Dallas-based Pioneer Natural Resources Corp. on Thursday agreed to sell almost half of its Eagle Ford Shale interests to India’s Reliance Industries Ltd. in a transaction valued at around $1.36 billion.
Dallas
Articles from Dallas
India’s Reliance Enters Eagle Ford Shale
Dallas-based Pioneer Natural Resources Corp. on Thursday agreed to sell almost half of its Eagle Ford Shale interests to India’s Reliance Industries Ltd. for $1.15 billion.
Pipeline Explosion Kills Three in North Texas
Three were killed in a natural gas pipeline explosion near Cleburne, TX, in Johnson County in North Texas, Dallas-Fort Worth TV station WFAA reported Monday afternoon.
Industry Briefs
Dallas-based Energy Transfer Equity LP (ETE), the owner of the general partner of Energy Transfer Partners LP (ETP), agreed to acquire the general partner of Regency Energy Partners LP for close to $300 million. ETE would use preferred units to acquire the full stake in Regency’s general partner from an affiliate of GE Energy Financial Services, a unit of General Electric. Under the terms of the transaction agreements, ETP is to transfer a 49.9% interest in Midcontinent Express Pipeline LLC (MEP) to ETE in exchange for the redemption of 12.3 million ETP units. ETE then would exchange the interest in MEP with Regency for 26.3 million new Regency common units. Once completed, ETE would own about 22% of Regency’s outstanding common units and 28% of ETP’s outstanding common units. Kinder Morgan Energy Partners would retain its half stake in MEP.
Energy Transfer to Acquire Regency Energy Partners for $300M
Dallas-based Energy Transfer Equity LP (ETE), the owner of the general partner of Energy Transfer Partners LP (ETP), Tuesday agreed to acquire the general partner of Regency Energy Partners LP for close to $300 million.
Industry Brief
The American Gas Association (AGA) Wednesday announced that the “World Shale Gas Summit” will take place on Nov. 3-5 at the Gaylord Texan Resort in the Dallas, TX, metro area. Organized by the CWC Group and hosted by AGA and the International Gas Union, the summit will bring together shale resource holders, governments regulators, operators, technology companies and pipeline and distribution firms from around the world — North America, Europe, Argentina, South Africa, India and China — to share knowledge, form partnerships and promote the development of shale gas. For information on exhibiting at or registering for the summit, go to www.worldshalegas.org.
Industry Brief
The American Gas Association (AGA) Wednesday announced that the “World Shale Gas Summit” will take place on Nov. 3-5 at the Gaylord Texan Resort in the Dallas, TX, metro area. Organized by the CWC Group and hosted by AGA and the International Gas Union, the summit will bring together shale resource holders, governments regulators, operators, technology companies and pipeline and distribution firms from around the world — North America, Europe, Argentina, South Africa, India and China — to share knowledge, form partnerships and promote the development of shale gas. For information on exhibiting at or registering for the summit, go to www.worldshalegas.org.
Industry Brief
A new compressed natural gas (CNG) fueling center is slated for Dallas/Fort Worth International Airport (DFW) to fuel 46 rental car shuttle buses at the international airport. DFW announced Monday that it had awarded a 10-year contract to Seal Beach, CA-based Clean Energy Fuels Corp. to supply the CNG, something it already does at DFW. The final contract is in process of completion. The new Clean Energy Rental Car Center CNG station is slated to open in May, providing 24/7 fueling services to CNG vehicles operating at the airport and in surrounding communities. When the fleet is fully deployed, it is anticipated that the station will dispense more than 500,000 gallons per year. In a related action, DFW also awarded an extension of Clean Energy’s existing contract to maintain and supply the airport’s existing on-site CNG station until June 2020. The station fuels the airport’s terminal buses and operations fleets. It also fuels private fleets, including door-to-door shuttle vans and taxi cabs that were recently granted front-of-the-line privileges for using CNG. The station dispenses more than two million gallons annually. James Harger, Clean Energy Chief Marketing Officer and Senior Vice President, said, “The new rental car center station contract, along with the airport’s decision to extend the term of our current fueling services agreement, grows our ongoing partnership with DFW, where we have been providing natural gas services since 2001.
Industry Brief
A new compressed natural gas (CNG) fueling center is slated for Dallas/Fort Worth International Airport (DFW) to fuel 46 rental car shuttle buses at the international airport. DFW announced Monday that it had awarded a 10-year contract to Seal Beach, CA-based Clean Energy Fuels Corp. to supply the CNG, something it already does at DFW. The final contract is in process of completion. The new Clean Energy Rental Car Center CNG station is slated to open in May, providing 24/7 fueling services to CNG vehicles operating at the airport and in surrounding communities. When the fleet is fully deployed, it is anticipated that the station will dispense more than 500,000 gallons per year. In a related action, DFW also awarded an extension of Clean Energy’s existing contract to maintain and supply the airport’s existing on-site CNG station until June 2020. The station fuels the airport’s terminal buses and operations fleets. It also fuels private fleets, including door-to-door shuttle vans and taxi cabs that were recently granted front-of-the-line privileges for using CNG. The station dispenses more than two million gallons annually. James Harger, Clean Energy Chief Marketing Officer and Senior Vice President, said, “The new rental car center station contract, along with the airport’s decision to extend the term of our current fueling services agreement, grows our ongoing partnership with DFW, where we have been providing natural gas services since 2001.
Texas Air Regulators Give Barnett Shale Complaints High Priority
The Texas Commission on Environmental Quality (TCEQ) said on-site investigations related to complaints to the Dallas/Fort Worth regional office, which oversees the Barnett Shale’s air quality, are to be given an “immediate response priority” within 12 hours of receiving a complaint.