As the supermajor gets back to business in the Gulf of Mexico (GOM) deepwater, one of its core areas, BP plc executives are hopeful that they can complete “in a few days” the $7.8 billion settlement tentatively reached last month with thousands of individuals and businesses that were impacted by the April 2010 Macondo well blowout, Chairman Carl-Henric Svanberg said Thursday at the company’s annual meeting.
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Equal Takes Atlas as Partner in Mississippian Lime
Atlas Resource Partners LP (ARP) has entered into a joint venture (JV) agreement with subsidiaries of Canada’s Equal Energy Ltd. in the core area of the Mississippian Lime, a formation in Oklahoma and Kansas rich in oil and natural gas liquids (NGL).
TransCanada Touts Mainline Loyalists
A core of customers is staying loyal to TransCanada Corp.’s troubled natural gas Mainline from Alberta to Ontario, Quebec, and border crossings into the United States, the beleaguered transporter said.
TransCanada Touts Mainline Loyalists
A core of customers is staying loyal to TransCanada Corp.’s troubled natural gas Mainline from Alberta to Ontario, Quebec, and border crossings into the United States, the beleaguered transporter said.
Crestwood CEO: Shales the Right Place for a Midstream MLP
Crestwood Midstream Partners LP is a bit of an anomaly in the midstream sector as it is focused exclusively on shale plays, CEO Robert Phillips told financial analysts Tuesday. It’s the only partnership that does so, save for the much larger Chesapeake Midstream Partners, he said.
Comstock to Pay $332.7M for Delaware Basin Acreage
Comstock Resources Inc. has established a new core area in the Delaware Basin in West Texas, agreeing to pay Eagle Oil & Gas Co. $332.7 million for approximately 68,000 gross (44,000 net) acres in Reeves County, TX, the Frisco, TX-based company said. The deal is expected to close by the end of this month.
Talisman Favoring Eagle Ford Over Marcellus
Believing natural gas and oil prices will stay at their current levels “for a while,” Talisman Energy Inc. could shift money from the Marcellus and Montney shales to the Eagle Ford Shale next year as its focuses on liquid-rich plays, CEO John Manzoni said Wednesday.
EPA, DOI, DOE Each Studying New Fracking Rules
How many U.S. government agencies does it take to frack a well?
Wyoming Reports on Fracking Chemical Monitoring
Under a state regulatory process established a little more than a year ago for hydraulic fracturing (fracking), Wyoming has determined that trade secret compounds involving 146 separate chemicals, but not the chemicals themselves, have been granted confidentiality by the state Oil and Gas Conservation Commission (OGCC).
Noble, CONSOL Partner in Marcellus
Noble Energy Inc. on Thursday added the Marcellus Shale to its core U.S. holdings after securing a $3.4 billion deal with CONSOL Energy Inc. that gives it half of a 663,350 net-acre leasehold in Pennsylvania and West Virginia, including existing wells and midstream infrastructure.