Clinched

Chesapeake Energy Corp. on Monday clinched a trio of separate oil and natural gas transactions in unconventional fields are to give it total proceeds of $2.6 billion.

Chesapeake Energy Corp. on Monday clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash.

El Paso Corp., which at the end of last week clinched a blockbuster deal to sell its exploration unit, on Monday said fourth quarter profits more than doubled. The natural gas pipeline franchise also reported a solid performance, lifted by rising volumes from the Marcellus Shale.

Noble Energy Inc. and CONSOL Energy Inc. have clinched their joint venture agreement to develop a swath of Marcellus Shale properties in southwest Pennsylvania and northwest West Virginia, the companies said Monday.

A subsidiary of natural gas giant Encana Corp. last week clinched a deal to be the sole fuel supplier to a California-based water company that will use trucks powered with liquefied natural gas (LNG) to service Haynesville Shale producers.

The oil and natural gas industry clinched a crucial victory last Tuesday when the Senate by a wide margin passed legislation that paves the way for future leasing in the eastern Gulf of Mexico. However, the legislative battle is far from over. The Senate and House are now tasked with the responsibility of reconciling two vastly different offshore leasing bills — a feat some believe will test the mettle of even the best Capitol Hill negotiators.

The oil and natural gas industry clinched a crucial victory Tuesday when the Senate by a wide margin passed legislation that paves the way for future leasing in the eastern Gulf of Mexico. However, the legislative battle is far from over. The Senate and House are now tasked with the responsibility of reconciling two vastly different offshore leasing bills — a feat some believe will test the mettle of even the best Capitol Hill negotiators.

Kinder Morgan Texas Pipeline (KMTP) has clinched a deal to become the primary natural gas transporter for Calpine in the Texas Gulf Coast and Ship Channel markets under a 10-year, natural gas transportation and storage agreement. The deal gives Calpine access to up to 375,000 MMBtu/d of firm natural gas transportation service for a decade beginning Jan. 1, 2001.

Kinder Morgan Texas Pipeline (KMTP) has clinched a deal tobecome the primary natural gas transporter for Calpine in the TexasGulf Coast and Ship Channel markets under a 10-year, natural gastransportation and storage agreement. The deal gives Calpine accessto up to 375,000 MMBtu/d of firm natural gas transportation servicefor a decade beginning Jan. 1, 2001.