Expects

KMP to Deliver Eagle Ford Crude, Condensate to Phillips 66 Refinery

Kinder Morgan Energy Partners LP (KMP) and Phillips 66 on Thursday announced an agreement for Kinder Morgan to transport Eagle Ford crude and condensate to Phillips 66’s Sweeny Refinery in Brazoria County, TX, which will necessitate the construction of a $90 million, 27-mile, 12-inch diameter lateral pipeline to extend its Kinder Morgan Crude Condensate (KMCC) pipeline, along with related infrastructure.

August 24, 2012

Deloitte: Cheap Gas Puts Some Companies in Play

Low natural gas prices have created a buying opportunity among dry gas-directed companies for larger players whose pockets are lined with oil dollars, according to consultancy Deloitte. And in the midstream, mergers and acquisitions (M&A) will be propelled by a consolidation trend among master limited partnerships (MLP), according to a midyear report on M&A activity.

August 13, 2012

PwC: Low Gas Prices Contributing to Reduced Utility M&A Activity

The company said it expects a pick-up in merger and acquisition activity on the regulated side in the second half, as well as more activity on the unregulated power side due to continued low natural gas prices.

August 7, 2012

Encana Selling Chunks of Liquids Leaseholds to Aid Development

Encana Corp. plans to continue to keep its eye on the “highest-return plays” in North America, which for the near term means more liquids and oil development and no natural gas drilling, CEO Randy Eresman said Wednesday.

July 27, 2012

Range’s Marcellus Reserves May Hold 24-30 Tcf, Says CEO

Range Resources Corp. CEO Jeff Ventura said Wednesday the company’s Marcellus Shale leasehold may have the long-term potential for 24-30 Tcf of reserves.

July 26, 2012

Davy Jones Flow Test Scheduled in Days

McMoRan Exploration Co., whose upstream spending has been eaten up by exploration activity in the shallow waters of the Gulf of Mexico (GOM), expects commercial production from the highly touted Davy Jones natural gas prospect to be in motion later this month.

July 23, 2012

Kinder-BP Ink Eagle Ford Condensate Deal

Kinder Morgan Energy Partners LP (KMP) and BP North America struck agreements for KMP to provide BP with condensate processing services and storage at Kinder Morgan’s terminals on the Houston Ship Channel.

July 23, 2012

Fitch: Low Gas Prices Spell Trouble for Independent Power

Noting the continuing downward spiral of forward natural gas prices during the past four years, Fitch Ratings said it expects continued weakness in gas prices to spell potential trouble for many U.S. independent electricity generators. Fitch on Thursday released a report on U.S. power markets and generators.

July 23, 2012

Nabors: One-Two Punch from Pressure Pumping, Costs Hurt 2Q

Nabors Industries Ltd., North America’s largest onshore drilling contractor, expects operating results in the second quarter to fall below Wall Street expectations, primarily because of a slump in pressure pumping services and higher operations costs. To improve efficiencies, the company plans to consolidate its U.S. well servicing and pressure pumping operations.

July 18, 2012

Davy Jones Flow Test Set for Late July

McMoRan Exploration Co., whose upstream spending has been eaten up by exploration activity in the shallow waters of the Gulf of Mexico (GOM), now expects commercial production from the highly touted Davy Jones natural gas prospect to be in motion late this month.

July 18, 2012