SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.
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SandRidge Forms $500M Mississippi Lime JV with Atinum
SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.
Inergy Seeks to Scoop Up Tres Palacios Storage for $725M
Kansas City, MO-based Inergy LP announced Tuesday that subsidiary Inergy Midstream has agreed to buy Tres Palacios Gas Storage LLC, owner of the Tres Palacios natural gas storage facility in Matagorda County, TX, from NGS Energy LP for $725 million plus reimbursement of certain capital expenditures and subject to customary net working capital adjustments.
Black Hills to Install Smart Gas Meters in Five States
South Dakota-based Black Hills Corp.’s natural gas utility operations in five states — Colorado, Iowa, Kansas, Nebraska and Wyoming — are switching customers of Black Hills Energy to smart meters. Earlier in August the installation of new Itron advanced gas meters began.
Northern Natural Gets OK to Expand Storage Buffer Zone in Kansas
FERC Wednesday partially approved Northern Natural Gas pipeline’s request to extend its storage field buffer zone in Kansas to prevent the further migration of gas away from its field.
DCP Midstream Buys Rockies NGL Pipeline From Buckeye Partners
DCP Midstream Partners LP has bought a Colorado-to-Kansas natural gas liquids (NGL) pipeline system from Buckeye Partners LP for $22 million in cash, the companies said Thursday. The partnership said the acquisition supports its expansion efforts that target growing producer demand.
DCP Midstream Buys Rockies NGL Pipeline From Buckeye Partners
DCP Midstream Partners LP has bought a Colorado-to-Kansas natural gas liquids (NGL) pipeline system from Buckeye Partners LP for $22 million in cash, the companies said Thursday. The partnership said the acquisition supports its expansion efforts that target growing producer demand.
Rally Continues, But Futures Dive Likely to End It
With people in Canada and the northern half of the U.S. waking up Tuesday morning to temperatures in the vicinity of freezing or lower, and such conditions expected to continue through Wednesday for the most part, it was hardly surprising to see prices rising again Tuesday at a large majority of locations. However, a significant decline by November futures appears likely to nip this week’s cash rally in the bud.
Inergy Subsidiary’s Thomas Corners Storage Project ‘Sold Out’
Kansas City, MO-based Inergy LP said its Arlington Storage Co. LLC (ASC) subsidiary has sold out the 5.7 Bcf in available capacity at its Thomas Corners natural gas storage project located in Steuben County, NY. The company filed at FERC in mid-March to convert the depleted Thomas Corners Field in the Town of Bath into an underground gas storage facility (see NGI, March 31).
Inergy Subsidiary’s Thomas Corners Storage Project ‘Sold Out’
Kansas City, MO-based Inergy LP said its Arlington Storage Co. LLC (ASC) subsidiary has sold out the 5.7 Bcf in available capacity at its Thomas Corners natural gas storage project located in Steuben County, NY. The company filed at FERC in mid-March to convert the depleted Thomas Corners Field in the Town of Bath into an underground gas storage facility (see Daily GPI, March 26).