Offering

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

Energy technology breakthroughs introduced in recent weeks are offering a peek at the future of the oil and gas industry, which is less H.G. Wells and more J.J. Abrams.

Energy technology breakthroughs introduced in recent weeks are offering a peek at the future of the oil and gas industry, which is less H.G. Wells and more J.J. Abrams.

Energy infrastructure giant Williams, whose pipeline partnership holds a bundle of huge natural gas and liquids operations in the Northeast, expects to see “full ethane rejection” through 2015, which will lead to “near-term headwinds” for the unit, CEO Alan Armstrong said Wednesday.

Strong natural gas prices are offering Devon Energy Corp. an opening into putting more gas rigs back to work later this year, CEO John Richels said Wednesday.

North Dakota Gov. Jack Dalrymple on Monday signed into law a measure (HB 1134) offering tax breaks to oil and natural gas operators as an incentive to cut flaring of associated gas at the wellhead on oil wells. HB 1134 was passed last week by the North Dakota legislature. It will be effective July 1.

CenterPoint Energy Inc., OGE Energy Corp. and ArcLight Capital Partners are forming a midstream master limited partnership (MLP) that will start off with 8,400 miles of interstate and 2,300 miles of intrastate pipelines in Oklahoma, Arkansas, Texas and Louisiana, plus some other assets.

Westlake Chemical Corp. enjoyed record fourth quarter and full year results last year, driven in large part by lower ethylene feedstock costs resulting from the abundant supply of natural gas liquids (NGL) coming out of North American shale plays, CEO Albert Chao told analysts during a conference call Tuesday.

The FracTracker Alliance and Mountain Watershed Association (MWA) are offering free training sessions across southeastern Pennsylvania for citizens who want to utilize the mapping capability of fractracker.org, a web-based tool for tracking and visualizing data related to shale gas extraction operations. The sessions “will show people how to find where drilling operations are located and learn more about them, according to MWA, which said the tool is already being used by citizen water monitoring volunteers and community advocates. Sessions are scheduled in Washington County Feb. 26, Butler County March 26, and Westmoreland County April 30, with more sessions planned through October. Information and registration is available by contacting Melissa Troutman (melissa@mtwatershed.com, (724) 455-4200 ext 6). The training sessions are sponsored by the Heinz Endowments (see Shale Daily, Sept. 2, 2011).