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Abraxas Petroleum Corp. and Blue Stone Oil & Gas LLC have signed a joint venture (JV) agreement to develop the Eagle Ford Shale play in South Texas. San Antonio-based Abraxas will contribute 8,333 net acres in the Eagle Ford to the JV — to be called Blue Eagle Energy LLC — and will receive a $25 million equity interest in the JV, while Denver-based Blue Stone will contribute $75 million in cash for a 75% equity interest. Blue Eagle Energy’s subject area will encompass 12 counties across the Eagle Ford Shale for expected future acreage acquisitions. Abraxas will operate the JV’s wells and Blue Stone will manage its day-to-day business affairs.

The Marcellus Shale could be a job-creation and economic development machine if natural gas producers are allowed to develop the huge play under appropriate regulatory and tax conditions, according to a new industry-backed study.

The Marcellus Shale could be a job-creation and economic development machine if natural gas producers are allowed to develop the huge play under appropriate regulatory and tax conditions, according to a new industry-backed study.

Kohlberg Kravis Roberts & Co. (KKR) agreed Monday to invest up to $400 million in Hilcorp Resources Inc., a newly formed partnership created to own and develop 100,000 net acres in the Eagle Ford Shale trend of South Texas leased by privately held Hilcorp Energy Co.

Whether Alaskans develop an in-state gasline to meet demand in the state’s Southcentral region with supplies from the gas-rich North Slope remains to be seen. Also uncertain is whether FERC would have jurisdiction over such a line as it may be used to transport some gas that would be liquefied for export to the Lower 48 and abroad.

Whether Alaskans develop an in-state gasline to meet demand in the state’s Southcentral region with supplies from the gas-rich North Slope remains to be seen. Also uncertain is whether FERC would have jurisdiction over such a line as it may be used to transport some gas that would be liquefied for export to the Lower 48 and abroad.

Whether Alaskans develop an in-state gasline to meet demand in the state’s Southcentral region with supplies from the gas-rich North Slope remains to be seen. Also uncertain is whether FERC would have jurisdiction over such a line as it may be used to transport some gas that would be liquefied for export to the Lower 48 and abroad.

Natural gas midstream operator Energy Transfer Partners LP (ETP) is partnering with a company that treats produced water to develop transportation and treatment solutions for discharged waters generated by hydraulic fracturing used to stimulate natural gas wells in the Marcellus and Haynesville shale plays.

Natural gas midstream operator Energy Transfer Partners LP (ETP) is partnering with a company that treats produced water to develop transportation and treatment solutions for discharged waters generated by hydraulic fracturing used to stimulate natural gas wells in the Marcellus and Haynesville shale plays.