A year-old, privately held California micro exploration and production (E&P) company founded by former senior executives from a predecessor Chevron Corp. company (Texaco), Pacific Energy Development Corp. (PEDCO), plans to merge with publicly held Houston-based energy services firm Blast Energy Services to form a new publicly held company headed by PEDCO CEO Frank Ingriselli.
chevron
Articles from chevron
West Virginians Pushing for Cracker Along Multiple Fronts
A new company has leased about 1,500 acres in the Kanawha Valley of West Virginia and hopes to find investors to raise $2 billion to develop an ethane cracker and other downstream facilities.
Range Lawsuit Status Uncertain as Cecil Township Amends Ordinances
Elected officials in Cecil Township, PA, voted unanimously on Monday to adopt changes to two of its ordinances governing Marcellus Shale development but are still waiting to hear if Range Resources Corp. will drop a lawsuit it filed against them in October over the changes.
Slow Down Drilling Pace, Says Marcellus Citizens Group
A coalition of conservancy and stakeholder groups critical of Pennsylvania’s natural gas drilling said Monday the state needs to slow the shale drilling pace to ensure that safeguards are in place to protect citizens.
Range Sues One Pennsylvania Township, Awaits Another’s Next Move
Range Resources Corp. has filed suit against a Pennsylvania township, alleging that the municipality violated state meetings law by not giving proper notice before making sweeping, prohibitive changes to its Marcellus Shale drilling ordinance.
Another Marcellus Tax Added to the Pennsylvania Heap
Proving the common saying that region trumps party in Pennsylvania politics, a pair of Republican state representatives are proposing a severance tax on natural gas production in the Marcellus Shale.
Range Challenges Township’s Marcellus Drilling Ban
In a challenge that could have repercussions in small towns across Pennsylvania’s Marcellus Shale, Range Resources on Tuesday filed an appeal of South Fayette Township’s ban on drilling in conservation areas and all residential zones, including suburban communities and rural farmland.
Westlake to Expand Ethylene Capacity
Westlake Chemical Corp. said Tuesday it would grow its ethane-based ethylene capacity by expanding a plant in Louisiana and possibly converting a second plant in Kentucky to ethane feedstock, part of the company’s plans to capitalize on new sources of cheap ethane and other light feedstocks.
BP Joins Peers to Develop Offshore Response System
BP plc said Monday it would join ExxonMobil Corp., Chevron Corp., ConocoPhillips and Royal Dutch Shell plc to develop a rapid-response system to capture and contain oil and natural gas in the event of a deepwater well blowout in the Gulf of Mexico (GOM).
Crosstex Builds Southern Louisiana NGL Business
Crosstex Energy Inc.’s partnership on Tuesday agreed to pay $10 million to acquire Chevron Corp.’s 60-mile natural gas liquids (NGL) Intracoastal Pipeline, in a move to expand the company’s operations in southern Louisiana.