth quarter, would see Energy Transfer acquire Crestwood’s multi-basin natural gas, natural gas liquids (NGL) and crude oil infrastructure portfolio, and assume $3.3…
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April NatGas Production Up on Marcellus, Niobrara, Says EIA
The Marcellus Shale is still powering natural gas production increases, as reported by the Energy Information Administration (EIA), even though the agency continues to lump main Marcellus state Pennsylvania into the “other” category in its monthly production report.
New York Fracking Foes Suffer Election Day Defeat
Most of the candidates who ran for office in New York on a platform opposed to hydraulic fracturing (fracking) were soundly defeated at the polls on Tuesday, but it was unclear if Republicans would maintain control of the state Senate with two races too close to call.
These Artists Don’t Like Fracking
She was blamed by many for breaking up The Beatles, and what John Lennon’s widow Yoko Ono and his son Sean Lennon are trying to do to hydraulic fracturing (fracking) won’t endear her to oil and gas producers either.
Pennsylvania’s Marcellus Output Soars
Operators reported record-breaking production from the Marcellus Shale in 2011, producing more than 1 Tcf from the Pennsylvania portion of the play, according to Pennsylvania Department of Environmental Protection (DEP) data.
Pennsylvania Portion of Marcellus Production Jumps 41% in Late 2011
Individual operators reported record-breaking production from the Marcellus Shale in 2011, producing more than 1 Tcf from the Pennsylvania portion of the play, according to new Pennsylvania Department of Environmental Protection (DEP) data.
Author: Anti-Fracking Din Drowns Out Good News
If the only newspaper you read is The New York Times, you could be forgiven for thinking that all the news about hydraulic fracturing (fracking) is bad. Still, the good news about fracking — energy security, economic development and jobs — is often drowned out by environmental worries, former commodities trader, analyst, energy author and New Yorker Raymond Learsy told NGI’s Shale Daily.
Factors Seen in Place for Market Advance; November Gains
November natural gas advanced Tuesday as traders suggest that the market is close to breaking out of its current directionless malaise and move higher. At the close November had gained 5.4 cents to $3.658 and December was up by 5.8 cents to $3.852. December crude oil gained $1.90 to $93.17/bbl.
Producers Mindful of Water in Drought-Ravaged Texas
The record-breaking drought gripping Texas has the state’s reservoir/aquifer managers eyeing water levels and issuing warnings. But lower water reserves apparently have not seriously affected oil and gas activities in the state, at least not yet.
Producers Mindful of Water in Drought-Ravaged Texas
The record-breaking drought gripping Texas has the state’s reservoir/aquifer managers eyeing water levels and issuing warnings. But lower water reserves apparently have not seriously affected oil and gas activities in the state, at least not yet.