Deal

To deal with growing midstream activity in western Oklahoma and the emerging Mississippi Lime, SemGroup Corp., Gavilon Midstream Energy LLC and an affiliate of Chesapeake Energy Corp. plan to construct a 210-mile crude oil pipeline to carry supplies to a 1 million bbl storage facility in Cushing, OK.

The cost to Pacific Gas and Electric Co. (PG&E) shareholders to deal with the aftermath of the deadly San Bruno natural gas pipeline rupture and explosion in September 2010 is approaching $1.5 billion, senior executives at the utility said Thursday, during a week in which city officials lashed out at the utility and the city of San Francisco sued federal pipeline regulators.

The cost to Pacific Gas and Electric Co. (PG&E) shareholders to deal with the aftermath of the deadly San Bruno natural gas pipeline rupture and explosion in September 2010 is approaching $1.5 billion, senior executives at the utility said Thursday.

Apache Corp. on Thursday disclosed “encouraging” results from an exploratory drilling program in the emerging Whittenburg Basin in the Texas Panhandle, where five of six initial vertical tests were completed as “oil producers” in the Canyon Wash interval.

Pennsylvania state lawmakers have apparently reached a deal for the impact fee they hope to impose on natural gas drilling by splitting the difference between two competing proposals.

Pennsylvania lawmakers have apparently reached a deal on an impact fee to impose on unconventional natural gas wells that would split the revenue 60% to local governments and 40% to the state, and toughen drilling restrictions, but leave control of those rules primarily in state hands.

Kinder Morgan Inc.’s (KMI) analyst day Wednesday drew the largest crowd CEO Rich Kinder said he’s ever seen at the event. Perhaps it was because of “some little acquisition we’ve been working on” (El Paso Corp.), he suggested. Even with lawyers keeping executives mostly mum on that item, shale gas and natural gas liquids (NGL) made for plenty to talk about.

MarkWest Energy Partners LP has closed on its acquisition of partner The Energy and Minerals Group’s (EMG) 49% stake in MarkWest Liberty Midstream & Resources LLC.

Enterprise Products Partners LP (EPP) and Enbridge Inc. will hold concurrent open seasons Jan. 4-Feb. 10 to solicit capacity commitments from shippers for an expansion of their Seaway crude oil pipeline and an extension of the pipeline into the Port Arthur/Beaumont refining market in southeast Texas, the companies said.