The war of words between Oklahoma City-based SandRidge Energy Inc. and hedge fund TPG-Axon Capital, one of the exploration and production (E&P) company’s largest investors, was renewed this week, with both sides appealing to SandRidge shareholders for support.
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Pennsylvania Air Quality Improved Amidst Marcellus Boom
Thanks to Pennsylvania air quality regulations and the “increased use of natural gas in the power generation sector,” Pennsylvania Department of Environmental Protection (DEP) Secretary Mike Krancer said air pollution has “gone down considerably” within the state since 2008, even as the unconventional production of shale oil and gas ramped up.
SandRidge Sells Permian Portfolio for $2.6B
SandRidge Energy Inc. on Wednesday agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.
Miss-Understood Lime ‘Unconventional Conventional’ Play
What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.
National Fuel Proposes Pooling, Storage Flexibility in Appalachia
National Fuel Gas Supply Corp. in separate filings has asked FERC for permission to create new pooling points on its system and to enhance gas storage service by decoupling injection and withdrawal rights from storage capacity rights.
Atlas Pipeline’s Natural Gas Volumes Top Record
Atlas Pipeline Partners LP, which serves producers in West Texas, Oklahoma and Kansas, surpassed a record for processed natural gas volumes in 3Q2012, which were up 36% from a year ago, executives said Wednesday.
Industry Briefs
Friday morning Kinder Morgan Inc.’s Tennessee Gas Pipeline lifted a critical day 1 operational flow order (OFO) that had been in effect for balancing parties downstream of its Station 249 in zones 5 and 6 (see Daily GPI, Aug. 31).
Quicksilver: Longer Laterals, Larger Fracks Slated for Bone Spring
Fort Worth, TX-based Quicksilver Resources Inc. provided an operational update on its recently completed well in the Delaware Basin in West Texas and the completion of an eight-well pad in the Horn River Basin in British Columbia (BC).
Tennessee Marcellus Discount to Persist, Says Bentek
Tennessee Gas Pipeline (TGP) Zone 4 cash basis will remain weak for a while, although it will see an uplift of about 50 cents at the end of the year when the pipeline’s Northeast Supply Diversification project and National Fuel’s Northern Access expansion come online, Bentek Energy LLC said in a recent market note.
Royal Society: Fracking OK for the UK with Regulation
Operational best practices and “robustly enforced” regulation can make hydraulic fracturing (fracking) a safe practice in the United Kingdom, according to a review by the Royal Society and the Royal Academy of Engineering.