Ends

The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will have infrastructure and established business relationships at both ends of the midstream value chain, company executives said Monday.

The North Dakota legislature is considering legislation that would impact exploration and production (E&P) companies, including offering incentives to eliminate natural gas flaring at the wellhead.

Elected officials in the Town of Chenango, NY, voted 3-2 to reject a moratorium on local ordinances that, if enacted, would have delayed permitting for oil and natural gas activities, including hydraulic fracturing (fracking), within the Broome County town’s limits.

The 2012 Atlantic Hurricane season, which officially ends Friday, produced 19 named storms, including 10 hurricanes, one of them major (Category 3 or higher). It continued a decades-long high-activity era in the Atlantic Basin, according to the National Oceanic and Atmospheric Administration (NOAA).

NuStar Energy LP is buying Eagle Ford Shale crude oil pipeline, gathering and storage, and natural gas liquids (NGL) assets for $425 million from TexStar Midstream Services LP. The deal is part of NuStar’s transition to a fee-based pipeline and storage business and away from margin-based refining and marketing.

Low prices have made dry gas from shales a producers’ problem and an end-user’s dream. But interests at both ends of the market do agree that the right gas price — the equilibrium price — would make shale gas a boon for the country.

Low prices have made dry gas from shales a producers’ problem and an end-user’s dream. But interests at both ends of the market do agree that the right gas price — the equilibrium price — would make shale gas a boon for the country.

FERC Thursday approved a request of Equitrans LP, a subsidiary of Pittsburgh-based EQT Corp., to place into service the remaining facilities of a new pipeline in Pennsylvania and West Virginia that will provide additional takeaway capacity for Marcellus Shale gas producers.

ConocoPhillips will say goodbye to the ranks of Big Oil and move to the top of the North America’s pure-play explorers list at the end of this month, with a U.S. focus on liquids-rich opportunities, the incoming CEO said Monday.