Manager

Industry Briefs

Plains All American Pipeline LP (PAA) is constructing the Cactus Pipeline, a 310-mile, 20-inch diameter crude oil pipeline from McCamey to Gardendale, TX. It is expected to enter service during the first quarter of 2015. The partnership said it has a long-term agreement for a majority of the pipeline’s capacity and is talking with other potential shippers. The pipeline is expected to cost $350-375 million and transport both sweet and sour crude oil from the Permian Basin to the PAA/Enterprise Products Partners Eagle Ford Joint Venture (Eagle Ford JV) Pipeline. The Eagle Ford JV Pipeline directly serves the Three Rivers and Corpus Christi markets and can supply the Houston-area market through a connection to the Enterprise South Texas Crude Oil Pipeline. Crude oil delivered on Cactus will have access to rail loading capacity at PAA’s Gardendale station and access to the Eagle Ford JV barge dock facility in the Corpus Christi area. Initial capacity will be about 200,000 b/d.

April 16, 2013

Pension Fund Wants Chesapeake Board Members Out

Chesapeake Energy Corp. shareholders are being urged by the manager of a group of New York City pension funds to vote against the only two board members up for reelection this year for failing to monitor financial activities of CEO Aubrey McClendon.

May 21, 2012

Low Gas Prices Not Forever, ConocoPhillips Exec Says

Don’t like today’s low natural gas prices? Hang on, they will change, eventually, ConocoPhillips Gas & Power’s Jim Duncan, manager of market research, told a Houston audience last week.

March 26, 2012

Gas Rig Decline Does Not Equal Immediate Production Decline, ConocoPhillips Exec Says

Don’t like today’s low natural gas prices? Hang on, they will change, eventually, ConocoPhillips Gas & Power’s Jim Duncan, manager of market research, told a Houston audience Thursday.

March 23, 2012

Low Gas Prices Not Forever, ConocoPhillips’ Jim Duncan Says

Don’t like today’s low natural gas prices? Hang on, they will change, eventually, ConocoPhillips Gas & Power’s Jim Duncan, manager of market research, told a Houston audience Thursday.

March 23, 2012

Investor Coalition: Progress Being Made in Fracking Transparency

An investment manager organization that leads a coalition of shareholder advocacy groups for social and environmental issues says progress has been made in the third year of its quest to convince natural gas operators to be more forthcoming over how they are managing the risks associated with hydraulic fracturing (fracking).

February 27, 2012

Investor Coalition Sees Progress in Fracking Transparency

An investment manager organization that leads a coalition of shareholder advocacy groups for social and environmental issues says progress has been made in the third year of its quest to convince natural gas operators to be more forthcoming over how they are managing the risks associated with hydraulic fracturing (fracking).

February 23, 2012

EQT Readies Midstream Spin-Off

EQT Midstream Partners LP, a unit of Appalachian producer EQT Corp., is preparing to launch a public offering as a master limited partnership (MLP). The initial public offering (IPO) is expected to raise up to $250 million.

February 14, 2012

People

Rapid City, SD-based Black Hills Corp. has named John Benton vice president and general manager of the energy holding company’s oil and gas production unit, Black Hills Exploration & Production. Benton is replacing John Vering, a Black Hills board member who has served as interim CEO of the E&P unit and will return to his board position. With bachelor’s and master’s degrees in petroleum engineering from Colorado School of Mines, Benton comes to Black Hills from Rex Energy Corp., where he headed development of the company’s Niobrara acreage in Wyoming and Colorado.

December 9, 2011

Marcellus Producers Struggle to Manage Ethane

The rich gas corridor of the Marcellus Shale is attracting producers even at low natural gas prices, but while most natural gas liquids (NGL) command a premium in the Northeast, the lack of ethane markets in the region is a challenge, according to several industry players.

March 28, 2011
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