Developer

SandRidge Energy Inc.’s revamped board of directors is making good on its promise to review the company’s strategy and costs — including a potential decrease in rig count — and allegations made against embattled CEO Tom Ward by hedge fund TPG-Axon Capital.

Royal Dutch Shell plc has given no indication that it might back out of plans to build a world-scale petrochemical complex in Pennsylvania, but a developer working on a smaller project in the Northeast thinks bigger isn’t always better.

Once a high-flying global merchant power plant developer/operator tied to one of the top U.S. energy holding companies, Edison Mission Energy (EME) crash landed Monday with a Chapter 11 bankruptcy filing.

Two Asia-focused investors — Temasek and RRJ Capital — have agreed to put $468 million into Cheniere Energy Inc., the liquefied natural gas (LNG) developer said Monday, adding that it would use the proceeds to support development of liquefaction and export capability at the Sabine Pass LNG facility in Louisiana (see Daily GPI, April 18).

RegScan, a developer of regulatory compliance products, and the Independent Petroleum Association of America (IPAA) have jointly come up with a system to help oil and natural gas operators comply with the different well stages in the Marcellus Shale basin.

The gas storage portion of East Cheyenne Gas Storage (ECGS) has begun commercial operations in northeast Colorado, according to Houston-based developer Merchant Energy Holdings LLC. The withdrawal capability of the 18.9 Bcf facility is scheduled to be in place during the first quarter.

A coal liquefaction plant that had been strongly opposed in southwestern Ohio has taken on new life after the developer agreed to use natural gas from the nearby Marcellus and Utica shales instead of coal in the production process.

GE Energy Financial Services has taken a stake in Summit Midstream Partners LLC, a developer of midstream energy infrastructure in unconventional North American basins. Financial details were not disclosed. GE Energy Financial Services’ current midstream equity and debt portfolio totals $2.4 billion. It has invested in a midstream master limited partnership, gas storage assets, a liquefied natural gas regasification terminal and 40,000 miles of gas pipelines. Summit Midstream’s assets include gathering, compression and dehydration facilities in the core of the Barnett Shale. It recently acquired South Piceance Basin assets in the Rockies from an Encana Corp. subsidiary (see Daily GPI, Oct. 12).

GE Energy Financial Services has taken a stake in Summit Midstream Partners LLC, a developer of midstream energy infrastructure in unconventional North American basins. Financial details were not disclosed. GE Energy Financial Services’ current midstream equity and debt portfolio totals $2.4 billion. It has invested in a midstream master limited partnership, gas storage assets, a liquefied natural gas regasification terminal and 40,000 miles of gas pipelines. Summit Midstream’s assets include gathering, compression and dehydration facilities in the core of the Barnett Shale. It recently acquired South Piceance Basin assets in the Rockies from an Encana Corp. subsidiary (see Daily GPI, Oct. 12).