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Carlyle, Sunoco JV Eyes Growth Fueled by Marcellus, Bakken

The Carlyle Group LP and Sunoco Inc. on Monday stepped up with an ambitious plan to keep the doors open at the oldest continuously operating refinery on the East Coast. The new venture is eyeing growth from the gassy Marcellus Shale that surrounds the refinery, while the oily Bakken Shale would provide up to 140,000 b/d of low-cost fuel supplies.

July 3, 2012

Water Withdrawal Suspensions Hit 22 Operators in SRBC Order

A drop in northern Pennsylvania stream flow levels once again has forced the Susquehanna River Basin Commission (SRBC) to suspend water withdrawal permits for more than 22 companies holding 37 separate permits in Pennsylvania and New York. More than half of the companies affected are energy operators working in the Marcellus Shale.

July 2, 2012

Marcellus Could Spark Life into Old Oil Complex, Says IHS

Marcellus Shale reserves may spark life into a shuttered, 110-year-old oil refinery complex south of Philadelphia that once supported nearly 500 jobs, according to IHS Inc. researchers.

June 29, 2012

Researchers to Make Marcellus Geodatabase Available Online

Information gathered from six separate natural gas development datasets — all currently available on the Pennsylvania Department of Environmental Protection (DEP) website — have been formatted into a single geodatabase file by the Center for Biodiversity and Ecosystems (CBE) at the Carnegie Museum of Natural History, which plans to make the information available through an interactive online map by the end of the year.

June 5, 2012

Kinder Wraps $38B El Paso Deal; ‘Bullish’ on Gas Future

Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan Inc. (KMI) on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.

May 28, 2012

Kinder Wraps $38B El Paso Deal; ‘Bullish’ on Gas Future

Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.

May 25, 2012

Kinder Morgan Completes $38B El Paso Mega-Acquisition

Wrapping up the $38 billion acquisition that has been called a “once in a lifetime transaction,” Kinder Morgan on Thursday completed its acquisition of El Paso Corp., creating the largest midstream and the fourth largest energy company in North America, owning an interest in or operating approximately 75,000 miles of pipelines and 180 terminals with an enterprise value of more than $90 billion.

May 25, 2012

Investors Coalition Supports Best Practices for Shale Fracking

Fifty-five investment organizations and institutional investors with nearly $1 trillion in assets under management are pushing for implementation of “best practices” for hydraulic fracturing (fracking), according to a trio of shareholder groups — Boston Common Asset Management, the Investor Environmental Health Network (IEHN) and the Interfaith Center on Corporate Responsibility (ICCR) — which are spearheading the effort.

May 21, 2012

EnerVest CEO Advises NatGas Peers to ‘Conspire to Constrain Supply Growth’

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012

Wyoming Asks High Court to Review ‘Roadless Rule’

The state of Wyoming has petitioned the Supreme Court to hear its challenge of the Clinton-era “roadless rule,” which places restrictions on road-building to carry out energy exploration and production, logging and other commercial activities on more than 58 million acres of forest lands.

May 17, 2012