Chesapeake Energy Corp. has completed the sale of $750 million of perpetual preferred shares of its newly formed entity CHK Utica LLC, the Oklahoma City-based producer said Monday.
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Boardwalk to Pay $550M for Mississippi Storage Facilities
Boardwalk Pipeline Partners LP and a joint venture (JV) it has formed with an affiliate of its general partner have agreed to pay $550 million in cash to acquire Petal Gas Storage LLC and Hattiesburg Gas Storage Co. from Enterprise Products Partners LP, the companies said last week.
Boardwalk to Pay $550M for Mississippi Storage Facilities
Boardwalk Pipeline Partners LP and a joint venture (JV) it has formed with an affiliate of its general partner have agreed to pay $550 million in cash to acquire Petal Gas Storage LLC and Hattiesburg Gas Storage Co. from Enterprise Products Partners LP, the companies said Monday.
Eagle Ford Group Weighs in on Roads and Pipes
As development in the liquids-rich Eagle Ford Shale of South Texas continues to expand, the task force formed earlier this year to address residents’ and industry’s concerns Wednesday issued recommendations related to truck traffic and pipeline development.
Carrizo-Private Equity JV Targeting Utica Shale
A newly formed joint venture (JV) of Carrizo Oil & Gas Inc. and Avista Capital Partners has closed its first acquisition: 15,000 net acres in the Utica Shale in eastern Ohio and northwestern Pennsylvania at an average cost of less than $1,500/acre, Carrizo said. The deal is the second announcement from the company in the same week as it strengthens its finances to plow ahead in the shales.
Anadarko Eyeing Ohio’s Utica Shale
Anadarko Petroleum Corp. appears to be joining a growing list of companies interested in the Utica Shale of Ohio.
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Michael Bromwich, who now leads the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), has been tapped to take over the newly formed Bureau of Safety and Environmental Enforcement (BSEE) until a permanent director is named. Bromwich’s top assistant, BOEMRE Senior Adviser Tommy P. Beaudreau will lead the new Bureau of Ocean Energy Management (BOEM). Bromwich and Beaudreau have been involved in the creation of the two new bureaus, which are to be officially established on Oct. 1. Bromwich agreed to serve as the BSEE chief, and Interior said it has launched “an aggressive, nationwide recruitment effort to find a permanent director.” Beaudreau would be the permanent BOEM director. Salazar’s Secretarial Order in 2010 divided the former Minerals Management Service into the BSEE, BOEM and the Office of Natural Resources Revenue. MMS was renamed BOEMRE, and ONRR now operates under Interior’s Assistant Secretary for Policy, Management and Budget. ONRR manages revenues associated with federal offshore and federal and American Indian onshore mineral leases, as well as revenues received as a result of offshore renewable energy efforts. BSEE is to handle inspections, enforcement and safety of offshore oil and gas operations while BOEM is to be responsible for energy leasing and planning on the Outer Continental Shelf.
Bromwich Tapped to Lead Interior’s Safety, Enforcement Arm
Michael Bromwich, who now leads the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), has been tapped to take over the newly formed Bureau of Safety and Environmental Enforcement (BSEE) until a permanent director is named, Interior Secretary Ken Salazar said Friday.
Propane Player Cites Shale Liquids in Midstream Deal
Propane company NGL Energy Partners LP had its eye on North America’s expanding liquids-rich shale plays when it agreed to acquire the natural gas liquids (NGL) assets of SemGroup Corp.’s SemStream LP in a deal worth about $283 million.
Tropical Disturbance Forces Gulf of Mexico Shut-Ins, Evacuations
A total of 11 named storms, including two hurricanes, have formed in the Atlantic Basin this year, but it took an unnamed trough of low pressure in the central Gulf of Mexico (GOM) to force the first weather-related shut-ins and evacuations of energy interests offshore.