Omaha-based Tenaska this week said it has completed $780 million of financing for the Westmoreland Generating Station, a 925 MW natural gas-fired power plant to be located in Southwest Pennsylvania.
Financing
Articles from Financing
Financing Confirmed, Freeport LNG Is a Go
With debt and equity financing of about $11 billion confirmed, the first two trains of the Freeport LNG natural gas liquefaction and export facility on Quintana Island near Freeport, TX, are cleared for construction, Freeport LNG Expansion LP said Tuesday.
U.S. LNG Terminal Development Gathers Pace
Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) terminal in Texas is nearing completion to become the first operational terminal of its kind in the Lower 48. Dominion has begun turning dirt for its Cove Point LNG export project in Maryland, and Freeport LNG has secured financing for the first train at its terminal planned for Quintana Island in Texas.
Cabot Stepping On the Gas in the Marcellus
Thanks to the Marcellus Shale, Houston-based Cabot Oil & Gas Corp. recently completed the best quarter in its history on an operational and financial basis. The company is adding a sixth rig in the play as it anticipates multiple infrastructure projects to come online in the months ahead, increasing the ability to get its gas to markets.
Gastar Sharpens Hunton Limestone Focus with Sale
Gastar Exploration Ltd. is selling about 76,000 net acres in Kingfisher and Canadian counties in Oklahoma for $62 million and also agreed to swap acreage with the undisclosed buyer so that both might concentrate their positions, the company said Tuesday.
Antero’s Marcellus-Focused Output Triples
Antero Resources LLC, the Appalachian Basin-focused powerhouse powered by private equity giant Warburg Pincus, said Monday net production in 1Q2013 jumped 114% year/year and increased 21% sequentially, primarily driven by 24 new wells brought online in the Marcellus Shale.
Executives Expect Oilfield Services M&A to Increase
Mergers and acquisitions (M&A) within the oilfield services sector should pick up steam over the next one to two years, with most of the activity centered in North America, according to a survey by Ernst & Young.
Panda’s Central Texas Gas-Fired Power Plant Eyes Late 2014 Start-Up
Natural gas continues to be the fuel of choice for new power plant builds. Panda Power Funds’ Affiliate Panda Temple Power LLC has successfully completed financing on its planned 758 MW gas-fired, combined-cycle power plant in Temple, TX.
Quicksilver Eyes Barnett for Cash Breadbasket
Quicksilver Resources Inc. is hoping to turn some of its Barnett Shale assets into a cash breadbasket through the creation of a master limited partnership (MLP). Proceeds would be used to pay down Quicksilver debt.
Ceres: Proceed Into Oil Shale Investments With Caution
Domestic oil shales offer “vast development potential,” but without sustained high oil prices they may not be profitable, according to a report released Thursday by Boston-based Ceres, a coalition of investment, environmental and public interest groups.