Tulsa-based midstream operator SemGroup on Wednesday agreed to a $300 million cash price for Chesapeake Energy Corp.’s interests in subsidiary Mid-America Midstream Gas Services LLC, that comes with a 20-year gathering and processing contract for 540,000 net acres in the Mississippian Lime play.
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Cove Point LNG Fully Subscribed With Asian Customers
Energy companies based in Japan and India further increased their interests in the United States by signing tolling agreements for natural gas liquefaction services at Dominion’s proposed Cove Point liquefaction facility in Lusby, MD.
U.S.-Asia Draw Closer, One LNG Contract at a Time
Energy companies based in Japan and India further increased their interests in the United States with the signing of tolling agreements for natural gas liquefaction services at Dominion’s proposed Cove Point liquefaction facility in Lusby, MD.
Edison, Mitsubishi at Odds Over Latest Nuke Report
A report that surfaced Friday on the root causes of the downed Southern California nuclear generating plant has further put the plant majority owner-operator in a legal battle with Japan’s Mitsubishi Heavy Industries (MHI), the designer and installer of the plant’s failed new steam generators.
Ohio Gas Utilities Exiting Merchant Function
The Public Utilities Commission of Ohio (PUCO) moved the state further toward retail deregulation last week, approving settlements with Dominion East Ohio Gas and Columbia Gas of Ohio that would allow the local distribution companies (LDC) to gradually move out of the merchant function starting with nonresidential customers.
Two Ohio Gas Utilities Cleared to Exit Merchant Function
The Public Utilities Commission of Ohio (PUCO) moved the state further toward retail deregulation this week, approving settlements with Dominion East Ohio Gas and Columbia Gas of Ohio that would allow the local distribution companies (LDC) to gradually move out of the merchant function starting with nonresidential customers.
Dallas Commission Expected to Reconsider Drilling Decision
A citizens group opposed to gas drilling within the city of Dallas is rounding up supporters to attend a City Plan Commission meeting Thursday at which commissioners are expected to reconsider a previous denial of permits to drill that are being sought by Trinity East Energy LLC.
California Sticks by Gas-Fired Generation
As a further sign the state is sticking with natural gas-fired electric generation, the California Public Utilities Commission (CPUC) last Thursday overcame a mounting chorus of naysayers and gave the go-ahead (again) to a power plant that has been in the development phase for more than a decade in Northern California.
Spectra Lands Express-Platte Oil Pipelines for $1.49B
Houston-based Spectra Energy Corp. said Tuesday it has secured one of the three major pipeline systems that move western Canadian crude oil to refineries in the Rockies and Midwest, agreeing to purchase the entire ownership interest in the 1,717-mile Express-Platte Pipeline System. The deal is expected to close in the first half of 2013.
Wyoming Governor: Low Natural Gas Prices Hurting State
Continued low natural gas prices have further cut into Wyoming’s revenues that will require budget cuts of up to 8% in 2013, Wyoming Gov. Matt Mead said last week. Pointing to gas spot prices at Opal, he said prices may be overemphasized, but “the gas prices are not where we would like to see them, and it is affecting our budget.”