Douglas

Tallgrass to Acquire Natural Gas Gathering System in PRB

Tallgrass to Acquire Natural Gas Gathering System in PRB

Tallgrass Energy Partners LP affiliate Tallgrass Midstream LLC agreed Wednesday to purchase the Douglas natural gas gathering system in Wyoming’s Powder River Basin (PRB) from DCP Midstream in a deal valued at $128 million.

May 18, 2017

New JV Expanding Powder River Rail Terminal

Inergy Midstream LP and Enserco Midstream LLC have formed a joint venture to own and operate a crude oil rail terminal in Douglas County, WY. They expect to expand the facility to take advantage of growing production from the Niobrara formation.

September 6, 2013

Chesapeake’s New Boss An Anadarko Veteran

Robert Douglas Lawler, 46, one of Anadarko Petroleum Corp.’s top exploration and production (E&P) executives, last week was tapped to be CEO and president of Chesapeake Energy Corp.

July 29, 2013

Exco Still Shopping After $1B Deal

Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp., CEO Douglas Miller said last week. There are plenty of deals, and financing is available, he told analysts following the company.

July 15, 2013

People

Robert Douglas Lawler, tapped to be CEO of Chesapeake Energy Corp. beginning June 17, will earn more than co-founder and predecessor Aubrey McClendon, according to a Securities and Exchange Commission (SEC) filing (see Daily GPI, May 21). The compensation package for the first year of employment has the potential to total at least $22 million, if Lawler hits his bonus targets, the SEC Form 8-K indicated. Base salary is set at $1.25 million a year, with a cash bonus of at least $800,000 the first year, a cash signing bonus of $2 million, and shares and options worth $18 million. About $7.5 million of the shares and options are to be paid over the next five years. If Lawler stays for five years, he is to receive another $5 million. About $12.5 million of the share awards are to compensate for losses in pensions and benefits for leaving Anadarko Petroleum Corp. By comparison, McClendon earned a base salary of $975,000 in 2012, with total remuneration of $16.9 million, according to company documents. However, McClendon also earns, and will continue to earn through June 2014, up to 2.5% in profits on wells that the company drills.

May 28, 2013
Chesapeake Taps Anadarko Veteran to Succeed McClendon

Chesapeake Taps Anadarko Veteran to Succeed McClendon

Robert Douglas Lawler, 46, one of Anadarko Petroleum Corp.’s top exploration and production (E&P) executives, on Monday was named the new CEO of Chesapeake Energy Corp.

May 21, 2013

Anadarko’s Lawler to Lead Chesapeake

Anadarko Petroleum Corp. executive Robert Douglas Lawler, 46, was tapped Monday to helm Chesapeake Energy Corp., bringing with him a wealth of exploration and production (E&P) experience when he takes over as CEO on June 17.

May 21, 2013
Canada Looking to BC Shale Drilling for LNG Exports

Canada Looking to BC Shale Drilling for LNG Exports

Canadian political leaders are refusing to let project delays and shaky markets lower high expectations for rapid development of liquefied natural gas (LNG) exports from shale drilling in northern British Columbia (BC).

January 29, 2013

Industry Brief

A recently combined and publicly held exploration and development company, Salt Lake City-based Richfield Oil and Gas Co., announced a purchase in the Graham Reservoir oilfield in Uinta County, WY. Richfield bought a shut-in well in the Wasatch National Forest (Well #16-15) from Frontier Energy for $610,000, including 640 acres of mineral leases. The company said the purchase gives it 100% working interest in a mineral lease in the Graham Reservoir, located approximately 120 miles northeast of Salt Lake City in southeastern Wyoming. The well has been shut in since 2003 and was completed in the Dakota Formation at 15,600 feet. Flow testing and production operations will get underway later in the first quarter. For Richfield, which is the product of the merger of Hewitt Petroleum Inc. and Freedom Oil & Gas Inc. in 2011, the acquisition is part of the process of “methodically building our reserve and production base” through graded acquisitions,” said CEO Douglas Hewitt.

January 16, 2013

Tallgrass Closes $1.8B Deal for Kinder Midstream Assets

Tallgrass Energy Partners LP has closed on a previously announced deal to buy Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Co., Kinder Morgan Energy Partners LP’s (KMP) Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and KMP’s 50% interest in the Rockies Express Pipeline (REX), Tallgrass said Tuesday.

November 14, 2012
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