QEP Resources Inc. has informed federal regulators that its plans to expand in the Permian Basin by purchasing about 9,400 net acres in West Texas for $600 million will be delayed, with the closing date pushed back by about one month.
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Emera Acquires Three Gas-Fired New England Plants in $541M Deal
In a move aimed at diversifying the company’s northeastern U.S. power generation portfolio, Halifax, Nova Scotia-based Emera Inc. reported Wednesday that it has entered into a $541 million agreement to purchase three combined-cycle gas-fired electricity generating facilities in New England from Capital Power Corp.
Whiting Adds to Bakken War Chest
Whiting Petroleum Corp. is building its presence in the Williston Basin by purchasing some acreage in North Dakota and Montana, the Denver-based operator said Tuesday.
Exco Still In the Market After Last Week’s $1B Deal
Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp. last week, CEO Douglas Miller said Monday. There are plenty of deals, and financing is available, he told analysts following the company.
FERC Form 552 Data Shows Shift in 2012 Supply-Demand Mix
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by Natural Gas Intelligence (NGI) of 2012 Form 552 buyer and seller filings with FERC.
NatGas Transactions Declined, Supply-Demand Mix Shifted in 2012
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by NGI’s Shale Daily of 2012 Form 552 buyer and seller filings with FERC.
FERC Form 552 Data Shows Shift in 2012 Supply-Demand Mix
Total combined natural gas purchase and sales volumes were 123,868 TBtu (Bcf) in 2012, a 0.7% decline compared with 124,752 TBtu in 2011, according to an analysis by Natural Gas Intelligence (NGI) of 2012 Form 552 buyer and seller filings with FERC.
Chesapeake Taps Anadarko Veteran to Succeed McClendon
Robert Douglas Lawler, 46, one of Anadarko Petroleum Corp.’s top exploration and production (E&P) executives, on Monday was named the new CEO of Chesapeake Energy Corp.
MarkWest Buys Chesapeake Midstream Business in Anadarko Basin
Marcellus and Utica shale midstreamer MarkWest Energy Partners LP has expanded its service offerings in the Anadarko Basin in a $245 million cash agreement with Chesapeake Energy Corp.
Industry Briefs
Britain’s Centrica plc has struck a 20-year sale and purchase agreement with Cheniere Energy Partners LP’s Sabine Pass Liquefaction LLC for 1.75 million metric tons per annum (mmtpa) of liquefied natural gas (LNG) with deliveries to begin as early as 2018. The contracted amount is equivalent to 91,250,000 MMBtu/year and with Sabine’s contract with Total Gas & Power North America Inc. (see NGI, Dec. 24, 2012), brings Train 5 contracted volumes to 3.75 mmtpa. Centrica, Sabine’s sixth LNG export customer, is to buy LNG on a free on board basis at a Henry Hub indexed price, plus a fixed component,. The 20-year contract, contingent on regulatory and financing approvals, begins on the date of first commercial delivery from Train 5 and has an extension option of up to 10 years. Centrica businesses include British Gas, which serves about 12 million homes in Britain, nearly half of the country’s homes, and Direct Energy, which has businesses in natural gas production, power generation and distribution in North America.