Executives Expect Oilfield Services M&A to Increase

Mergers and acquisitions (M&A) within the oilfield services sector should pick up steam over the next one to two years, with most of the activity centered in North America, according to a survey by Ernst & Young.

August 31, 2012

Range to Enter Mediation with Pennsylvania Township

Range Resources Corp. and a shale-rich township in southwestern Pennsylvania will enter mediation to resolve their difficulties.

April 18, 2011

Transportation Notes

Northwest reported encountering numerous difficulties due to terrain conditions in the rerouting of its 22-inch diameter mainline near Boise, ID. As a result, the corresponding outage has been moved from Wednesday of this week to Nov. 18, and in an effort to reduce customer impacts, Northwest has also rescheduled a Lava Hot Springs Compressor Station engine exchange to Nov. 18-19. Anomaly investigations between the Cisco and Moab compressor stations are still under evaluation, the pipeline said. At this time Northwest does not anticipate any customer impacts related to this project but said that if this outlook should change, it will notify customers as soon as possible.

November 3, 2008

Transportation Notes

Citing operational difficulties, Dominion said it is currently unable to deliver gas to Columbia Gas via the Coronado Pipeline. Dominion pool operators must cut nominations on Coronado to zero effective Friday until further notice. Pool operators will be notified when normal deliveries can resume.

April 2, 2004

Transportation Notes

Due to unexpected operational difficulties, Dominion said early Friday it was unable to move shut-in gas onto the Equitrans system at the Copley and West Union meters that day as previously planned (see Daily GPI, Nov. 7). It is imperative that producers on the “wet” gathering system behind Dominion’s Hastings Extraction Plant in West Virginia, where an explosion and fire occurred Oct. 31, remain shut in until the gas is able to be transferred to Equitrans, Dominion said. Affected customers were urged to check the bulletin board regularly for further updates.

November 10, 2003

PricewaterhouseCoopers: Energy Trading Is in Turmoil But Here to Stay

The report warns that further difficulties could be on the horizon and many existing players may cease to have a viable independent future unless they adapt effectively to the changing market.

December 5, 2002