Expectation

NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.

In Montana in a “forgotten corner of the Williston Basin,” a Texas company is gathering up acreage with the expectation that it can turn what some call the False Bakken into a true gem. And if that doesn’t work, northeast Montana has more to offer in and near the Bakken Petroleum System.

In Montana in a “forgotten corner of the Williston Basin,” a Texas company is gathering up acreage with the expectation that it can turn what some call the False Bakken into a true gem. And if that doesn’t work, northeast Montana has more to offer in and near the Bakken Petroleum System.

Kinder Morgan Inc. (KMI) and El Paso Corp. have agreed to a friendly, $38 billion buyout of the latter that KMI CEO Richard D. Kinder said is largely predicated on the growing role of natural gas in North America’s energy supply picture, thanks in large part to production from shale gas plays around the continent.

With an expectation of “strong” natural gas liquids (NGL) and olefin margins in its U.S. and Canadian midstream businesses, Williams last week increased its earnings guidance by 11% for 2011 and 2012.

With an expectation of “strong” natural gas liquids (NGL) and olefin margins in its U.S. and Canadian midstream businesses, Williams late Wednesday increased its earnings guidance by 11% for 2011 and 2012.

The North American midstream energy sector has a positive outlook over the next 12-18 months based on an expectation that fundamental credit conditions in the industry will improve, Moody’s Investors Service analysts said Thursday.

The North American midstream energy sector has a positive outlook over the next 12-18 months based on an expectation that fundamental credit conditions in the industry will improve, Moody’s Investors Service analysts said Thursday.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.