Rice Energy Inc. has won a bidding war of sorts in Belmont County, OH, to develop 195 acres owned by the city of St. Clairsville. The city council agreed to lease the acreage to Rice for $8,650/acre after it offered a bid to counter American Energy Partners LP’s $8,600/acre offer. According to reports, the councilors said besides the price they also chose Rice because of language included in the lease that would not allow the company to deduct from future royalties. Rice has assets in Belmont County, as well as in southwest Pennsylvania’s Washington and Greene counties.
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North Dakota Outlines Monthly Gas Capture Audit Process
State oil and natural gas auditors in the North Dakota Department of Mineral Resources (DMR) will be looking in detail at how wellhead associated gas is handled, according to a letter sent to oil/gas operators by DMR’s auditing supervisor.
September 17, 2014
NatGas Gives Lift to Diesel, Gasoline in New Partnership
Compressed natural gas (CNG) will be used to haul supplies of diesel fuel and gasoline under a partnership between Newport Beach, CA-based Clean Energy Fuels Corp. and energy supply/logistics company Mansfield Energy Corp.
September 17, 2014
Gastar Switching Focus to Oklahoma’s Hunton Oil Play Next Year
Gastar Exploration Inc. is poised to spend heavily in its Hunton Limestone oil play next year after approving a $257.3 million capital budget that mostly would go toward drilling, completion and infrastructure in Oklahoma.
September 17, 2014
Summit Utilities Subsidiary to Connect Mainers to NatGas Service
The Maine Public Utilities Commission has approved the creation of Natural Gas Conversion Co. (NGC), which is to provide “an affordable and timely process” for residents and businesses converting to natural gas, according to Summit Utilities. The new company will begin operations immediately, Summit said.
September 17, 2014
Proposed Bakken Gas Pipe Project Lacks Shippers, MDU Exec Says
An open season earlier this year has failed to generate enough interest to move forward with a major natural gas pipeline project from the Bakken to an interconnection in northwest Minnesota, an executive with a unit of Bismarck, ND-based MDU Resources Group told an analysts’ day meeting Wednesday in Las Vegas, NV.
September 17, 2014
DOE Expands Initiatives to Support U.S. Manufacturing, Energy Productivity
In its continuing effort to support President Obama’s goal of doubling energy productivity by 2030, the Department of Energy (DOE) said Wednesday it is expanding the Clean Energy Manufacturing Initiative to support the American manufacturing sector and launch the Accelerate Energy Productivity 2030 initiative.
September 17, 2014
Leading U.S. Energy Companies Keep Big Investments at Home
Ten of the top 25 U.S. companies that invested the most on America’s future last year were energy-based, according to The Progressive Policy Institute (PPI).
September 17, 2014
Industry Must Cut Flaring, Conserve Water, Marathon Oil CEO Says
After extolling the benefits of the U.S. shale oil and gas renaissance, Lee Tillman, CEO of leading Eagle Ford Shale producer Marathon Oil Corp., told an industry audience in Texas that operators need to be mindful of air quality, water management and roads.
September 17, 2014
Consol, Noble Expect to Raise $300M-Plus in Midstream IPO
Consol Energy Inc. and Noble Energy Inc. set terms Wednesday for the initial public offering of their midstream master limited partnership, announcing plans to raise about $350 million with 7.5 million units at a price range of $19.00-21.00/unit.
September 17, 2014
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