Energy banker First Reserve Corp. on Tuesday said it has created a joint venture (JV) with Appalachian operator Energy Corp. of America (ECA) initially to build natural gas gathering systems in the Marcellus Shale.
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Inergy to Create Midstream Partnership
Inergy LP said Tuesday it plans to spin off a minority interest in a new master limited partnership (MLP) as Inergy Midstream LP, which initially would own and operate the northeastern midstream natural gas storage and transportation business.
Kinder Morgan-Copano JV Signs More Eagle Ford Contracts
Eagle Ford Gathering LLC, a joint venture (JV) of Kinder Morgan Energy Partners LP and Copano Energy LLC, has executed two long-term agreements to provide transportation, processing and fractionation services to two operators in the Eagle Ford Shale, expanding its already significant contracted production in the South Texas play.
API Head: Fracking Subcommittee Needs Industry Perspective
The American Petroleum Institute (API) has joined a chorus of critics calling for greater oil and natural gas industry representation on a federal panel charged with reviewing the hydraulic fracturing (fracking) used to develop shale gas.
Chesapeake Halts Marcellus Completion Operations After Blowout
Chesapeake Energy Corp. has voluntarily suspended all completion operations in Pennsylvania as response crews work to contain a Chesapeake well blowout in the Marcellus Shale in northeast Pennsylvania.
Pemex Strikes Oil at Test Well in Tabasco State
Mexico state-owned petroleum company Petroleos Mexicanos (Pemex) said Monday it has discovered oil at a test well, which initially is producing more than 3,700 b/d of crude oil and 8 MMcf/d of natural gas.
Move Over, Diesel, NGVs Are Coming Through
Supporters of natural gas vehicles (NGV) aren’t going after the personal vehicle market, at least not initially, but they see a sizeable market share in just replacing diesel fuel in fleet vehicles and the over-the-road diesel market.
Move Over, Diesel, NGVs Are Coming Through
Supporters of natural gas vehicles (NGV) aren’t going after the personal vehicle market, at least not initially, but they see a sizeable market share in just replacing diesel fuel in fleet vehicles and the over-the-road diesel market.
Move Over, Diesel, NGVs Are Coming Through
Supporters of natural gas vehicles (NGV) aren’t going after the personal vehicle market, at least not initially, but they see a sizeable market share in just replacing diesel fuel in fleet vehicles and the over-the-road diesel market.
Industry Brief
Rex Energy Corp. and Stonehenge Energy Resources LP have formed a midstream joint venture (JV), Keystone Midstream Services LLC, that will initially invest up to $25 million to build a high-pressure gathering system and cryogenic gas processing plant in Butler County, PA. State College, PA-based Rex Energy owns 40% of Keystone Midstream and has contributed to its existing gathering system in Butler County. Stonehenge owns 60% of the JV and has contributed its 40 MMcf/d Sarsen cryogenic gas plant. In conjunction with the formation of the JV, Rex Energy has entered into a gathering and processing agreement in which it has reserved 20 MMcf/d of the Sarsen plant’s capacity in 2010 and 40 MMcf/d thereafter. Westminster, CO-based Stonehenge, a portfolio company of private equity firm Energy Spectrum Capital, will manage the operations of Keystone Midstream. Rex Energy is an independent oil and gas company operating in the Illinois and Appalachian basins.