Among natural gas shale plays, the Barnett Shale in North Texas is getting a bit long in the tooth, but it can hold its own with the nation’s other shale plays when it comes to proved reserves.
Michigan
Articles from Michigan
Encana: No Commercial Gas in First Wells in Luzerne County, PA
Encana Oil & Gas (USA) Inc. and a drilling partner are packing up and moving operations out of two Pennsylvania counties after determining that the first natural gas wells drilled in Luzerne County, PA, “were unlikely to produce natural gas in commercial quantities.”
Transportation Notes
ANR said it has cut available capacity for the Muttonville Lateral in Michigan from 100,000 Dth/d to 40,000 Dth/d until further notice.
Transportation Notes
Southern California Gas did not extend a high-linepack OFO beyond Friday.
BreitBurn Completes $1.45B Acquisition of Quicksilver Assets
BreitBurn Energy Partners LP and Quicksilver Resources Inc. have completed the $1.45 billion sale of all of Quicksilver’s natural gas, oil and midstream assets in Michigan, Indiana and Kentucky to BreitBurn, they said Thursday. BreitBurn paid $750 million in cash and approximately 21.348 million common units of its stock.
BreitBurn Energy’s Purchase of Quicksilver Resources Clears FTC
The Federal Trade Commission (FTC) has given the green light to BreitBurn Energy Partners LP’s plan to buy all of Quicksilver Resources Inc.’s natural gas properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of BreitBurn’s common units. The transaction, which is targeted for closure on Nov. 1, is 94% weighted to gas, with a total value of about $1.45 billion.
BreitBurn Stokes Gas Business with Quicksilver Deal
BreitBurn Energy Partners LP is building its stake in onshore natural gas properties under an agreement to purchase all of Quicksilver Resources Inc.’s properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of BreitBurn’s common units. The transaction, expected to close early next month, is 94% weighted to gas, with a total value of about $1.45 billion.
BreitBurn Stokes Gas Business with Quicksilver Deal
BreitBurn Energy Partners LP is building its stake in onshore natural gas properties under an agreement to purchase all of Quicksilver Resources Inc.’s properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of Breitburn’s common units. The transaction, expected to close early next month, is 94% weighted to gas, with a total value of about $1.45 billion.
Cap Rock-SEMCO Energy Deal Combines TX Power with MI, AK Gas
Cap Rock Holding Corp. last week agreed to acquire SEMCO Energy Inc., parent of utilities SEMCO Energy gas Co. in Michigan and ENSTAR Natural Gas Co. in Alaska, in an $867 million cash and debt deal.
Muni Pension Fund Shareholder Sues NorthWestern Over Buy Offers
A Michigan city pension fund that owns shares in NorthWestern Corp. last week filed a lawsuit in a South Dakota court, seeking to make a class action issue out of the utility company’s reluctance so far to accept public- or private-sector buyout offers. The City of Livonia Employees’ Retirement System filed the suit in a federal court.