Chesapeake Energy Corp., which has spent the last decade creating one of the largest natural gas drilling machines in the United States, quickly is becoming an onshore liquids dynamo, CEO Aubrey McClendon told financial analysts Tuesday.
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Noting the deals will help move closer to creating a national highway fueling network for natural gas vehicles (NGV), Clean Energy Fuels Corp. said that it has inked fuel supply deals with five trucking fleets that transport products for some of the nation’s largest and most well-known brands. The five will use compressed natural gas (CNG) and liquefied natural gas (LNG) supplied by Clean Energy from existing and new fueling stations for CNG and from Clean Energy stations serving LNG. Clean Energy said the trucking fleets are geographically diverse, but share a common goal of reducing their fuel costs and operating more cleanly. The companies are: Saddle Creek Logistics Services, Lakeland, FL; Premier Transportation, Atlanta, GA; Hoopes Turf Farm, Transportation Division, Ulysses, PA; Lily Transportation , Needham, MA; and Lancaster Foods, Jessup, MD.
Kinder Wraps $38B El Paso Deal; ‘Bullish’ on Gas Future
Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan Inc. (KMI) on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.
Kinder Morgan Completes $38B El Paso Mega-Acquisition
Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.
Kinder Wraps $38B El Paso Deal; ‘Bullish’ on Gas Future
Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.
NGL Energy, High Sierra Groups to Merge in $693M Deal
Propane player NGL Energy Partners LP announced Monday that it has signed merger agreements with two High Sierra (HSE) entities, creating a diversified company through a cash and stock deal valued at $693 million, less assumed net debt.
Senate Proposes Its Version of NAT GAS Act
A U.S. Senate version of the House proposal for creating more use of natural gas in transportation was unveiled on Tuesday as an alternative means of expanding tax credits for gas infrastructure and vehicles, according to a trio of senators sponsoring the New Alternative Transportation to Give Americans Solutions Act of 2011 (NAT GAS Act).
Quicksilver Turns to Barnett MLP to Raise Cash
Liquidity-hungry Quicksilver Resources Inc. is creating a master limited partnership (MLP) with a portion of its Barnett Shale assets, the Fort Worth-based producer said Wednesday. Proceeds from an initial offering would be used to retire debt.
Shippers Dispute Columbia Claims of Marcellus Imbalance
The abundance of gas coming out of the Marcellus Shale is contributing to a situation on Columbia Gas Transmission that is pinching the pipeline’s storage operations in northern Ohio and creating oversupply on the western portion of its system, according to a recent rate adjustment filing at FERC. However, a group of the pipeline’s customers claim that difficulties Columbia is having balancing gas on its system are its own fault.
Columbia Gas Transmission Northern Ohio Receipts Falling Short
The abundance of gas coming out of the Marcellus Shale is contributing to a situation on Columbia Gas Transmission that is pinching the pipeline’s storage operations in northern Ohio and creating oversupply on the western portion of its system, according to a recent rate adjustment filing at FERC.