Possible

Chesapeake Energy Corp. is contemplating how to structure a possible partnership for its South Texas conventional natural gas leasehold, the company’s CFO said Friday. Instead of selling an outright stake in the assets, as has been Chesapeake’s recent modus operandi, it instead may use a volumetric production payment (VPP) transaction, which would give the buyer some oil and natural gas output in exchange for cash.

Northern Border Pipeline Co. has sold Bison Pipeline LLC to TransCanada Pipeline USA Ltd., setting the stage for a possible combination of the Bison Pipeline Project with TransCanada’s proposed Pathfinder Project in order to tap Rockies supplies for midwestern markets.

Northern Border Pipeline Co. has sold Bison Pipeline LLC to TransCanada Pipeline USA Ltd., setting the stage for a possible combination of the Bison Pipeline Project with TransCanada’s proposed Pathfinder Project in order to tap Rockies supplies for midwestern markets.

Tennessee said it will have to shut in the 526A-100 Line as soon as possible in order to replace a valve on the Scofield platform near Port Sulphur, LA. Equipment and personnel are anticipated to arrive at the site Wednesday, and Tennessee is estimating that it will take five days for repair completion. Physical flow will be suspended at 32 meters from Wednesday through Aug. 1, Tennessee said. Travel time for work boats and crew mobilizations prompted the pipeline to add a few extra shut-in days for contingency purposes, a spokesman said.

Senate Republicans blocked a recent attempt by Sen. Maria Cantwell (D-WA) to win expedited approval of a bill that sought to wring out “excessive” speculation and possible manipulation in the energy futures markets that Democrats contend are responsible for record high crude oil prices, which eclipsed $143 a barrel early Monday.

Senate Republicans Friday blocked an attempt by Sen. Maria Cantwell (D-WA) to win expedited approval of a bill that sought to wring out “excessive” speculation and possible manipulation in the energy futures markets that Democrats contend are responsible for record high crude oil prices, which eclipsed $143 a barrel early Monday.

Wyoming Gov. Dave Freudenthal wants the U.S. Forest Service to redo portions of a draft supplemental environmental impact study (EIS) on possible oil and gas drilling impacts in the Wyoming Range after claiming that a producer was allowed to “guide and fund” the study and privately participate in agency meetings.

Wyoming Gov. Dave Freudenthal wants the U.S. Forest Service to redo portions of a draft supplemental environmental impact study (EIS) on possible oil and gas drilling impacts in the Wyoming Range after claiming that a producer was allowed to “guide and fund” the study and privately participate in agency meetings.

Calgary-based Nexen Inc. said last week that media reports of a possible breakup or sale of parts of the company are incorrect. The announcement followed reports that hedge funds are pushing for a breakup and an analyst report that a spin off of assets could realize additional value.