Entity

ExxonMobil Still Global Energy’s Heavyweight Champ

ExxonMobil Corp. continues to reign supreme as the world’s top energy enterprise and has regained its title as the largest domestic publicly traded entity.

January 29, 2013

Laclede Buying Southern Union Utilities in $1B Deal

The Laclede Group Inc. is buying Southern Union Co.’s Missouri Gas Energy (MGE) and New England Gas Co. (NEG) utilities for $1.035 billion in cash and debt. Southern Union was purchased earlier this year by Energy Transfer Equity LP (ETE) an affiliate of Energy Transfer Partners LP (ETP), which focuses on the midstream.

December 24, 2012

Support Growing for Ohio Water District to Sell to Operators

Support is growing for the Muskingum Watershed Conservancy District (MWCD) — a state government entity that controls an 8,000-square mile watershed covering about one-fifth of the state — to sell water for natural gas drilling in the Marcellus and Utica shales, albeit on a temporary basis.

August 6, 2012

Ohio Water District Mulls Temporary Sales to Operators

Support is growing for the Muskingum Watershed Conservancy District (MWCD) — a state government entity that controls an 8,000-square mile watershed covering about one-fifth of the state — to sell water for natural gas drilling in the Marcellus and Utica shales, albeit on a temporary basis.

August 6, 2012

Chesapeake Completes Sale of Utica JV Shares

Chesapeake Energy Corp. has completed the sale of $750 million of perpetual preferred shares of its newly formed entity CHK Utica LLC, the Oklahoma City-based producer said Monday.

December 6, 2011

Industry Brief

Cheniere Energy Inc. has closed the sale of its 30% limited partner interest in Freeport LNG Development LP for net proceeds of approximately $104 million to ZHA FLNG Purchaser LLC, an entity formed by Zachry American Infrastructure LLC and Hastings Funds Management USA Inc. on behalf of institutional investors, Cheniere said. Net proceeds are to be used to pay down a portion of the $400 million, 9.75% term loan held by a Cheniere subsidiary, the company said (see Daily GPI, April 26). The transaction is in line with Cheniere’s strategy of improving its capital structure and reducing debt.

May 18, 2010

Clarification

In a story in Daily GPI’s Tuesday edition titled “GE Energy Expands Energy Ventures, Adds KMI Retail Assets,” the full name of the entity involved in the transactions is GE Energy Financial Services. It was referred to as “GE Energy” after the first paragraph, which is incorrect.

August 16, 2006

CA Natural Gas Studies Lining Up

With a new major entity in the state’s energy mix — a $5 billion power authority — California’s lineup of pending natural gas and electricity reports is growing, and two existing ones are getting more fine-tuning at the state’s energy commission. After the five-member California Energy Commission postponed adopting reports on electricity/natural gas “trends” and the state’s gas transmission/storage infrastructure, revised versions of those studies may be delayed until Sept. 19, according to energy commission sources.

September 10, 2001

A Michigan Mega-Merger: DTE to Buy MCN

In a move creating an entity that will challenge CMS EnergyCorp. for the title of Michigan’s largest gas and electric utility,DTE Energy Co. announced the purchase of MCN Energy Group yesterdayin a cash and stock transaction valued at $2.6 billion. Thecombined company will be headquartered in Detroit and named DTEEnergy Co. The merger is expected to be one of the speediest amongutilities, closing in six to nine months.

June 1, 2001

A Michigan Mega-Merger: DTE to Buy MCN

In a move creating an entity that will challenge CMS Energy Corp. for the title of Michigan’s largest gas and electric utility, DTE Energy Co. announced the purchase of MCN Energy Group last week in a cash and stock transaction valued at $2.6 billion. The combined company will be headquartered in Detroit and named DTE Energy Co. The merger is expected to be one of the speediest among utilities, closing in six to nine months.

October 11, 1999
‹ Previous 1 2