Partnership

Even with their plans stalled for importing liquefied natural gas (LNG) along the Pacific Northwest coast, the backers of the limited partnership behind the Jordan Cove LNG project at Coos Bay, OR, said Wednesday they have purchased the project’s 200-acre Ingram Yard site from Weyerhaeuser NR Co., which carries with it an option to acquire an additional 120 acres for the eventual development of a gas-fired electric generation plant.

On the heels of a mega Marcellus Shale partnership agreement in August, CONSOL Energy Inc. on Wednesday announced that Hess Corp. would become its partner on half of its nearly 200,000 acres in the prospective Utica Shale in eastern Ohio.

An open season for Project Mariner West, a proposed pipeline to deliver ethane from MarkWest Liberty Midstream & Resources LLC’s Houston, PA, processing and fractionation complex in the Marcellus Shale to Sarnia, ON, has received binding commitments that enable the project to proceed as designed with an initial capacity to transport approximately 50,000 b/d and the ability to expand to support higher volumes as needed, according to Sunoco Logistics Partners LP.

While it kicks off a long-term partnership with Chesapeake Energy Corp. on a drilling program in the Utica Shale of eastern Ohio, EV Energy Partners LP (EVEP) is preparing its own exploration campaign in the region.

The collapse of a strategic alliance between BP plc and Russia’s largest producer, OAO Rosneft, would limit the options for the UK-based company and its other Russian partnership, TNK-BP, and would result in a negative impact on credit, Moody’s Investors Service analysts said Monday.

Carrizo Oil & Gas Inc. agreed to sell substantially all of its Barnett Shale Tier 1 properties to KKR Natural Resources (KNR), a partnership of an affiliate of Kohlberg Kravis Roberts & Co. LP (KKR) and Premier Natural Resources, for $104 million, the companies said Wednesday.

Midstream players Energy Transfer Partners LP (ETP) and Regency Energy Partners LP have formed a joint venture to follow their producer customers to where the money is: liquids-rich shale plays. The partners are acquiring natural gas liquids (NGL) storage, fractionation and transportation assets to expand their producer service offerings.

The American Petroleum Institute (API) has allied with the Pennsylvania Independent Oil and Gas Association (PIOGA) in a partnership to serve as a forum for information about the Marcellus Shale.

The American Petroleum Institute (API) has allied with the Pennsylvania Independent Oil and Gas Association (PIOGA) in a partnership to serve as a forum for information about the Marcellus Shale.