With the clock ticking on an end-of-year deadline, a regional unit of the national Trust for Public Land (TPL) said Friday it is short the full $8.75 million it needs to meet a commitment to Plains Exploration and Production Co. (PXP) to acquire and retire oil and natural gas leases in the Wyoming Range.
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CNG Fueling Station Network Planned for Florida, Georgia
Tallahassee, FL-based Nopetro LLC has opened in its hometown a compressed natural gas (CNG) fueling facility, part of a planned regional network “that will make CNG a workable cost-saving option for government and commercial fleets as well as individual CNG vehicle owners,” the company said last week.
CNG Fueling Station Network Planned for Florida, Georgia
Tallahassee, FL-based Nopetro LLC has opened in its hometown a compressed natural gas (CNG) fueling facility, part of a planned regional network “that will make CNG a workable cost-saving option for government and commercial fleets as well as individual CNG vehicle owners,” the company said Tuesday.
Hess Buying Delta Energy Commodity Business
Hess Corp. will acquire the commodity business of Delta Energy LLC, a regional natural gas marketing company with commercial and industrial (C&I) and small business customers in Ohio, Pennsylvania and five other states, the companies said. Terms of the agreement, which is expected to close this fall, were not disclosed.
Cheap NatGas Draws Methanol Plant to Louisiana
Abundant regional supplies of natural gas helped Louisiana to score another economic development win with the announcement that Methanex Corp. will construct a $550 million methanol plant in the state.
Pennsylvania Continues Push for Marcellus Ethane Cracker
Members of Pennsylvania Gov. Tom Corbett’s cabinet were joined by supporters from the state’s general assembly and local and regional officials Thursday at the Community College of Beaver County in Monaca, PA, to lobby for construction of a petrochemical complex, including an ethane cracker, in the southwestern Pennsylvania borough.
Outlook: Northwest Gas Demand to Grow; Power Gen Driver
Even with a continuing slow recovery in the regional economy, natural gas demand is expected to grow steadily at just under 1% annually during the next 10 years, with gas used for power generation expected to lead the growth, according to the 2012 Gas Outlook released Saturday by the Northwest Gas Association (NWGA).
SEC Tells Chesapeake, CEO to ‘Retain Certain Documents’
Chesapeake Energy Corp. and CEO Aubrey K. McClendon were notified last week by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has launched an informal inquiry and “requested that the company and Mr. McClendon retain certain documents.” The inquiry “should not be construed as an indication that any violation of the federal securities laws has occurred.” The company and McClendon said they “intend to cooperate” in responding.
Chesapeake Confirms SEC Informal Inquiry
Chesapeake Energy Corp. and CEO Aubrey K. McClendon have been notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has begun an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.
SEC Tells Chesapeake, CEO to ‘Retain Certain Documents’
Chesapeake Energy Corp. and CEO Aubrey K. McClendon were notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has launched an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.