Shale, Midstream Deals Drive 2Q2011 Merger Activity

The desire to acquire shale acreage and midstream assets in the United States continues to be strong, with domestic natural gas and oil mergers and acquisitions (M&A) values reaching $39 billion in the second quarter, according to an analysis by PwC US.

August 11, 2011

‘World-Class’ Ethane Cracker Evaluated for Gulf Coast

A “world-class” ethane cracker and ethylene derivatives facility, fed by shale gas reserves, is being evaluated by Chevron Phillips Chemical Co. LP for siting in the Gulf Coast region.

March 29, 2011

Unocal Updates Third Quarter Estimates

Unocal re-evaluated its third quarter estimate yesterday toannounce that it expected earnings not to be 70 cents per share asannounced on July 27, but that its earnings would be between 90-95cents per share. The new expectation beats First Call/ThomsonFinancial’s consensus estimate of 79 cents by at least 11 cents.

October 6, 2000

Transportation Notes

Transwestern’s Bloomfield Compressor Station was hit bylightening at about 9 p.m. Sunday. The station is down, and damageis being evaluated. The outage affects 150,000 MMBtu/d.

August 3, 1999