EQT Corp. investor Jana Partners LLC wants the producer to scrap its multi-billion dollar agreement to acquire Rice Energy Inc. and instead pursue the separation of its upstream and midstream businesses, which the hedge fund believes would create substantially more value for shareholders.
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Articles from Scrap
Woodside Drops Browse LNG Plan on Costs
High costs have prompted Woodside Petroleum Ltd. to scrap plans for the proposed onshore Browse LNG Development at James Price Point (JPP) in Western Australia, but the company is leaving the door open to a floating liquefied natural gas (LNG) development, among other options, to commercialize Browse Basin gas reserves.
April 15, 2013
eCorp, New York Landowners Group Scrap Drilling Agreement
eCorp International LLC and a property owners organization in New York have decided to scrap a “complex” plan to create a company indirectly owned by the landowners and will return to the drawing board, delaying the possibility of bringing waterless hydraulic fracturing (fracking) to the Empire State.
May 4, 2012
No Plans to Lift Pennsylvania Forest Drilling Moratorium
Removing a moratorium on new drilling in Pennsylvania state forests is not a priority, the acting secretary of the Department of Conservation and Natural Resources (DCNR) told a state Senate committee during confirmation hearings earlier this month.
May 9, 2011
API Blasts Senate Provision That Would Strike Key Tax Incentive
An official with the American Petroleum Institute (API) decried a Senate provision to scrap job-creation tax incentives for major oil and natural gas producers, saying it would significantly slow the nation’s economic recovery (see Daily GPI, Aug. 18).
August 19, 2010
Watchdog Group Favors Scrapping RIK Program
A Washington, DC-based watchdog group has called on the Obama administration to scrap the royalty-in-kind (RIK) program to increase revenue and cut costs for the federal government.
March 9, 2009
Watchdog Group Favors Scrapping RIK Program
A Washington, DC-based watchdog group has called on the Obama administration to scrap the royalty-in-kind (RIK) program to increase revenue and cut costs for the federal government.
March 5, 2009
AGA: Bush’s Budget Request to Take Toll on Natural Gas
The American Gas Association (AGA) on Tuesday denounced the Bush administration’s fiscal year 2006 budget proposal that would “virtually” scrap federal research into new techniques for finding and producing natural gas at a time when tight supplies have sent prices soaring.
February 9, 2005
FERC OKs Mississippi River’s Bid to Scrap Aged Pipe System in South
FERC last Thursday gave CenterPoint Energy-Mississippi River Transmission Corp. the green light to abandon 307 miles of 75-year-old pipeline facilities in northern Louisiana, Arkansas and southern Missouri.
November 1, 2004
FERC OKs Mississippi River’s Bid to Scrap Aged Pipe System in South
FERC on Thursday gave CenterPoint Energy-Mississippi River Transmission Corp. the green light to abandon 307 miles of 75-year-old pipeline facilities in northern Louisiana, Arkansas and southern Missouri.
November 1, 2004
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