Law firm Gibson, Dunn & Crutcher LLP has opened a Houston office with a team of lawyers with energy transactional experience, including public and private mergers and acquisitions, asset acquisitions and divestitures, and joint ventures; debt and equity capital markets; finance and restructuring; tax (focused on master limited partnerships); and regulatory matters, the firm said. The team will initially consist of eight partners, who are to be announced in the coming weeks. “Our new Houston office will be initially focused on energy transactions, but we expect the office to work closely with the Dallas office and other lawyers throughout our firm to attract restructuring, litigation, appellate and regulatory opportunities,” said Rob Walters, partner in charge of the firm’s Dallas office.
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NatGas Producers Snapping Up Released Appalachia Pipeline Capacity
Decisions to defer natural gas production in the Appalachian Basin this year are providing an opening to snatch up released firm pipeline capacity at a lower price, Southwestern Energy Co.’s chief said Friday. Range Resources Corp. also said it has begun buying unused capacity.
Dual-Fuel Costs Power Generators Less Than Firm NatGas Transportation, Study Finds
Dual-fuel capability “has a much lower cost for a new combined-cycle plant” than firm natural gas transportation for power generators in the Eastern Connection, and for simple-cycle plants the difference is even more pronounced, according to a study summarized in the last of eight Gas-Electric Coordination Quarterly Update reports issued by FERC Thursday.
Texas Power Plant Lone Holdout in Pipeline Abandonment
Natural Gas Pipeline Co. of America (Natural) is seeking to abandon Texas-Oklahoma pipeline and related facilities it says are failing and no longer needed by firm shippers except for one power generator that has yet to reach agreement with the company.
SEC Investigating Former BlackRock Fund Manager’s Ties to Rice Energy
The U.S. Securities and Exchange Commission (SEC) could take action against the global asset and investment firm BlackRock Inc. after an investigation into a former employee, Daniel J. Rice III, revealed a potential conflict of interest between the portfolios he managed and his family business, Rice Energy Inc., according to an 8-K filed by the firm Friday.
Transco Seeking Capacity Turnbacks for Atlantic Sunrise Project
Transcontinental Gas Pipe Line Company LLC (Transco) is seeking offers from shippers to relinquish firm capacity on its system to support the proposed Atlantic Sunrise Project, which is intended to serve Marcellus Shale production.
Klaber Looks to Cast Wide Net With New Consulting Firm
It didn’t take long for Kathryn Klaber to seize the benefits of her four-year role as CEO of the Marcellus Shale Coalition (MSC), announcing just months after resigning the position that she would launch a consulting firm aimed at enhancing the business performance of energy companies and others with a stake in shale gas development.
Industry ‘Concerned’ Pennsylvania Supreme Court Could Split on Act 13
There is “significant concern” among oil and gas interests that the Pennsylvania Supreme Court could deadlock in a 3-3 tie over the constitutionality of Act 13 because the high court’s newest appointee will not participate in the case challenging the law.
Five Injured in West Virginia Gas Well Explosion
Five people were injured after a Marcellus Shale gas well owned by Antero Resources exploded in Doddridge County, WV, on Sunday morning.
Most Wells in Utica ‘Very Good,’ Says Ohio Regulator
Ohio government officials and industry experts met for a shale symposium hosted by law firm BakerHostetler LLP, offering their opinions of what the challenges will be in the Utica Shale as the play develops.
