Chesapeake Energy Corp. is in advanced negotiations to sell all of its midstream assets, including its stake in Chesapeake Midstream Partners LP (CHKM), for more than $4 billion, a transaction that could be completed in the next few days, sources told NGI’s Shale Daily on Wednesday. The bidder is said to be private equity giant Global Infrastructure Partners (GIP), which initially helped to fund the master limited partnership (MLP) and which continues to be a joint partner.
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Drilling on Game Lands Approved by Pennsylvania
The Pennsylvania Game Commission (PGC) approved four deals with Marcellus Shale operators at its April meeting, including one that could lead to drilling on state lands.
Crosstex Expands Midstream Infrastructure
Targeting natural gas and natural gas liquids (NGL) production from shale plays in Texas, Louisiana and Pennsylvania; and conventional production from the Gulf of Mexico, Crosstex Energy Inc. unit Crosstex Energy LP has completed and brought online two expansions of its natural gas gathering system in the Barnett Shale in North Texas and has reactivated its Eunice NGL fractionator in south central Louisiana.
DOE Approves LNG Re-Exports From Cameron Terminal
Sempra LNG Marketing LLC may begin exporting previously imported liquefied natural gas (LNG) from the Cameron LNG Terminal in Cameron Parish, LA, beginning Feb. 1, provided an affiliate receives the necessary FERC authorization, the U.S. Department of Energy Office of Fossil Energy (DOE/FE) said.
ChevronTexaco Receives Key Permit for Baja California LNG Terminal
ChevronTexaco de Mexico said Thursday that it has been awarded a permit from Mexico’s Regulatory Energy Commission (CRE) for a proposed liquefied natural gas (LNG) import terminal off the coast of Baja California, Mexico. The move puts the company one step closer to its goal of delivering natural gas to Mexico and the U.S. West Coast.
ChevronTexaco Receives Key Permit for Baja California LNG Terminal
ChevronTexaco de Mexico said Thursday that it has been awarded a permit from Mexico’s Regulatory Energy Commission (CRE) for a proposed liquefied natural gas (LNG) import terminal off the coast of Baja California, Mexico. The move puts the company one step closer to its goal of delivering natural gas to Mexico and the U.S. West Coast.
Mirant’s Fuller Resigns, Receives $3.4M Severance
Marce Fuller, CEO of Atlanta-based Mirant Corp., is resigning from the bankrupt energy supplier in exchange for $3.4 million in severance pay plus a promised 2004 short-term incentive payment of $850,000, according to a regulatory filing with the Securities and Exchange Commission on Thursday. The agreement calls for Fuller to work as a consultant on Mirant’s bankruptcy case after she leaves.
Transco’s New Jersey Expansion Receives Environmental Clearance
The staff of the Federal Energy Regulatory Commission has given an environmental nod to Transcontinental Gas Pipe Line to expand its transmission system in New Jersey by 105,000 Dth/d.
Transco’s New Jersey Expansion Receives Environmental Clearance
The staff of the Federal Energy Regulatory Commission has given an environmental nod to Transcontinental Gas Pipe Line to expand its transmission system in New Jersey by 105,000 Dth/d.
Transco’s New Jersey Expansion Receives Environmental Clearance
The staff of the Federal Energy Regulatory Commission has given an environmental nod to Transcontinental Gas Pipe Line to expand its transmission system in New Jersey by 105,000 Dth/d.