Russell

Cubic Picking Up Gastar East Texas Assets for $46M

Gastar Exploration Ltd. has agreed to sell its East Texas assets to Cubic Energy Inc. for $46 million and will redeploy capital to higher-return projects in the Marcellus Shale and Hunton Limestone. Meanwhile, Cubic views its acquisition as an entry point to the oil-rich Eagle Ford and Woodbine formations.

April 23, 2013

People

E. Russell (Rusty) Braziel, a 30-year energy industry veteran, has left Bentek Energy to launch an energy industry networking and consulting business based in Houston. RBN Energy, which stands for Rusty Braziel’s Network, looks to gather people with complementary skills and needs within the industry to take advantage of advances in social networks that have been advanced by Linkedin, Facebook, Twitter and others, but with the added advantage of being a managed platform that continuously monitors the latest developments in energy markets, and uses that information to “get the right people” together. “Energy markets are big, complicated and can be daunting,” Braziel noted on RBN’s website www.rbnenergy.com. “Today these markets are going through some of the biggest changes in decades. Shale and tight sands technologies first hit the natural gas business, resulting in huge supply surpluses over the past three years. As we enter 2012, natural gas liquids and crude oil markets are experiencing the same phenomenon.” Braziel joined Bentek in 2005 as vice president of sales and marketing and was one of the company’s owners until its acquisition by Platts in January 2011. Braziel spent 20 years with Chevron Corp. predecessor company Texaco as vice president of natural gas marketing and trading and manager of natural gas liquids supply. Subsequently he was vice president of business development for Williams. Braziel also founded Altra Energy Technologies, a developer of energy transaction management software and electronic trading systems, including the Chalkboard Trading System (now IntercontinentalExchange).

January 16, 2012

Industry Veteran Launches Energy Network, Consulting Firm

E. Russell (Rusty) Braziel, a respected authority in the energy industry with more than 30 years of experience, is leaving Bentek Energy this week to launch an energy industry networking and consulting business based in Houston.

January 13, 2012

Panhandle Eyes 500 MMcf/d Ohio Capacity Expansion/Extension Project

Panhandle Eastern Pipe Line is planning to add 500 MMcf/d of firm transportation capacity on its Muncie Lateral in Ohio and will extend the line with a 124-mile, 30-inch diameter pipe, designed to carry western and southwestern supplies eastward.

April 26, 2004

Panhandle Eyes 500 MMcf/d Ohio Capacity Expansion/Extension Project

Panhandle Eastern Pipe Line is planning to add 500 MMcf/d of firm transportation capacity on its Muncie Lateral in Ohio and will extend the line with a 124-mile, 30-inch diameter pipe, designed to carry western and southwestern supplies eastward.

April 21, 2004

TransCanada Expects Western Canadian Supply to Stabilize

TransCanada PipeLines CFO Russell K. Girling said his company will be dealing with declining Western Canadian gas production over the next few years, but he believes that within several years Canadian supply will stabilize and remain flat over a significant period.

February 16, 2004

TransCanada Expects Western Canadian Supply to Stabilize

TransCanada PipeLines CFO Russell K. Girling said his company will be dealing with declining Western Canadian gas production over the next few years, but he believes that within several years Canadian supply will stabilize and remain flat over a significant period.

February 12, 2004