Offer

Monterey Shale Independent Venoco to Go Private

Denver-based Venoco Inc., an independent exploration and production (E&P) company in California’s oil-dominated Monterey Shale, said Monday CEO Tim Marquez intends to buy back all the publicly held shares of the company he founded, subject to shareholder and regulatory approvals.

January 19, 2012

Binghamton, NY, Enacts Two-Year Ban on Drilling

The City Council of Binghamton, NY, voted 6-1 Wednesday night in favor of enacting a two-year ban on hydraulic fracturing (fracking) within the city limits.

December 23, 2011

Permian Midstream Player Expanding Again

Nuevo Midstream LLC is beefing up its gas processing and treating capacity in the Delaware Basin near Orla, TX, targeting service to producers that are pursuing the liquids-rich Bone Spring, Wolfcamp and Avalon Shale plays, the company said Wednesday.

December 16, 2011

Crestwood CEO: Shales the Right Place for a Midstream MLP

Crestwood Midstream Partners LP is a bit of an anomaly in the midstream sector as it is focused exclusively on shale plays, CEO Robert Phillips told financial analysts Tuesday. It’s the only partnership that does so, save for the much larger Chesapeake Midstream Partners, he said.

December 8, 2011

Mexican Shale Discovery Prompts $10.4B Pipeline Plan

Prompted in large part by the recent discovery of significant shale gas deposits in the country’s north and east, Mexico will invest $10.4 billion to build more than 2,800 miles of natural gas pipelines and local distribution networks by 2018, a nearly 40% increase compared with the country’s current pipeline network, President Felipe Calderon said.

November 14, 2011

As Ohio Shale Plays Heat Up, Landowner Groups Cash In

When Rex Energy Corp. announced in August that it acquired the rights to lease about 11,000 net acres in Carroll County, OH, for $40 million, the company said it was doing so to develop a prospect in the Utica Shale play and expand its acreage position there.

September 12, 2011

Two ‘Other’ California Pipe Operators Offer Contrast

A year after the fatal Pacific Gas and Electric Co. (PG&E) San Bruno, CA, pipeline rupture, California’s two other state-regulated pipe operators offer a marked contrast when it comes to safety practices. They vary greatly from each other as well as from PG&E.

September 9, 2011

Petrochem Industry Eyes Economic Growth from Shale Gas

The natural gas liquids (NGL) in shale gas offer the United States a “tremendous opportunity” to strengthen manufacturing, boost economic output and create jobs, according to a report by the American Chemistry Council (ACC).

June 13, 2011

BC Government Offers Royalty Credits for Infrastructure Builds

The Province of British Columbia thinks it has a winner and is launching a new installment of its offer for royalty forgiveness in exchange for construction of roads and pipeline infrastructure. The province is putting up to C$120 million in royalty credits on the table to spark the next round of infrastructure development in BC’s petroleum and natural gas sector.

February 22, 2011

BC Government Offers Royalty Credits for Infrastructure Builds

The Province of British Columbia thinks it has a winner and is launching a new installment of its offer for royalty forgiveness in exchange for construction of roads and pipeline infrastructure. The province is putting up to C$120 million in royalty credits on the table to spark the next round of infrastructure development in BC’s petroleum and natural gas sector.

February 21, 2011
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