Owners

Expanding its presence in the Bakken Shale region, Global Partners LP has agreed to acquire a 60% membership interest in Basin Transload LLC, which operates two transloading facilities in North Dakota with a combined rail loading capacity of 160,000 b/d.

The federal Bureau of Land Management (BLM) has released an environmental assessment (EA) of XTO Energy Inc.’s proposed Riverbend gas project and is seeking public comment by Oct. 10.

Justin Furnace, president of the Texas Independent Producers & Royalty Owners Association (TIPRO), is resigning Aug. 12 and the organization is seeking a replacement. Candidates should have a bachelor’s degree and management experience, with solid working knowledge of the oil and natural gas business. An understanding of the Texas and U.S. legislative process will also be helpful. Interested parties should send a resume and cover letter to rvarela@tipro.org by Sept. 15. A search committee will contact finalists. For information, visit www.tipro.org. “This is a critical time for the oil and gas industry, and we feel confident we will find the right candidate to fill the position. In the meantime, we are very fortunate to have Rich Varela, senior vice president and a past TIPRO president, agree to serve as interim president of the association while we search for a new leader; therefore, we will not miss a beat during this transition period,” said TIPRO Chairman David Martineau.

Chesapeake Energy Corp. on Wednesday said it would appeal a U.S. District Court decision Tuesday that ordered the producer to pay more than $100 million for reneging on agreements to purchase some natural gas mineral rights in Texas four years ago.

Drawing up a blueprint for regional companies that want to capture the lucrative business opportunities brought on by rampant Marcellus Shale oil and natural gas development in Pennsylvania, University of Pittsburgh researchers this month released a Pitt Business Working Paper titled “Understanding the Marcellus Shale Supply Chain.”

A Pennsylvania lawmaker is proposing legislation that would require real-time monitoring of all natural gas wells and pipelines in the state.

A newly formed organization representing nearly 2,000 New York property owners in Tioga County, NY, has signed a preliminary agreement to develop unconventional natural gas wells using waterless hydraulic fracturing (fracking) — a technique that may allow them to bypass the state’s drilling moratorium.

A newly formed organization that represents about 2,000 New York property owners in Tioga County has signed a preliminary agreement with developers to stimulate unconventional natural gas wells using waterless hydraulic fracturing (fracking) that may bypass the state’s drilling moratorium.

Endeavour International Corp. last Wednesday said it had terminated purchase and sale agreements with SM Energy Co. and other minority owners to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania. SM Energy Co. responded with a threat of legal action.