Player

Renewables may be the darling in some political and conservation sectors, but it’s the oil and natural gas industry’s investment in technology that will ensure it remains the dominant player in the global energy markets for decades to come, according to a new report published by the Manhattan Institute.

Dry gas player Southwestern Energy Co. is having “success in a low gas-price environment,” not just surviving, said CEO Steve Mueller.

Propane player NGL Energy Partners LP announced Monday that it has signed merger agreements with two High Sierra (HSE) entities, creating a diversified company through a cash and stock deal valued at $693 million, less assumed net debt.

Energy Transfer Partners LP (ETP) is buying Sunoco Inc. for $5.3 billion in a deal intended to diversify the natural gas midstream player’s business by adding transport of heavier hydrocarbons such as crude oil, natural gas liquids (NGL) and refined products. Acquisition of Philadelphia-based Sunoco would also give Dallas-based ETP assets in the Marcellus Shale region.

Houston-based Contango Oil & Gas Co., better known as a Gulf Coast player, on Monday joined with some financially savvy partners to invest up to $380 million over the next five years in Encana Corp.’s holdings in the Jonah field, one of the largest natural gas fields in the United States and the third largest oilfield in Wyoming.

The early days of the Utica Shale are proving to be far more competitive than the early days of its cousin, the Marcellus Shale, the head of a major midstream player told NGI last week.

The early days of the Utica Shale are proving to be far more competitive than the early days of its cousin, the Marcellus Shale, the head of a major midstream player told NGI’s Shale Daily.

North Louisiana’s Haynesville Shale boom has been a starring player in the country’s natural gas renaissance. However, conventional drilling in the southern part of the state has been stymied by the threat of litigation over things that occurred decades ago, producers have argued and a new study asserts.

North Louisiana’s Haynesville Shale boom has been a starring player in the country’s natural gas renaissance. However, conventional drilling in the southern part of the state has been stymied by the threat of litigation over things that occurred decades ago, producers have argued and a new study asserts.