October natural gas is expected to open 5 cents lower Monday morning at $3.63 as traders assess a soft fundamental outlook and tropical threats diminish. Overnight oil markets plunged.
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McClendon’s New E&P Said to Be Buying Onshore Leaseholds
Risk-taker and rule-breaker Aubrey McClendon, who co-founded Chesapeake Energy Corp. and then retired on April 1, appears to be making a comeback in the U.S. exploration and production (E&P) arena, with one of his start-ups apparently buying one or two leaseholds in the Utica Shale, sources toldNGI.

McClendon’s E&P Readying Comeback in U.S. Onshore
Aubrey McClendon hasn’t taken long to gallop back in the U.S. onshore unconventional drilling business, if analysts are to be believed.
SandRidge Sells Permian Portfolio for $2.6B
SandRidge Energy Inc. on Wednesday agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.

Black Warrior Coalbed Methane Properties on Market
Constellation Energy Partners LLC (CEP) said Monday it’s looking for a buyer for its natural gas-heavy Black Warrior Basin properties in Tuscaloosa County, AL.
Atlas Sees Market Ripe for Conventional Buys
Atlas Energy LP will benefit from a buyer’s market for conventional assets when it launches its new master limited partnership (MLP), Atlas Resource Partners LP, CEO Edward Cohen told financial analysts last week.
Atlas Sees Market Ripe for Conventional Buys
Atlas Energy LP will benefit from a buyer’s market for conventional assets when it launches its new master limited partnership (MLP), Atlas Resource Partners LP, CEO Edward Cohen told financial analysts Tuesday.
Williams Exec: Marcellus ‘Tough’ Place to Build Infrastructure
Marcellus Shale production is strong and activity is high, but because it’s a “tough environment to construct in,” Williams plans to reduce its capital spending in the play through the rest of this year, an executive said Tuesday.
KOGAS Gains Piece of Cordova Embayment Gas Project
South Korea’s state-run Korea Gas Corp. (KOGAS), the world’s largest liquefied natural gas (LNG) buyer, is joining the Cordova Embayment natural gas project in British Columbia.
Legend Natural Gas Enters Barnett with Range Assets
Legend Natural Gas IV LP stepped forward Thursday as the buyer of Range Resources Corp. Barnett Shale assets. Legend said it had struck two deals totaling $1 billion, one of them with Range in the Barnett of North Texas.