Shale and other unconventional resource plays are getting their own information clearinghouse at the University at Buffalo (UB) College of Arts and Sciences geology department
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Articles from Clearinghouse
Murkowski: Is DOE Looking for Fracking ‘Smoking Gun?’
The intent of continued research by the Department of Energy (DOE) into hydraulic fracturing (fracking) is “can we help drive the technology development forward,” Energy Secretary Steven Chu told a Senate committee Thursday.
Industry Briefs
ExxonMobil Corp. subsidiary XTO Energy Corp. is selling some operated and nonoperated assets in the Gulf of Mexico Shelf, according to the Oil & Gas Asset Clearinghouse, the transaction adviser. Projected net production in August 2011 for the package of assets is 30 MMcf/d of natural gas and 4,200 b/d of oil, with cash flow of $13 million (90% operated). The blocks to be sold include 154 producing wells and 74 platforms at Main Pass/Breton Sound/South Pass; South Marsh Island/Vermilion; East and West Cameron; Eugene Island; Ship Shoal; and High Island. Operators also include Apache Corp. and Eni U.S. Operating Co. Inc. The data room opens May 10, with bids due June 2. Contact Heather Adamson at hadamson@ogclearinghouse.com or (832) 601-7679; or Verna Ray at vray@ogclearinghouse.com or (832) 601-7662.
Dynegy’s Sale of Midstream NGL Business Could Bring $3B
Dynegy Inc., which started life as the Natural Gas Clearinghouse in the 1980s, would cut the cord on its last tie to the natural gas business with its proposed sale of its extensive midstream natural gas liquids (NGL) asset and marketing network, a move that analysts say could bring in as much as $3 billion. The Houston-based company put its NGL business on the market with an announcement last week.
Dynegy’s Sale of Midstream NGL Business Could Bring in $3B
Dynegy, which started life as the Natural Gas Clearinghouse in the 1980s, would cut the cord on its last tie to the natural gas business with its proposed sale of its extensive midstream natural gas liquids (NGL) asset and marketing network, a move that analysts say could bring in as much as $3 billion. The Houston-based company put its NGL business on the market with an announcement Monday.
Oil, Gas Execs Form Security Clearinghouse
Amid a heightened state of alert, executives from 11 major oil and natural gas corporations met last Thursday outside of Washington, DC, to form an information sharing and analysis center (ISAC) to address industry- and company-specific security risks and threats.
Oil, Gas Execs to Meet to Form Security Clearinghouse
Amid a heightened state of alert, executives from 11 major oil and natural gas corporations will meet Thursday outside of Washington, DC, to form what will be known as an information sharing and analysis center (ISAC) to address industry- and company-specific security risks and threats.
NGC’s Capacity Posting Described as ‘Hollow’ Gesture
Natural Gas Clearinghouse’s (NGC) decision earlier this month topost 40% of its San Juan-to-California capacity on El Paso NaturalGas for release appeared “at first blush” to be a “magnanimousgesture” on the marketer’s part, but it was far from that, said anenergy consultant.
Protests of El Paso-NGC Agreement All ‘Smoke,’ NGC Says
Many of the “incendiary” allegations arising from Natural GasClearinghouse’s (NGC) acquisition of 1.3 Bcf/d of firmtransportation capacity from El Paso Natural Gas – that thecontracted amount far exceeded NGC’s market needs, that NGC hasacquired monopoly control over pipeline capacity into California,that California border prices have shot up as a result, and thatthe contracts contain a “covenant” whereby NGC and El Paso haveagreed not to compete – have generated a lot of smoke, but no realfire, the Houston-based gas marketer says.
Industry Furor over El Paso-NGC Contracts Heats Up
Natural Gas Clearinghouse’s (NGC) controversial transportationcontracts for 1.3 Bcf/d with El Paso Natural Gas came under fireagain last week as producers and marketers hammered away at thealleged anticompetitive nature of the firm agreements.