Expands

With the sage grouse population apparently declining as quickly as coalbed methane (CBM) development expands in the Powder River Basin, the Bureau of Land Management (BLM) office in Wyoming is attempting a friendly chicken dance with the region’s oil and natural gas operators, indicating that applications for permits to drill outside the delicate habitat will be given priority.

The story, “Constellation E&P Expands CBM Holdings in the Cherokee Basin,” which was published on July 16, indicated that Constellation Energy Partners (CEP) had agreed to buy AMVEST Osage Inc. from the Osage Indian Nation. However, AMVEST Osage is a subsidiary of AMVEST Corp., a privately held corporation. As part of the transaction, CEP obtained a 13-year exclusive concession agreement from the Osage Indian Nation for coalbed methane and shale rights on 560,000 net contiguous acres. NGI regrets the error.

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.

Berry Petroleum Co. announced two transactions last week that are designed to increase the independent’s exploration and production efforts in the Rocky Mountains.

Houston-based Southwestern Energy Co., which focuses its oil and natural gas activities in the United States, on Thursday said it would spend up to $352.7 million, or 24% more, in 2005 for capital investments than it expects to spend this year. The budget includes up to $339 million for exploration and production (E&P) and $13.7 million to improve utility systems.

Houston-based Southwestern Energy Co., which focuses its oil and natural gas activities in the United States, on Thursday said it would spend up to $352.7 million, or 24% more, in 2005 for capital investments than it expects to spend this year. The budget includes up to $339 million for exploration and production (E&P) and $13.7 million to improve utility systems.

Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.

Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.

Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.