Common

Industry Brief

Oilfield services provider Platinum Energy Solutions Inc. filed plans with the Securities and Exchange Commission to sell up to $300 million of common stock in an initial public offering. The Houston-based company, which specializes in hydraulic fracturing in unconventional oil and natural gas plays, coiled tubing and other pressure pumping services, has operations in Texas and northwestern Louisiana. Platinum’s “quintuplex” pumping units are capable of delivering up to 2,500 hydraulic horsepower with an 80% efficiency, according to the company. Platinum said it has applied to list its stock on the New York Stock Exchange under the ticker FRAC.

October 3, 2011

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.

September 26, 2011

Transportation Notes

After previously noting that Critical Days for storage would become more common through the end of injection season, Columbia Gas (TCO) said Friday the gas days of Saturday through Monday would be deemed as such Critical Days. Based on its injection capacity and on forecasted firm requirements, TCO projected that all available injection capacity would be required to meet firm service obligations, with no likelihood of interruptible services. Withdrawals were not impacted. AutoPAL (Park and Loan) service would not be available through the weekend, TCO said.

September 26, 2011

ConocoPhillips Adds Prospective Acreage to North American Portfolio

ConocoPhillips is securing thousands of acres in emerging resource plays across Canada and the United States as it readies to become a stand-alone explorer, a company executive said Wednesday.

July 28, 2011

Encore, Vanguard Buying Permian Assets

Encore Energy Partners LP (ENP) and its general partner, Vanguard Natural Resources LLC, each are acquiring a 50% stake in producing oil and gas assets in the Permian Basin from a private seller for a total price of $85 million.

June 27, 2011

Prices End Week Mixed and Mostly Near Flat

Price movement was approximately evenly mixed between small gains and small losses of up to nearly a dime either way. Flat quotes were common, and none of the changes up or down reached double digits. The increases tended to be concentrated in the Midcontinent and Rockies.

May 16, 2011

Ohio AG Urged to Investigate Bizarre ‘Talking Points’

Three Ohio legislators have asked the state’s attorney general to determine the source of a five-page document that, if authentic, could prove individuals connected to the energy industry are using deceptive practices to persuade property owners to sign oil and gas leases.

April 26, 2011

Most Points Up as Cold Spell Reasserts Influence

With snowfall in the north-central U.S. expected to continue at least into Saturday and forecasts of lows in the 30s being common from the Midwest through the Rockies, prices rebounded Friday at nearly all locations after mild softness a day earlier had interrupted last week’s overall gains. Thursday’s 7.1-cent screen advance provided additional support for cash pricing, and the usual weekend slump of industrial load apparently had little impact.

April 18, 2011

Kinder Morgan to Go Public This Week

Privately held Kinder Morgan Inc. will go public Friday (Feb. 11), raising as much as $2.3 billion by selling 80 million shares of common stock, the company said Thursday. In connection with the initial public offering (IPO), parent Kinder Morgan Holdco LLC will be renamed Kinder Morgan Inc. and converted from a Delaware limited liability company to a Delaware corporation.

February 7, 2011

Kinder Morgan to Go Public Feb. 11

Privately held Kinder Morgan Inc. will go public Feb. 11, raising as much as $2.3 billion by selling 80 million shares of common stock, the company said Thursday. In connection with the initial public offering (IPO), parent Kinder Morgan Holdco LLC will be converted from a Delaware limited liability company to a Delaware corporation.

February 4, 2011