Private

People

Former Anadarko Petroleum Corp. chief Jim Hackett was appointed to co-lead the Houston office of private energy investment giant Riverstone Holdings LLC. Hackett stepped down as Anadarko CEO in 2012 and retired as executive chairman in May; he still plans to pursue a master’s degree in theological studies at Harvard Divinity School, completing a two-year program over the next four years (see Daily GPI, March 12). Working at Riverstone is “a way to still stay in touch with a business I love as a principal, but to do it very much in light of my primary duty, which is to go back to school.” Riverstone, founded in 2000, has nearly $24 billion in seven investment funds, with equity invested in operators that include deepwater explorer Cobalt International Energy Inc., midstreamer Magellan Midstream Partners LP and UK shale explorer Cuadrilla Resources Ltd.

June 17, 2013

Not Everyone is Ready to Sign Appalachian Fracking ‘Peace Treaty’

It was billed as a bilateral effort to ensure safe and environmentally responsible development of the Appalachian Basin’s shale gas resources, but not everyone on the environmental side of the aisle is ready to embrace the Center for Sustainable Shale Development (CSSD).

March 25, 2013

Rail Terminal Planned to Serve Texas, New Mexico Producers

Rangeland Energy is buying land near Loving, NM, where it plans to develop a large terminal facility to handle crude oil, frack sand, pipe and other products; plans for a crude oil pipeline to the terminal also are in the works, the company said Monday.

March 21, 2013

Deepwater GOM Ventures Targeted by Private Equity

Private equity (PE) upstream investor Ridgewood Energy Corp. is partnering with a fund managed by Riverstone Holdings LLC to invest more than $550 million in a series of deepwater exploration projects in the Gulf of Mexico (GOM).

March 6, 2013

EMG Finalizes Increased Stake in Utica Midstream Venture

Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG) have completed an amendment to give EMG a larger stake in their joint venture (JV) in the Utica Shale.

February 26, 2013

People

Mack Redford, a former Boise private practice attorney, has been confirmed for a second six-year term on the Idaho Public Utilities Commission (PUC) by the Idaho State Senate. Redford was appointed to a second six-year term by Gov. Butch Otter, who originally appointed him to the PUC in 2007, and in 2008-2009 he served as president of the three-member regulatory panel. A former attorney specializing in commercial transactions, construction and engineering law, Redford now serves on the National Association of Regulatory Commissioners, serving on both the international and water committees.

February 22, 2013

Endurance Receives $100M to Expand Presence in Bone Spring

Endurance Resources Holdings LLC announced Monday that Lime Rock Partners, a global energy-focused private equity firm, had committed $100 million for Endurance to acquire oil-focused assets and additional opportunities in two Southeast New Mexico counties that overlay the Bone Spring formation.

January 8, 2013

State Regulators Join San Francisco, PG&E Pipe Fray

A standoff between the city of San Francisco and its major private-sector utility, Pacific Gas and Electric Co. (PG&E), which is preventing the last few miles of outdated cast iron natural gas pipelines in the city from being replaced, has caused state regulators to enter the dispute.

September 17, 2012

CPUC Adds Muscle to San Francisco, PG&E Fight

A standoff between the city of San Francisco and its major private-sector utility, Pacific Gas and Electric Co. (PG&E), that is preventing the last few miles of outdated cast iron gas pipelines in the city from being replaced has caused state regulators to enter the dispute.

September 17, 2012

Forest Oil Makes Interim Chief Permanent

Denver-based Forest Oil Corp. Wednesday said it would make interim CEO Patrick R. McDonald the company’s permanent chief, prompting speculation by one analyst that “all strategic options remain on the table for the company.”

September 13, 2012