Picking

Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.

Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.

With its shareholders picking up about 80% of the tab, Pacific Gas and Electric Co. (PG&E) spent more than a half-billion dollars last year on natural gas transmission pipeline/storage safety-related work, according to a report the utility filed with state regulators last Friday. The total was $81.9 million more than a budget settlement approved at mid-year 2011 by the California Public Utilities Commission (CPUC).

A new joint venture formed by Crestwood Midstream Partners LP and Crestwood Holdings Partners LLC has acquired a Marcellus Shale gathering system in northern West Virginia owned by Antero Resources Appalachian Corp., the companies announced Monday.

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said last week.

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said Monday.

Apache Corp. is picking up 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in Oklahoma and Texas with estimated proved reserves of 71.5 million boe through a $2.85 billion deal to acquire privately held Cordillera Energy Partners III LLC, the Houston-based company said Monday.

A major U.S. microturbine maker has found a new niche market for its onsite combined heat-and-power generating systems. Los Angeles-based Capstone Turbine Corp. is finding rapid growth for its products in the oil and gas patch.

Pacific Gas and Electric Co. (PG&E) said Monday part of its transmission pipeline picking up Southwest supplies at the California-Arizona border failed a hydrostatic test earlier in the day. Crews were working to replace a one-mile segment of Line 300 B in a remote part of Bakersfield, CA, in the southern central valley region.