ExxonMobil Corp., which is buying onshore natural gas shale giant XTO Energy Inc., disclosed on Monday that it also has partnered with a privately held Pennsylvania-based independent to explore nearly 300,000 net acres in the Marcellus Shale.
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Alta Mesa to Buy Meridian Resource
Alta Mesa Holdings LP, a privately held energy producer based in Houston, on Wednesday agreed to acquire Meridian Resource Corp. for $26.8 million in cash and assume all of the company’s outstanding debt, estimated at about $96 million.
FERC Investigation ‘Flawed, Superficial, Incomplete,’ Northern Says
FERC’s analysis leading to the initiation of a Natural Gas Act Section 5 investigation into the rates of Northern Natural Gas was “flawed, superficial and incomplete,” Mark Hewett, Northern Natural president, told customers last Tuesday.
Contractor Merger Targets Gas Pipeline Build-Out
Houston-based contracting services provider Quanta Services Inc. has agreed to acquire privately held Price Gregory Services Inc., a natural gas and oil transmission pipeline infrastructure services provider, for cash and stock worth about $350 million. The deal is in anticipation of “substantial growth” in infrastructure development to support unconventional gas plays, Quanta said.
Contractors Merging to Target Gas Pipeline Build-Out
Houston-based contracting services provider Quanta Services Inc. has agreed to acquire privately held Price Gregory Services Inc., a natural gas and oil transmission pipeline infrastructure services provider, for cash and stock worth about $350 million. The deal is in anticipation of “substantial growth” in infrastructure development to support unconventional gas plays, Quanta said.
Tom Hicks Takes Swing at E&P in Resolute Energy Deal
Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced last week, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.
Tom Hicks Takes Swing at E&P in Resolute Energy Deal
Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.
Gas Playing Bigger Role in Puget Sound Energy Plans
Privately held Puget Sound Energy (PSE) filed a revised integrated resource plan (IRP) with Washington state regulators Thursday, calling for up to a 30% increase in its energy efficiency goals, along with stepped-up development of renewable resources and natural gas-fired generation. The 2009 IRP, filed with the Washington Utilities and Transportation Commission, covers a 20-year horizon in assessing the utility’s resource needs.
Denver Producer Prevails in Gas Royalties Case
K.P. Kauffman Co. Inc. (KPK), a privately owned Denver-based producer, has prevailed in a class-action lawsuit that sought more than $10.6 million for underpayment of natural gas royalties.
Denver Producer Prevails in Gas Royalties Case
K.P. Kauffman Co. Inc. (KPK), a privately owned Denver-based producer, has prevailed in a class-action lawsuit that sought more than $10.6 million for underpayment of natural gas royalties.