Kathryn Klaber, who has helmed the industry-led Marcellus Shale Coalition (MSC) as CEO for almost four years, is stepping down. She was selected to lead the newly formed organization in late 2009 and is expected to help in the transition over the next few months. “Pennsylvania is now producing nearly 10% of the nation’s natural gas,” Klaber said. “Our industry’s work has been described as ‘revolutionary’ and ‘game-changing.’ The work of the MSC, collaborating with public officials, has helped create the climate for growth of an industry that has delivered on its promises to create American jobs, increase our energy security, while holding safety and environmental performance as paramount.” The oil and gas industry over the past few years “has faced and collectively overcome a host of challenges,” said MSC Chair Dave Spigelmyer, who is Chesapeake Energy Corp. vice president of government affairs. “Katie’s results-oriented leadership and proven ability to identify and collaboratively tackle these challenges has brought incredible value to our industry.”
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Post Oak Energy Capital and funds managed by Goldman Sachs Asset Management have made a $100 million capital commitment to PetroEdge Energy III LLC, a newly formed oil and gas company based in Houston and focused on the Eagle Ford Shale.
In addition to briefing state lawmakers Wednesday on the governor’s newly released energy policy, an adviser to Gov. Matt Mead offered a joint state legislative committee a glimpse at the governor’s proposed baseline water testing rule that would apply to oil and natural gas drillers.
Newly installed Interior Secretary Sally Jewell Wednesday announced that more than 21 million acres will be offered offshore Texas in the Western Gulf of Mexico (GOM) in a federal lease sale in August for oil and natural gas exploration and development.
U.S. Capital Advisors LLC (USCA) has made a $24.1 million preferred equity investment in newly formed Badger Midstream Energy LP. The investment from USCA clients combined with a “significant” investment from the company’s general partner and an additional outside investor allowed Badger Midstream to complete its acquisition of Midstream Energy Services LLC (MES), a private midstream company based in Tulsa, OK. MES and the contribution by High Point Energy LLC of 100% of Dry Trails Midstream Energy LLC will now form the base set of assets under Badger, the company said. “Our primary goal now is to increase the utilization, optimization, and performance of these combined assets, ” said Badger Midstream CEO Alex Bucher.
Suncor Energy agreed Monday to sell onshore natural gas-weighted properties in the Western Canadian Sedimentary Basin for US$986 million to a newly established North American partnership between UK utility Centrica plc and Qatar Petroleum International (QPI). The estimated one-million acre-leasehold this year is expected to produce about 250 MMcfe/d.
Williams and Boardwalk Pipeline Partners LP are partnering on a pipeline project to carry mixed (y-grade) natural gas liquids (NGL) from the Marcellus and Utica shales to the U.S. Gulf Coast as well as the petrochemical market in the Northeast.
Templar Energy LLC, a newly formed exploration and production company, has completed its first acquisition in the Anadarko Basin, an asset package that includes about 7,000 net acres in Oklahoma’s Ellis and Roger Mills counties in Oklahoma, according the company’s financial backer, First Reserve Corp.
New York Gov. Andrew Cuomo has appointed Richard L. Kauffman as “energy czar” and said he would chair a newly created cabinet position for the Energy Policy and Finance Subcommittee. In a state of the state address, Cuomo said his “ambitious agenda” includes “investments in energy infrastructure, solar power and an electric vehicle network. Kauffman would be tasked with, among other things, creating the state’s first “green bank” within the New York State Energy Research and Development Authority. The bank would offer loans and grants to further “clean” energy deployment, coordinate and leverage the state’s energy spending and alleviate financial market barriers “that currently impede the flow of private capital to renewable energy projects.” Kauffman is a senior adviser to U.S. Energy Secretary Steven Chu. He serves on the boards of the Brookings Institution and the Wildlife Conservation Society.
The Arizona Corporation Commission (ACC) added two newly elected members and one re-elected member Monday. Bob Stump, the recently re-elected member, was voted by his colleagues as the ACC’s new chairman. He is joined by new member Bob Burns and Susan Bitter Smith, along with returning members, Gary Pierce and Brenda Burns. Pierce just completed two years as the regulatory panel’s chair. Stump serves on the board of the National Association of Regulatory Utility Commissioners. On Friday, the ACC also named a new executive director, Jodi Jerich, who comes to the commission from a three-year stint as head of the Arizona Residential Utility Consumer Office. Jerich formerly served as policy advisor to ACC commissioner Mike Gleason.