Disclosed

Chesapeake Midstream Partners LP on Tuesday said it would launch an initial public offering (IPO) to raise up to $425 million. Timing of the launch was not disclosed.

Newfield Exploration Co. and Hess Corp. launched plans to jointly explore 140,000 gross acres of the Marcellus Shale. Financial details were not disclosed; the terms of the transaction are dependent upon Newfield and Hess finalizing additional agreements over the next few weeks, the companies said. The equal partnership would cover acreage primarily in Susquehanna and Wayne counties, PA. Newfield, based in Houston, would operate the venture. Newfield entered the Woodford Shale in 2003 and assembled 165,000 net acres. To date the producer has drilled close to 300 horizontal wells; current gross operated production is about 300 MMcfe/d. Marcellus drilling is not expected to begin until 2010. Newfield said this year’s Marcellus Shale activities would be budgeted under its existing $1.45 billion capital expenditures.

Because FERC enforcement staff litigating charges against Energy Transfer Partners’ Oasis Pipeline LP disclosed to a third party the identity of a hotline caller that prompted an agency probe of the pipeline, Oasis last week called on an administrative law judge (ALJ) to waive privilege and confidentiality and require the disclosure of the caller’s name to the pipeline.

Because FERC enforcement staff litigating charges against Energy Transfer Partners’ Oasis Pipeline LP disclosed to a third party the identity of a hotline caller that prompted an agency probe of the pipeline, Oasis has called on an administrative law judge (ALJ) to waive privilege and confidentiality and require the disclosure of the caller’s name to the pipeline.

Chesapeake Energy Corp. disclosed late Friday that CEO Aubrey K. McClendon involuntarily had to sell “substantially all” of his shares in the company in the previous three days to meet margin loan calls. McClendon had held an estimated 33 million shares in the company.

Chesapeake Energy Corp. disclosed late Friday that CEO Aubrey K. McClendon involuntarily had to sell “substantially all” of his shares in the company in the previous three days to meet margin loan calls. McClendon had held an estimated 33 million shares in the company.

Sempra Energy disclosed Thursday that some power lines of subsidiary San Diego Gas & Electric (SDG&E) may have contributed to the major wildfires that destroyed parts of Southern California last month.

Sempra Energy disclosed last week that some of power lines of subsidiary San Diego Gas & Electric (SDG&E) may have contributed to the major wildfires that destroyed parts of Southern California last month.

Canada’s northern pipeline sponsors did not answer the big question raised by the project’s recent mammoth cost increase, but they earlier disclosed where to look for clues. Can the Mackenzie Gas Project (MGP) be built for its new price tag of C$16.2 billion (US$13.7 billion)?