Riverstone, Goldman Paying $1.6B for Permian-Focused Lucid II Gas Processing Assets

Riverstone, Goldman Paying $1.6B for Permian-Focused Lucid II Gas Processing Assets

Riverstone Holdings LLC and Goldman Sachs Group Inc. are flexing their financial muscle in the Permian Basin, agreeing to pay $1.6 billion for a portfolio of natural gas processing properties in the Delaware sub-basin of New Mexico.

January 8, 2018

Senate Confirms Pruitt to Lead EPA; Votes on Perry, Zinke Up Next

The Senate voted 52-46 on Friday to confirm Oklahoma Attorney General Scott Pruitt as the next administrator of the Environmental Protection Agency (EPA), one day after a judge in Pruitt’s home state ordered him to turn over thousands of emails to a watchdog group.

February 17, 2017
Business Leaders Hope Low NatGas Prices Draw More Petchem, Large Manufacturers to Appalachia

Business Leaders Hope Low NatGas Prices Draw More Petchem, Large Manufacturers to Appalachia

A group of business leaders in the Appalachian Basin have launched another economic development initiative to attract global attention and top energy-consuming businesses to the Mid-Ohio Valley to take advantage of some of the industrialized world’s lowest natural gas prices.

June 9, 2016

New FERC Office of General Counsel Group to Streamline Rehearing Process

FERC on Thursday approved the first pair of items drafted by a recently formed group in the Office of General Counsel (OGC) made up of attorneys dedicated solely to the rehearing process, a first at the Commission.

February 18, 2016

Wood Group Continues U.S. Expansion With Acquisition of Ohio-Based Oil/Gas Construction Firm

Scotland-based John Wood Group plc has acquired privately-owned oil and gas construction firm Kelchner Inc. for an undisclosed sum, expanding its global footprint to the Appalachian Basin.

December 23, 2015

U.S. E&P Capex Concerns ‘Overhyped,’ Says Wood Mackenzie

To paraphrase Mark Twain, the reports of the death of U.S. exploration have been greatly exaggerated. So says Wood Mackenzie Ltd., whose research on the near-term financial risks of a group of 26 top independents determined that it’s more hype than fact.

October 9, 2015

California Sets Interagency Review on Well Stimulation Report

A scientific assessment of well stimulation in California that drew differing reactions when released earlier this month will be subjected to the further scrutiny of an interagency working group created Wednesday by California Gov. Jerry Brown.

July 23, 2015

A New Louisiana LNG Project Is Announced as Another Is Delayed

A former executive of BG Group plc on Tuesday said his recently formed company will pursue a liquefied natural gas (LNG) export project in Louisiana, one day after UK-based BG Group said it was delaying a decision on the Louisiana LNG project it is pursuing with Energy Transfer Partners LP.

February 3, 2015

Chesapeake Agrees to Larger Settlement With Pennsylvania Landowners

A new proposal amending a settlement between a group of Pennsylvania landowners and Chesapeake Energy Corp. that’s been tied up in federal court for more than a year now would find the company paying $3.5 million more than originally agreed if approved by a judge.

January 2, 2015

CME Group Restructuring Cuts 150 Company Positions

CME Group said Tuesday that as part of its recently announced restructuring the trading exchange will reduce its global workforce this week by roughly 5%, or about 150 positions. Most of the cuts will come from technology, with the balance of reductions coming from corporate and administrative functions.

October 14, 2014
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