Seeing no increase in natural gas prices, Talisman Energy Inc. is closing in on liquids in 2012.
Closing
Articles from Closing
Lawmakers Weigh Extending New York Frack Ban Until 2013
As the final days for public comment over proposed rules governing high-volume hydraulic fracturing (fracking) tick away, legislators in the New York State Assembly have introduced a flurry of bills on the practice, including one to extend a moratorium on it until June 1, 2013.
Permit, Leasing Activity Increasing in Ohio’s Utica Shale
The number of permits for horizontal natural gas wells in Ohio’s portion of the Utica and Point Pleasant was on the rise in the closing months of 2011, according to the state’s Department of Natural Resources (DNR).
Devon, Sinopec Partner in Five U.S. Unconventional Plays
A unit of China’s Sinopec Group on Tuesday agreed to invest $2.2 billion to acquire a one-third interest in five of Devon Energy Corp.’s frontier unconventional oil and gas fields.
New York Comptroller: More Accident Protections Needed
New York State Comptroller Thomas DiNapoli is urging the Department of Environmental Conservation (DEC) to adopt his proposal for an industry-funded program that would help pay for possible damages attributed to development in the Marcellus Shale.
New York Asks Firm to Analyze Fracking Impact, Again
Responding to complaints that its findings were biased in favor of drilling, a consulting firm that studied the socioeconomic impact of hydraulic fracturing (fracking) in New York has been asked to go back and do more research.
Industry Brief
Quicksilver Resources Inc. has priced a public offering of 6,967,844 units of BreitBurn Energy Partners LP. The units are offered at $16.52 each. Closing is expected to occur on or about Dec. 5. Analysts at Tudor, Pickering, Holt & Co. said the move was expected as part of Quicksilver’s liquidity plan (see Daily GPI, Oct. 21) and a “smart move to take advantage of an open equity/capital markets window.” Underwriters have been granted a 30-day option to purchase up to 1,045,177 additional units from Quicksilver to cover over allotments.
AltaGas to Pay C$230M for Pacific Northern Gas
AltaGas Ltd. has agreed to buy Vancouver-based Pacific Northern Gas Ltd. (PNG) for C$36.75/share (approximately C$230 million), a 20% premium based on the C$30.50 Oct. 28 closing price for PNG shares, the Calgary-based company said.
AltaGas to Pay C$230M for Pacific Northern Gas
AltaGas Ltd. has agreed to buy Vancouver-based Pacific Northern Gas Ltd. (PNG) for C$36.75/share (approximately C$230 million), a 20% premium based on the C$30.50 Oct. 28 closing price for PNG shares, the Calgary-based company said Monday.
Industry Largely Backs New York Fracking Report
The natural gas industry said it was largely supportive of the New York Department of Environmental Conservation’s (DEC) final draft report on the environmental impacts of hydraulic fracturing (fracking).