Linn Energy Inc., which emerged from the commodity price downturn smaller but still energized, on Wednesday agreed to combine forces with a private operator to create Roan Resources LLC, whose goal is to accelerate development in Oklahoma’s prolific Anadarko Basin.
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New Midstream Company Targeting Liquids-Rich Utica
Crosstex Energy Inc. and former management of Enerven Compression Services are forming a company called E2 that will serve Utica Shale producers with natural gas compression and condensate stabilization facilities for their liquids-rich production.
Kinder, Shell In LNG Export Venture
Units of Royal Dutch Shell plc and Kinder Morgan Inc. are forming a partnership to develop a natural gas liquefaction and export plant in two phases at Southern LNG Co. LLC’s Elba Island LNG Terminal near Savannah, GA.
Kinder Morgan and Shell Partnering on Elba Island LNG Export
Units of Royal Dutch Shell plc and Kinder Morgan Inc. are forming a partnership to develop a natural gas liquefaction and export plant in two phases at Southern LNG Co. LLC’s Elba Island LNG Terminal near Savannah, GA.
Blue Racer JV Expands Midstream Services in Utica
Dominion and Caiman Energy II LLC on Thursday said they are forming Blue Racer Midstream LLC, a $1.5 billion joint venture (JV) that would provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.
Dominion, Caiman Partner in Utica Midstream
Dominion and Caiman Energy II LLC on Thursday said they are forming Blue Racer Midstream LLC, a $1.5 billion joint venture (JV) that would provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.
Carrizo Inks Another Niobrara JV
Carrizo Oil & Gas Inc. is forming a joint venture (JV) in the Niobrara formation with Haimo Oil & Gas LLC, a unit of China’s Lanzhou Haimo Technologies Co. Ltd. Separately, the company announced third quarter production growth for oil, condensate and natural gas liquids (NGL).
EIA Cuts Gas Price Outlook 21%; Analysts Wait for 2013
A consensus is forming among U.S. government and private energy analysts that barring an unusual weather event — or an unusual event period — North American natural gas prices likely will be low through the summer. Some have thrown in the towel for higher prices through the summer and fall, and instead are looking ahead to what they hope will be a return to normal winter weather that could boost prices beginning in 2013.
California Regulators Partner on PG&E Penalty Cases
Two members of the California Public Utilities Commission (CPUC) on Tuesday said they were forming a partnership approach to oversee two remaining natural gas pipeline safety proceedings regarding the aftermath of Pacific Gas and Electric Co.’s (PG&E) 2010 transmission pipe rupture and explosion in San Bruno, CA.
EPA Asked to Suspend Comment Period on WY Water Quality Report
Encana Oil & Gas (USA), owner of a natural gas field in Pavillion, WY, that the Environmental Protection Agency (EPA) claims is contaminated by chemicals used in production practices (including hydraulic fracturing, or fracking), has called on the agency to suspend the public comment period on a draft report issued in December.