Partnership

Hess Pays $1.05B to Increase Bakken Leasehold

Falling in line with the recent trend of producers targeting more liquid shale plays due to the better economics, Hess Corp. announced it is paying $1.05 billion in cash to acquire 167,000 net acres in the Bakken Shale of North Dakota from TRZ Energy LLC.

November 24, 2010

Industry Briefs

Gulf Coast Fractionators said it will expand the capacity of its natural gas liquids fractionation facility in Mont Belvieu, TX, by 43,000 b/d (42%) to 145,000 b/d. Gulf Coast is a partnership of ConocoPhillips, Devon Energy Corp. and Targa Resources Partners LP. ConocoPhillips, as the operator, will manage the expansion. Existing operations are not expected to be disrupted during the construction. The expansion is expected to be operational during the second quarter of 2012, subject to regulatory approvals.

October 18, 2010

Fractionation Capacity to Expand at Mont Belvieu

Gulf Coast Fractionators said it will expand the capacity of its natural gas liquids (NGL) fractionation facility in Mont Belvieu, TX, by 43,000 b/d (42%) to 145,000 b/d.

October 12, 2010

NGPL, Great Lakes Near Settling Overrecovery Claims

Natural Gas Pipeline Company of America (NGPL) and Great Lakes Gas Transmission Ltd. Partnership have reached settlements in principle with their shippers to resolve Section 5 complaint allegations that they overrecovered their cost of service.

May 17, 2010

NGPL, Great Lakes Near Settling Overrecovery Claims

Natural Gas Pipeline Company of America (NGPL) and Great Lakes Gas Transmission Ltd. Partnership have reached settlements in principle with their shippers to resolve Section 5 complaint allegations that they overrecovered their cost of service.

May 17, 2010

BP, ConocoPhillips Quit Climate Action Partnership

BP America Inc. and ConocoPhillips, along with Caterpillar Inc., last week said they would quit the U.S. Climate Action Partnership (USCAP), the high-profile alliance of businesses and environmental groups lobbying for cap-and-trade legislation to curb U.S. greenhouse gas (GHG) emissions.

February 22, 2010

Williams to Pursue ‘Value-Creating Projects,’ Says CEO

Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new exploration and midstream opportunities, CEO Steve Malcolm said Thursday.

February 22, 2010

Williams Ready to Pursue ‘Value-Creating Projects,’ Says CEO

Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new opportunities, CEO Steve Malcolm said Thursday.

February 19, 2010

Williams Ready to Pursue ‘Value-Creating Projects,’ Says CEO

Williams Cos. Inc. and its subsidiaries combined to lift 4Q2009 profits 50% from a year earlier, and with its pipeline partnership transaction now complete, the Tulsa-based producer is looking for new opportunities, CEO Steve Malcolm said Thursday.

February 19, 2010

BP, ConocoPhillips Quit Climate Action Partnership

BP America Inc. and ConocoPhillips, along with Caterpillar Inc., on Tuesday announced that they have quit the U.S. Climate Action Partnership (USCAP), the high-profile alliance of businesses and environmental groups lobbying for cap-and-trade legislation to curb U.S. greenhouse gas (GHG) emissions.

February 17, 2010
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