Crestwood Niobrara LLC is buying a 50% interest in Jackalope Gas Gathering Services LLC from RKI Exploration & Production LLC for $108 million, parent Crestwood Midstream Partners LP said Monday.
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Obama, Romney Energy Advisers Trade Barbs at Conference Debate
Veteran broadcast journalist and anchor Ted Koppel threw the burning brand into an otherwise predictable ‘he-said (Republican) — she-said (Democrat)’ political debate at the Marcellus Shale Gas Insight conference Thursday, questioning the public benefit of exporting liquefied natural gas (LNG).
U.S. Chamber Tooting Shale’s Horn in Ohio’s Marcellus, Utica
A series of recent reports highlights the economic benefits of the burgeoning gas industry in eastern Ohio’s Utica and Marcellus shales and, according to the U.S. Chamber of Commerce, shale energy “has the potential to be an economic game-changer” for the state and the nation.
Marketers 2Q2011: Big Names Report Declining Sales
Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.
Marketers 2Q2011: Big Names Report Declining Sales
Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.
Congressional, State Lawmakers Show Support for Natural Gas Vehicles
Last week was the week for natural gas vehicles (NGV). Among the highlights that put the spotlight on the nascent industry:
Ensco, Pride in $7.3B Merger Pact
Offshore drillers Ensco plc and Pride International Inc. are combining in a $7.3 billion cash-and-stock deal, a transaction that highlights the “post-Macondo” world, Ensco CEO Dan Rabun said last week.
Ensco, Pride to Merge in $7.3B Deal
Offshore drillers Ensco plc and Pride International Inc. are combining in a $7.3 billion cash-and-stock deal, a transaction that highlights the “post-Macondo” world, Ensco CEO Dan Rabun said Monday.
E&P MLPs Reemerge as ‘One of Most Important Trends’ for Energy
Petrohawk Energy Corp.’s decision to spin off some of its mature domestic assets into a master limited partnership (MLP) (see Daily GPI, June 26) highlights the “reemergence of one of the most important trends in U.S. energy markets,” according to an energy analyst.
Industry Briefs
BP Energy Co.’s ability to market natural gas in the western United States has improved with the completion of its acquisition of Salt Lake City-based marketer Wasatch Energy LLC. The acquisition was announced in December (see NGI, Dec. 25, 2006). The deal, for an undisclosed amount, gives BP Energy all of Wasatch’s natural gas business and assets, including commercial and industrial sales contracts and producer services contracts. Wasatch’s 42 employees also were offered the opportunity to transfer to BP Energy. Wasatch has a portfolio of 350,000 MMBtu/d of gas purchase, transportation and sales activity across 10 western states that serve about 500 commercial and industrial customers and 100 producers. Its sales offices are located in New Mexico, Colorado, Washington, and California.