Producers lined up on one side and large consumers on the other in the political countdown to an Obama administration decision on whether to allow unrestricted exports of liquefied natural gas (LNG) to the world market.
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Industry Brief
Alternative fuel vehicle technologies firm Quantum Fuel Systems Technologies Worldwide plans to expand its manufacturing capacity for lightweight, polymer-lined onboard natural gas vehicle (NGV) fuel storage tanks. The carbon composite tanks used in compressed natural gas-fueled vehicles are needed for increased demand from North American original equipment manufacturers of NGVs, the Lake Forest, CA-based tank maker said. Quantum plans to double its production capacity. It will establish manufacturing lines in a 60,000-square-foot building adjacent to its existing 30,000-square-foot factory.
Deloitte: Cheap Gas Puts Some Companies in Play
Low natural gas prices have created a buying opportunity among dry gas-directed companies for larger players whose pockets are lined with oil dollars, according to consultancy Deloitte. And in the midstream, mergers and acquisitions (M&A) will be propelled by a consolidation trend among master limited partnerships (MLP), according to a midyear report on M&A activity.
Deloitte: Cheap Gas Puts Some Companies in Play, MLPs Consolidating
Low natural gas prices have created a buying opportunity among dry gas-directed companies for larger players whose pockets are lined with oil dollars, according to consultancy Deloitte. And in the midstream, mergers and acquisitions (M&A) will be propelled by a consolidation trend among master limited partnerships (MLP), according to the firm’s midyear report on M&A activity.
Range Resources Taking Bite Out of Marcellus Layer Cake
Some producers wouldn’t have sold their Barnett Shale assets and instead would have flat-lined activities there while they headed for the greener pastures of the Appalachian Basin’s Marcellus Shale, Range Resources Corp. CEO John Pinkerton conceded. But Range wanted to straighten its balance sheet and go at the Marcellus full bore, which its recent Barnett asset sale sets it up to do.
Colorado Counties Line Up Against Hydrofracing Legislation
Nine counties in Colorado have lined up against Democratic legislation — co-sponsored by a member of the state’s congressional delegation — that would put regulation of a drilling technique known as hydraulic fracturing (hydrofracing) in the hands of the federal government.
Colorado Counties Line Up Against House Hydrofracing Bill
Nine counties in Colorado have lined up against Democratic legislation — co-sponsored by a member of the state’s congressional delegation — that would put regulation of a drilling technique known as hydraulic fracturing (hydrofracing) in the hands of the federal government.
CSU Forecast: Four Hurricanes in September
With Gustav degraded to a tropical depression and three tropical storms lined up across the Atlantic, the Colorado State University (CSU) hurricane team said Tuesday it expects five named storms, including four hurricanes, two of them intense (Category Three or greater), to form this month.
NGI The Weekly Gas Market Report
Anadarko Canada Sale Expected to Fetch $4.5B
With buyers said to be lined up with unsolicited offers, Anadarko Petroleum Corp. announced last week it will unload profitable subsidiary Anadarko Canada Corp. for an undisclosed price. In 2005, the Canadian subsidiary provided 11% of Anadarko’s total proved reserves. Analysts expect the unit to fetch more than $4 billion.
Anadarko to Unload Canadian Subsidiary, Trim Acquisition Debt
With buyers said to be lined up with unsolicited offers, Anadarko Petroleum Corp. late Wednesday announced it will sell profitable subsidiary Anadarko Canada Corp. for an undisclosed price. In 2005, the Canadian subsidiary provided 11% of Anadarko’s total proved reserves.