Negotiations

As part of its discussions with a group of noteholders to reach a restructuring agreement outside of court, Stone Energy Corp. disclosed in a regulatory filing this week that it is in negotiations to sell its Appalachian Basin assets.

Royal Dutch Shell plc has been in negotiations with several landowners who own property around a site in western Pennsylvania that the company is considering for a “world class” ethane cracker, a sign that Shell could be moving forward with the project.

After nine months of negotiations with shippers, Calgary-based TransCanada Corp. on Monday announced an agreement to maintain the services and finances status quo on its Nova natural gas pipeline grid in Alberta and British Columbia (BC).

The Muskingum Watershed Conservancy District (MWCD) has agreed to sell more water to Antero Resources for oil and gas drilling in the Utica Shale.

Malaysia national oil and gas company Petronas (Petroliam Nasional Berhad) is in negotiations to sell a 10% stake in Canadian shale properties it acquired last year to the state-owned Indian Oil Corp. Ltd. (IOC).

The Muskingum Watershed Conservancy District (MWCD) has agreed to sell more water to Gulfport Energy Corp. for Utica Shale drilling activities, as it adopts a new short-term water sales policy and partners with the U.S. Geological Survey to study the impact of future water withdrawals.

The Pennsylvania General Assembly has passed a bill that authorizes the state Department of General Services (DGS) to lease state-owned land for oil and natural gas drilling, as well as mining for coal, limestone and collecting coalbed methane.

Native Americans claim they were unable to add input in the Bureau of Land Management’s (BLM) negotiations on the final rules that will regulate hydraulic fracturing (fracking) of oil and gas operations on public lands. Absent this input, some of the tribal leaders claimed the rules could impede their ability to develop their energy resources.

After confidential negotiations broke down this week, spilling into the public arena Wednesday, the City of San Bruno, CA, has asked state regulators to help them reach a “global settlement” with Pacific Gas and Electric Co. (PG&E) over a deadly pipeline explosion in September 2010.