Pursue

Constitution Pipeline Co. LLC said Friday it would work with Leatherstocking Gas Co. LLC, a New York-based natural gas supplier, to pursue agreements to design, build and operate delivery interconnects along the natural gas pipeline’s proposed 121-mile route, essentially converting it to an “open access pipeline.”

SM Energy Co. intends “to pursue any and all legal remedies” arising from Endeavour International Corp.’s decision to terminate agreements to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania, the Denver-based company said.

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).

Scottish upstream operator Weir Group plc is extending its reach into North America’s unconventional natural gas and oil fields with a deal to acquire Houston-based Seaboard Holdings Inc. for $675 million.

SemGroup Corp. has rejected a $1.24 billion takeover bid by Plains All American Pipeline LP, but Plains said it intends to continue to pursue the midstream operator. SemGroup, which emerged from bankruptcy in late 2009, purchases, sells, processes, transports and stores crude oil, natural gas, natural gas liquids, asphalt and refined products. It recently had announced plans to increase the capacity of its gas processing facilities in northern Oklahoma, and the board said the increased processing capacity and other long-term strategies offered a compelling future for its shareholders.

Pacific Gas and Electric Co. (PG&E) will file Wednesday with California regulators its final agreement to pursue an accelerated verification of operating pressures for up to 700 miles of transmission pipeline in heavily populated areas, along with paying a $3 million fine and agreeing to pay an additional $3 million in fines if it fails to meet the new deadlines for completing the pressure testing.

BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.

BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.