Emerging

FERC Thursday approved Tallgrass Interstate Gas Transmission LLC’s (previously Kinder Morgan Interstate Gas Transmission LLC) proposal to sell a 432-mile mainline segment to affiliate Tallgrass Pony Express for the purpose of converting it to transport crude oil from the Bakken and Denver-Julesburg/Niobrara shales.

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.

In an attempt to make the process smoother for oil and gas companies applying for unitization in the emerging Utica Shale, the Ohio Department of Natural Resources (ODNR) has unveiled a series of new application requirements.

Century Midstream LLC, whose focus primarily will be to develop and expand emerging liquids plays across North America, was launched Wednesday by private equity energy firm First Reserve Corp. and a team of seasoned midstream veterans.

Newfield Exploration Co. is “right where we want to be toward execution of our 2013-2015 plan,” CEO Lee Boothby said Wednesday during an earnings conference call in which management talked of a “surge” in Eagle Ford Shale production and the rising prominence of the Cana-Woodford Shale in the company’s liquids-focused portfolio.

Devon Energy Corp. is increasing its oil-directed drilling this year across the Permian Basin and in the emerging Mississippian Lime as it continues its transition from a natural gas heavyweight, CEO John Richels said Tuesday.

Thirteen years after the 2000-01 energy market meltdown there are still parts of old legal and regulatory cases emerging in California that carry potentially multi-billion dollar consequences. Two cases emerged the first two weeks of April — one in the U.S. 9th Circuit Court of Appeals in San Francisco and other at California’s state regulatory commission in the same city.

“Headline” U.S. natural gas production continues to move higher, but signs of decline are emerging in some onshore plays, according to Barclays Capital energy analysts. Low gas prices also aren’t likely to encourage explorers this year, according to a Standard & Poor’s Ratings Services (S&P) analyst.

“Headline” U.S. natural gas production continues to move higher, but signs of decline are emerging in some onshore plays, according to Barclays Capital energy analysts.