Offered

Enterprise Products Partners LP (EPD) has offered to buy Duncan Energy Partners LP (DEP), of which it already owns a majority, through a unit-for-unit exchange in a deal worth about $2.42 billion.

Last year offered “ample reason” for investors to turn bearish on natural gas, Chesapeake Energy Corp. CEO Aubrey McClendon said Wednesday. “We heard it was a terrible product and no one would ever make any money at it.”

For the second time this week, legislative language has been offered on Capitol Hill to strip the Environmental Protection Agency (EPA) of authority to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA).

Emphasizing education and his state’s economy, Oregon’s new governor last week offered an inaugural address that was devoid of any clues as to how he will treat energy issues in a state buffeted by high unemployment and a $3.5 billion budget deficit. However, a spokesperson in the state energy department said Gov. John Kitzhaber has indicated that he wants to focus on energy efficiency, biomass and long-term energy planning.

Emphasizing education and his state’s economy, Oregon’s new governor on Monday offered an inaugural address that was devoid of any clues as to how he will treat energy issues in a state buffeted by high unemployment and a $3.5 billion budget deficit. However, a spokesperson in the state energy department said Gov. John Kitzhaber has indicated that he wants to focus on energy efficiency, biomass and long-term energy planning.

The Federal Energy Regulatory Commission (FERC) has approved a plan by National Fuel Gas Supply Corp. to relocate and increase the capacity of its Line N pipeline, which runs north from an interconnection with Texas Eastern Transmission in Greene County, PA, through Washington, Allegheny, Beaver, and Lawrence counties, and terminates near Slippery Rock in Butler County, PA. National Fuel will relocate parts of the 20-inch diameter line that have been subject to repeated disruptions by subsidence caused by long-wall coal mining in the area. The project calls for the replacement of about 30 miles of pipeline and the installation of a new 4,740 hp compressor station, which will boost capacity on the line running through prime Marcellus Shale territory. National Fuel said it has a precedent agreement with a producer for 150,000 Dth/d of firm transportation through the line. FERC also approved the company’s plan to leave the deactivated sections of Line N in place, since they could be needed in the future once mining operations are concluded to handle increased Marcellus production expected in the area.

The Department of Energy (DOE) has offered a nearly $50 million conditional loan commitment to The Vehicle Production Group LLC (VPG) to support the development of the six passenger MV-1, a wheelchair-accessible vehicle that will run on compressed natural gas (CNG), Energy Secretary Steven Chu said Tuesday.

On a one-on-one basis with affected property owners, Pacific Gas and Electric Co. (PG&E) has offered various options for making whole the owners of the destroyed or damaged San Bruno, CA, homes from the Sept. 9 natural gas transmission pipeline explosion and fire that killed eight, destroyed 37 homes and damaged 18 others.

The Bureau of Land Management (BLM) Utah office said it sold 11 of 12 parcels offered in its latest quarterly oil and natural gas lease sale. The sold parcels total 9,195 acres of federal land administered by BLM’s Vernal, UT, Field Office. During the oral auction BLM received more than $1.25 million in bonus bids for the federal lease rights. In addition to the bonus bids, the sale netted $13,797 in rental fees and $1,595 in administrative fees, for more than $1.26 million in total revenues. Tendy Management LLC of Henderson, NV, submitted the highest total bid per acre at $560 on parcel No. 39, which contains 80 acres. The highest total bid per parcel was by Rosewood Resources Inc. of Dallas for $518,400 on parcel No. 56, which contains 2,160 acres. The average bid per acre sold was $136.10.