Fund

The House of Representatives Saturday passed a continuing resolution (CR) that shaves $61 billion from the budget to fund the federal government through Sept. 30.

Keyera Facilities Income Fund said it will construct its Carlos pipeline from the Keyera Rimbey gas plant into the Hoadley region of central Alberta. The pipeline will allow area producers to deliver liquids-rich gas to the Rimbey plant, which is equipped to remove a high percentage of natural gas liquids from the gas stream. The Hoadley area is undergoing active development as multiple producers target liquids-rich natural gas reserves found in the Glauconite geological zone, Keyera said. The 45-kilometer (28-mile), 12-inch diameter raw gas gathering pipeline is expected to be in service in the second quarter of 2011.

Keyera Facilities Income Fund said it will construct its Carlos pipeline from the Keyera Rimbey gas plant into the Hoadley region of central Alberta. The pipeline will allow area producers to deliver liquids-rich gas to the Rimbey plant, which is equipped to remove a high percentage of natural gas liquids (NGL) from the gas stream.

Onshore natural gas plays that are able to generate profits even when gas prices are below $4/Mcf, including the Marcellus Shale, should see rig activity up by 18% in 2011 over this year, according to analysts with Raymond James & Associates Inc.

Enerplus Resources Fund said last week it is nearly done with a series of acquisitions and sales that will reposition it as more shale-weighted and less oilsands-heavy.

Enerplus Resources Fund said this week it is nearly done with a series of acquisitions and sales that will reposition it as more shale-weighted and less oilsands-heavy.

Copano Energy LLC last week sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.

Copano Energy LLC on Wednesday sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.

Lawyers for commercial fishermen in southern Louisiana said they are “extremely concerned” about a provision in the Oil Spill Liability Trust Fund that limits BP’s liability responsibility to no more than $75 million for damages that may be claimed by companies, individuals and/or the government, aside from the costs of containing and cleaning up the massive spill.