EnerJex Resources Inc. has agreed to acquire privately held Black Raven Energy Inc., a Denver-based company with more than 75,000 net acres leased in the Denver-Julesburg (DJ) Basin.
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Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.
Casper, WY-based Moser Energy Systems, a privately held, 40-year-old family-run enterprise, has found a steadily growing market for its natural gas-fueled industrial-grade engines in the hottest of the shale plays: the Bakken in North Dakota and the Eagle Ford in Texas.
Crosstex Energy Inc. will invest about $25 million in a third natural gas compression and condensate stabilization facility in the Ohio River Valley through E2, a company Crosstex formed in March with former management of Enerven Compression Services to serve Utica Shale producers.
NET Midstream unit NET Mexico Pipeline LP plans to build a 124-mile, 42-inch diameter natural gas pipeline to carry gas produced in the Eagle Ford Shale of South Texas to the Texas-Mexico border.