Atlas Energy LP (ATLS) exploration and production (E&P) subsidiary Atlas Resource Partners LP (ARP) is buying 466 Bcf of natural gas proved reserves in the Raton (New Mexico) and Black Warrior (Alabama) basins from EP Energy E&P Co. LP (EP Energy), a unit of EP Energy LLC, for $733 million.
Most
Articles from Most
Wyoming Governor: Energy Development, Reclamation Can Coexist
Energy development and conservation/environmental mitigation can work together and are doing so in Wyoming, the nation’s most resource-intense state, Gov. Matt Mead told a symposium in Cheyenne Monday. Resource development does not have to mean “ruin,” Mead said.
Illinois Lawmakers Pass Tough Fracking Bill
Dubbing it the nation’s most stringent, the Illinois state Senate on Friday passed oil and natural gas drilling regulations (SB 1715), sending the proposed provisions to Gov. Pat Quinn for his signature. The governor is expected to sign the bipartisan legislation.
Utilities Partner to Push Natural Gas Using Social Media
Thanks to abundant shale gas supplies and appliance efficiency gains, a homeowner in Connecticut could save $1,800 per year by switching to natural gas heating from fuel oil, according to a trio of utilities in the state that have launched a campaign to get consumers to switch to gas.
East, Northeast Lead Broad Retreat, But Futures Bound Higher
Cash natural gas prices fell a nickel overall Thursday as traders elected to get most of their deals done ahead of the usual volatility following the release of government inventory data.
Western GOP Congressmen Blast EPA’s Record on Fracking
The Environmental Protection Agency (EPA) was put in the hot seat Friday as House lawmakers took the agency to task for its flawed reports on hydraulic fracturing (fracking), most notably the December 2011 report that found groundwater in Pavillion, WY, to be contaminated. That report was later retracted. And before directing any more funds to the EPA for reseach into fracking, the lawmakers demanded that the agency provide Congress with more information on their reseach activities so far.
ExxonMobil Reign Usurped by Chinese
ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.
ExxonMobil Most Profitable, But Chinese Lead Public Companies
ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.
Cash Prices Quiet, But Futures Traders See Downside Risk
Physical gas prices overall were flat Wednesday with most price averages fluctuating within a couple of pennies. Even the typically volatile Northeast traded within 1-2 cents of Tuesday’s prices.
Early Spring Coolness Keeps Most Points Higher; Futures Flounder
Physical gas prices overall averaged four cents higher Monday with most points reporting nominal temperature-driven gains. Eastern points averaged gains of about a nickel, and Midwest locations gained close to a nickel as well, as chilly and stormy conditions were expected to prevail nearterm.