Fort Worth, TX-based Quicksilver Resources Inc. has entered into a confidentiality agreement with a group of investors that includes Quicksilver CEO Glenn Darden, Chairman Thomas Darden and the Darden family-controlled Quicksilver Energy LP. The group may seek to take Quicksilver private.
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East Texas Storage Facility Enters Initial Operation
The first cavern at the Golden Triangle Storage facility near Beaumont, TX, has entered initial commercial operations, AGL Resources said Thursday. Full commercial service of about 6 Bcf of working capacity is expected to begin after dewatering in December.
First Cavern at Mississippi Storage Project Enters Service
Sempra Energy unit Sempra Pipelines & Storage said the first of two caverns at its Mississippi Hub gas storage facility has entered service.
Bulls Throw in the Towel; September Knocks on $4 Door
September natural gas futures entered its final week of trading on a soft note, as traders suggested the market may move somewhat lower before numerous holders of short positions begin to cover and prompt an eventual market rally.
Helmerich & Payne Building More Onshore Rigs
Helmerich & Payne Inc. (H&P) has entered into agreements to build and operate seven of its trademark FlexRigs, which would be built for U.S. onshore use by four producers under multi-year contracts.
Crosstex Adding Barnett Shale Capacity
Crosstex Energy LP has entered into a 10-year firm transportation agreement with a major Barnett Shale gas producer for an additional 50 MMcf/d on its North Texas gathering system, the partnership said Monday.
California Energy Unit, Treasurer Set Alternate Fuel Financing
The California Energy Commission (CEC) and state Treasurer’s Office announced Tuesday they have entered a first-of-its-kind interagency agreement to allow the state to offer financing programs for three alternative fuel and transportation projects. Funding is coming from the CEC’s Alternative and Renewable Fuel and Vehicle Technology Program.
California Energy Unit, Treasurer Set Alternate Fuel Financing
The California Energy Commission (CEC) and state Treasurer’s Office announced Tuesday they have entered a first-of-its-kind interagency agreement to allow the state to offer financing programs for three alternative fuel and transportation projects. Funding is coming from the CEC’s Alternative and Renewable Fuel and Vehicle Technology Program.
Noble Energy to Pay $4.2M to Settle FERC Violations
FERC’s Office of Enforcement has entered into a stipulation and consent agreement requiring Noble Energy Inc. to pay nearly $4.2 million in civil penalties and disgorged profits to settle violations of the agency’s shipper-must-have-title (SMHT) requirements, buy-sell arrangements and competitive bidding rules for long-term, discounted rate capacity releases.
Noble Energy to Pay $4.2M to Settle FERC Violations
FERC’s Office of Enforcement has entered into a stipulation and consent agreement requiring Noble Energy Inc. to pay nearly $4.2 million in civil penalties and disgorged profits to settle violations of the agency’s shipper-must-have-title (SMHT) requirements, buy-sell arrangements and competitive bidding rules for long-term, discounted rate capacity releases.