The news that Chesapeake Energy Corp. secured StatoilHydro ASA as a joint venture (JV) partner in its Marcellus Shale leasehold has come at an opportune time for Gastar Exploration Ltd., which, as it struggles with the credit crisis, also is looking for a capital infusion into its Appalachian holdings.
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Buoyed by Chesapeake’s Deal, Gastar Hopes to Secure Marcellus Partner
The news that Chesapeake Energy Corp. has secured StatoilHydro ASA as a joint venture (JV) partner in its Marcellus Shale leasehold has come at an opportune time for Gastar Exploration Ltd., which, as it struggles with the credit crisis, also is looking for a capital infusion into its Appalachian holdings.
Time is Right for KMI to Go Private, Analyst Says
With Kinder Morgan Energy Partners’ (KMP) Rockies Express pipeline project under way and its own shares trading at a discount, now is an opportune time for Kinder Morgan Inc. (KMI) management to take the company private, an industry analyst told NGI.
With Wisconsin Extension Proceeding, Northern Border Adds to Guardian Ownership
With firm commitments for a 537,200 Dth/d expansion/extension of Guardian Pipeline, Northern Border Partners LP decided it was an opportune time to enlarge its stake in the Wisconsin pipeline system. The company announced Thursday that it paid $77 million to Wisconsin Energy Corp. and WPS Resources Corp. for their separate 33.3% shares in Guardian. The deals give Northern Border 100% ownership of Guardian.