Lightfoot Capital Partners plans to make an undisclosed direct investment and own a 48% interest in Arc LNG Holdings LLC, which will own a 20% interest in Gulf LNG Energy’s new liquefied natural gas (LNG) terminal in Pascagoula, MS. The $1.1 billion facility is expected to be completed in November and will have a capacity of 1.3 Bcf/d, which is all contracted for the next 20 years under firm service agreements. Lightfoot’s investment comes as Atlas Energy LP (ATLS) announced that GE Energy Financial Services, a GE subsidiary, will invest in Lightfoot to own a general partner interest and a 58% limited partner interest. As a result, ATLS will own about a 16% general partner/12% limited partner interest in Lightfoot, which is the general partner and majority owner of Arc Terminals LP.
Holdings
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Noble, CONSOL Partner in Marcellus
Noble Energy Inc. on Thursday added the Marcellus Shale to its core U.S. holdings after securing a $3.4 billion deal with CONSOL Energy Inc. that gives it half of a 663,350 net-acre leasehold in Pennsylvania and West Virginia, including existing wells and midstream infrastructure.
Petrohawk Was Fast Mover in Eagle Ford, Says Exec
Petrohawk Energy Corp. got into the Eagle Ford Shale and moved fast. Those are the keys to success in shale plays, the company’s vice president of exploration, Charles Cusack, told a Houston audience Wednesday.
NRG Adds Northeast Customers with Energy Plus Deal
NRG Energy Inc. will acquire Philadelphia-based retail natural gas and electricity provider Energy Plus Holdings LLC for $190 million in cash, the companies said Tuesday.
Ultra Now Triple Threat with Niobrara Purchase
Driven by record natural gas output from core holdings in the Pinedale Anticline of Wyoming and the Marcellus Shale in Pennsylvania, Ultra Petroleum Corp. on Wednesday reported quarterly profit numbers that beat Wall Street’s expectations. The Houston producer also disclosed that it established a third core area, almost 100,000 net acres in the liquids-prone Niobrara formation of the Denver-Julesburg (DJ) Basin of Colorado.
Morgan Stanley Buys Into Oil Shale Midstream
Morgan Stanley Private Equity has taken a majority stake in newly formed Sterling Investment Holdings LLC, the firm and Sterling Energy Co. said Thursday. The move is intended to support growth of Sterling Energy’s midstream business in Colorado and North Dakota.
Ultra Adds Niobrara; Sees Record Output in Pinedale, Marcellus
Driven by record natural gas output from core holdings in the Pinedale Anticline of Wyoming and the Marcellus Shale in Pennsylvania, Ultra Petroleum Corp. on Wednesday reported quarterly profit numbers that beat Wall Street’s expectations. The Houston producer also disclosed that it established a third core area, almost 100,000 net acres in the liquids-prone Niobrara formation of the Denver-Julesburg (DJ) Basin of Colorado.
Japan’s JGC Enters Eagle Ford with 10% Stake
Houston-based JGC Energy Development (USA) Inc. (JEDI), a unit of Yokohama, Japan-based engineering firm JGC Corp. (JGC), has agreed to acquire a stake in Eagle Ford Shale oil assets from TriTech LLC, the company said.
Petrohawk Looks West for Liquids
Petrohawk Energy Corp. has gone west in pursuit of oil and liquids-rich gas production from the Permian Basin, adding to its established holdings in the Eagle Ford and Haynesville shales.
Petrohawk Looks West for Liquids
Petrohawk Energy Corp. has gone west in pursuit of oil and liquids-rich gas production from the Permian Basin, adding to its established holdings in the Eagle Ford and Haynesville shales.
