San Antonio-based Abraxas Energy Partners LP said Friday it will launch an initial public offering (IPO) to secure funding for its South and West Texas drilling programs. Timing and financial details were not disclosed.
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Backlog of E&P MLPs Expected to Launch in ’07
Unable to effectively hedge commodity prices or secure adequate equity for capital expenditures, few exploration and production (E&P) companies in the early 1980s found success with the then-emerging master limited partnership (MLP) sector. Today, however, a significant pool of E&P assets appears to be trending toward the sector, a group of energy experts said last week.
Backlog of E&P MLPs Expected to Launch in ’07
Unable to effectively hedge commodity prices or secure adequate equity for capital expenditures, few exploration and production (E&P) companies in the early 1980s found success with the then-emerging master limited partnership (MLP) sector. Today, however, E&Ps are rediscovering the MLP market in a big way, and a significant pool of assets appears to be trending toward the sector, a group of energy experts said Thursday.
CIG Fort Morgan Storage Field Springs Leak; 13 Residences Evacuated
Colorado Interstate Gas (CIG) personnel early last week had to secure a leaking well at the 8.5 Bcf Fort Morgan storage field in Morgan County, CO, but gas from the storage facility, which is a depleted oil and gas field, continued to migrate to the surface at “various locations.” Storage operations at the field have been shut down indefinitely, leading the pipeline to declare a strained operating condition with limited storage withdrawal capability.
Pemex Says Consortium Bids on Burgos Basin Block
In its on-again off-again attempt to secure more natural gas exploration in its country, Mexico’s state-owned oil monopoly Petroleos Mexicanos (Pemex) said Tuesday a group of five Houston-based and Mexican companies is bidding for a contract to develop the Monclova block of natural gas reserves in the Burgos Basin of northeastern Mexico.
Seven Public Gas, Power Utilities Form Gas Supply Company
In an effort to secure a long-term supply of natural gas at lower and more stable prices, seven public gas and electric utilities in five states have signed an agreement to form a gas supply agency called Public Gas Partners Inc. (PGP), which will acquire producing reserves.
Seven Public Gas, Power Utilities Form Gas Supply Company
In an effort to secure a long-term supply of natural gas at lower and more stable prices, seven public gas and electric utilities in five states have signed an agreement to form a gas supply agency called Public Gas Partners Inc. (PGP), which will acquire producing reserves and long-term gas supplies.
Seven Public Gas, Power Utilities Form Gas Supply Company
In an effort to secure a long-term supply of natural gas at lower and more stable prices, seven public gas and electric utilities in five states have signed an agreement to form a gas supply agency called Public Gas Partners Inc. (PGP), which will acquire producing reserves and long-term gas supplies.
Keystone Holding Open Season for 1 Bcf of Storage
The Keystone facility, located in the Permian Basin near the Waha hub, is conducting a non-binding open season through Sept. 1 to secure interest in firm natural gas storage services for 1 Bcf of capacity, according to Unocal Midstream & Trade (UMT). Its fourth cavern is expected to be in service by the end of this year.
Keystone Holding Open Season for 1 Bcf of Storage
The Keystone facility, located in the Permian Basin near the Waha hub, is conducting a non-binding open season through Sept. 1 to secure interest in firm natural gas storage services for 1 Bcf of capacity, according to Unocal Midstream & Trade (UMT). Its fourth cavern is expected to be in service by the end of this year.