Resource

Shale Making Gas ‘Opportunity of a Lifetime’ in British Columbia

British Columbia (BC) Premier Christy Clark trekked north to see new gas processing and pipeline facilities start work in the resource-rich region where Canada’s western-most province meets the Yukon and Northwest Territories.

July 31, 2012

Obama Talks Up Gas Development During Campaign Swing in Ohio

In a campaign speech in Cincinnati, OH, President Obama expressed full support for the development of natural gas and acknowledged that “a lot of folks” in the industry are engaging in hydraulic fracturing (fracking) in a safe manner. He dismissed claims that his administration — namely the Interior Department and Environmental Protection Agency — is blocking oil and natural gas development.

July 18, 2012

DCP Midstream Pays $63M for Crossroads Processing Plant

DCP Midstream Partners has moved to increase its market position in East Texas, agreeing to pay Penn Virginia Resource Partners LP (PVR) approximately $63 million for the Crossroads processing plant and associated gathering system in Harrison County, TX, the two companies said.

June 21, 2012

Four Producers to Anchor PVR’s Marcellus Expansion

Midstream operations in the Marcellus Shale are expanding for Penn Virginia Resource Partners LP (PVR), after the partnership inked agreements last week with four big natural gas producers to extend the Lycoming County, PA, pipeline system for access to multiple markets.

May 28, 2012

Four Producers to Anchor PVR Partners Marcellus Expansion

Midstream operations in the Marcellus Shale are significantly expanding for Penn Virginia Resource Partners LP (PVR), after the partnership inked agreements with four of the biggest natural gas producers to extend its Lycoming County, PA, pipeline system to provide access to multiple markets.

May 22, 2012

Calpine Inks Contracts for Gas-Fired Sutter Energy Center

Calpine Corp. has signed short-term resource adequacy (RA) power supply contracts with California’s three major electric utilities to ensure that the natural gas-fired Sutter Energy Center isn’t shut down — at least for now.

May 11, 2012

EPA Sets 2015 as Date to Capture Fracking Gas Emissions

In its final rule to eliminate harmful air pollution from oil and natural gas production announced Wednesday, the U.S. Environmental Protection Agency (EPA) granted the industry a “reasonable” time to meet its requirements, extending the deadline for full compliance from 60 days to two and a half years.

April 19, 2012

Penn Virginia Pays $1B for Chief’s Marcellus Gathering Unit

Penn Virginia Resource Partners LP (PVR) is buying Chief Gathering LLC for $1 billion. Chief Gathering serves northeastern Pennsylvania Marcellus Shale producers and is a sister company to producer Chief Oil & Gas LLC.

April 16, 2012

Construction Worker Pleads Guilty to Damaging Chief’s Marcellus Pipeline

A man who worked briefly for a company that built a natural gas pipeline in Lycoming County, PA, for Chief Oil and Gas LLC has pleaded guilty to damaging the pipeline after the construction company fired him, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania.

April 12, 2012

Penn Virginia Buying Chief’s Marcellus Gathering Unit for $1B

Penn Virginia Resource Partners LP (PVR) is buying Chief Gathering LLC for $1 billion. Chief Gathering serves northeastern Pennsylvania Marcellus Shale producers and is a sister company to producer Chief Oil & Gas LLC.

April 11, 2012