Eagle Rock Energy Partners LP will purchase Tulsa-based CC Energy II, a portfolio company of Natural Gas Partners VIII LP that is also called Crow Creek Energy, for $525 million, the Houston-based partnership said Tuesday.
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Eagle Rock to Pay $525M for Crow Creek Energy
Eagle Rock Energy Partners LP will purchase Tulsa-based CC Energy II, a portfolio company of Natural Gas Partners VIII LP that is also called Crow Creek Energy, for $525 million, the Houston-based partnership said Tuesday.
Renewables Still in Play, Say Supporters
Although it missed its long-sought 20% renewable portfolio standard (RPS) goal last year, the California Public Utilities Commission (CPUC) said last week it is on track to hit it this year if projections by the investor-owned utilities (IOU) turn out to be correct and by 2013 if other forecasts turn out to be more accurate.
California Renewable Goals on Track; IOUs Avoid Penalties
Although it missed its long-sought 20% renewable portfolio standard (RPS) goal last year, California is on track to hit it this year if projections by the investor-owned utilities (IOU) turn out to be correct and by 2013 if other forecasts turn out to be more accurate. This was the essence of a quarterly report released last Monday by the California Public Utilities Commission (CPUC).
Australia’s BHP Billiton Grabs Fayetteville Leasehold
Australian energy giant BHP Billiton Petroleum, better known for its Gulf of Mexico (GOM) development, chiseled off a piece of Chesapeake Energy Corp.’s huge U.S. portfolio in a $4.75 billion cash deal to acquire almost half a billion acres in the Fayetteville Shale.
Western Gas Builds Rockies Portfolio
Western Gas Partners LP, which until now has built its portfolio by acquiring assets from parent Anadarko Petroleum Corp., agreed last week to pay $303.3 million to buy some U.S. midstream properties from Encana Corp.
Western Gas Builds Rockies Portfolio
Western Gas Partners LP, which until now has built its portfolio by acquiring assets from parent Anadarko Petroleum Corp., said Tuesday it would pay $303.3 million to buy some midstream properties from Encana Corp.’s U.S. subsidiary.
EXCO to Buy Marcellus Acreage from Chief Oil
EXCO Resources Inc. plans to add to its Marcellus Shale portfolio under a $459.4 million agreement with Chief Oil & Gas LLC.
Oregon LNG Developer Eyes Generation Plants
With a growing generation portfolio elsewhere in North America, Canada-based Fort Chicago, the backer of one of two remaining proposed liquefied natural gas (LNG) projects in Oregon, is also looking longer term to develop gas-fired generation plants around the Pacific Northwest. The effort will go forward whether or not its Jordan Cove LNG project at Coos Bay, OR, ever gets built.
Industry Briefs
Houston explorer Sheridan Production Partners LLC has raised $1.8 billion of new equity commitments that it plans to use to complement its portfolio of assets in Oklahoma, Texas and New Mexico. Sheridan Production Partners II, the second private offering of limited partner interests, was oversubscribed and reached its hard cap, company officials said. Since its formation in 2006 by Sheridan Management and Warburg Pincus, the partnership said it has raised more than $3 billion in equity through private placements of its two investment vehicles (see NGI, Oct. 5, 2009; Aug. 13, 2007).