Presence

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

Contrary to what some of his colleagues might believe, NRG Energy Inc. CEO David Crane says that carbon — its presence in the environment and what that means for global warming — is of preeminent importance to the power industry.

Berry Petroleum expanded its presence in the Piceance Basin through a new farm-in agreement with EnCana Oil & Gas (USA) Inc. in which both companies will develop a portion of EnCana’s North Parachute Ranch property in western Colorado. Berry will fund the drilling of 90 natural gas wells on EnCana’s valley lands and will acquire 4,300 gross acres elsewhere in the North Parachute Ranch property with a working interest of 95% and a net revenue interest of 79%.

Berry Petroleum has significantly expanded its presence in the Piceance Basin through a new agreement with EnCana Oil & Gas (USA) Inc. to jointly develop a portion of EnCana’s North Parachute Ranch property in western Colorado. Berry will fund the drilling of 90 natural gas wells on EnCana’s valley lands and will acquire 4,300 gross acres elsewhere in the North Parachute Ranch property with a working interest of 95% and a net revenue interest of 79%.

National Grid will grow its presence in New England with the purchase of Rhode Island local distribution company assets from Southern Union Co., which said the sale furthers its transition from a utility to a natural gas transportation and services business.

Concerns about the presence of a tropical storm in the Gulf of Mexico and petroleum sympathy seemed to trump the release of a bearish natural gas storage report on Thursday, as July natural gas futures ended up settling 4.5 cents higher on the day at $7.045.

Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).

Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).