A consortium of private equity investors is readying a $7.15 billion leveraged buyout of El Paso Corp.’s exploration and production (E&P) business, which includes an array of liquids-rich U.S. unconventional property that extends across Texas, Louisiana, the Raton Basin and the Rocky Mountains.
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New Projects Lift Chevron Reserves Numbers
Chevron Corp. said Friday it nearly tripled its natural gas and oil production in 2011 and is readying for some new project start-ups in the coming year, as well as delineating its onshore prospects in the Marcellus and Utica shales.
Shell Soon to Launch U.S. GTL Business, Says Exec
Royal Dutch Shell plc is readying the launch of natural gas-to-liquids (GTL) business in the United States, a company executive said in Houston on Thursday.
ConocoPhillips Puts Chips on E&P in 2012
ConocoPhillips, which is readying a spinoff of its refinery operations to reemerge as the largest pure-play explorer in North America, is planning to spend $15.5 billion for its capital program in 2012 and repurchase up to $10 billion more of its common stock.
Shell Readies for ‘New Wave’ of Production Growth
Royal Dutch Shell plc is readying for a “new wave” of natural gas and oil production growth to carry it beyond 2012, CFO Simon Henry told financial analysts Wednesday.
Louisiana’s Refinery Waste May Find New Life as Synthetic Gas
NC12 Inc., formerly Texas Syngas Inc., is readying an effort to construct a synthetic natural gas facility near some Louisiana oil refineries that would convert used coal and petroleum coke wastes into gas.
Louisiana’s Refinery Waste May Find New Life as Synthetic Gas
NC12 Inc., formerly Texas Syngas Inc., is readying an effort to construct a synthetic natural gas facility near some Louisiana oil refineries that would convert used coal and petroleum coke wastes into gas.
Exxon Submits Another Point Thomson Development Plan
ExxonMobil Corp. is readying yet another plan to produce natural gas from its Point Thomson field on the North Slope of Alaska. The $1.3 billion, six-year project, if approved by state officials, could ramp up in 2009 and perhaps help push forward the long-awaited gas pipeline.
MMS on Collision Course with FWS in Chukchi Sea Lease Sale
The Department of Interior’s (DOI) Minerals Management Service (MMS) is readying its first federal Outer Continental Shelf (OCS) oil and natural gas lease sale offshore Alaska in 17 years, but the sale could pit the MMS against another DOI agency that is considering whether to list the polar bear as a threatened or endangered species.
Chukchi Sea Lease Sale May Pit MMS Against Interior’s FWS
The Department of Interior’s (DOI) Minerals Management Service (MMS) is readying its first federal Outer Continental Shelf (OCS) oil and natural gas lease sale offshore Alaska in 17 years, but the sale could pit the MMS against another DOI agency that is considering whether to list the polar bear as a threatened or endangered species.