Money

Apache Corp. is pouring more money into its upstream projects this year to advance a backlog of North American and overseas opportunities, CEO Steve Farris said last week.

Marcellus Shale gas operators in Pennsylvania are poised to comply with last month’s request by the Department of Environmental Protection (DEP) to stop delivering wastewater to 15 municipal wastewater treatment facilities by Thursday (May 19).

Apache Corp. is pouring more money into its upstream projects this year to advance a backlog of North American and overseas opportunities, CEO Steve Farris said Tuesday.

Last year “large overseas companies” invested more than $15 billion in U.S. shale plays, and they weren’t putting down the money to “expect juicy margins at $4/Mcf gas,” analysts with Raymond James & Associates Inc. said last week.

For the second time in a matter of weeks, President Obama Tuesday acknowledged that natural gas will play a critical role in the nation’s energy portfolio going forward.

Last year “large overseas companies” invested more than $15 billion in U.S. shale plays, and they weren’t putting down the money to “expect juicy margins at $4/Mcf gas,” analysts with Raymond James & Associates Inc. said Monday.

Sen. Lisa Murkowski, the outspoken Republican from Alaska, called on Congress to “recognize ‘use it or lose it’ [legislation] for what it is — it is an attempt to extract more money from the companies, not to extract more energy from the ground.”

Sen. Lisa Murkowski, the outspoken Republican from Alaska, called on Congress to “recognize ‘use it or lose it’ [legislation] for what it is — it is an attempt to extract more money from the companies, not to extract more energy from the ground.”

Midstream players Energy Transfer Partners LP (ETP) and Regency Energy Partners LP have formed a joint venture to follow their producer customers to where the money is: liquids-rich shale plays. The partners are acquiring natural gas liquids (NGL) storage, fractionation and transportation assets to expand their producer service offerings.