QEP Resources Inc. has informed federal regulators that its plans to expand in the Permian Basin by purchasing about 9,400 net acres in West Texas for $600 million will be delayed, with the closing date pushed back by about one month.
Sellers
Articles from Sellers
Financial Transactions Cut into Chesapeake’s NAV, Says Analyst
Chesapeake Energy Corp. (CHK) is the second largest natural gas producer and one of the largest leaseholders in the United States but its various financial deals have damaged the net asset value (NAV) of its portfolio, according to ITG Investment Research.
Buyers, Sellers At a Standoff; September Flat
September natural gas futures were unchanged Friday as traders reported that both buyers and sellers were not motivated to take action at current price levels. September ended flat at $3.931 and October had risen 0.6 cent to $3.912. October crude oil gained 7 cents to $85.37/bbl.
FERC’s 552 Trading Survey Nets 821 Companies, 90 Tcf in Deals
The results are in from the Federal Energy Regulatory Commission’s Order 552 survey of the natural gas market with 821 companies reporting by July 1 as buyers and/or sellers of spot market natural gas. A quick look at the data shows an expected heavy concentration of buy/sell volume at the top, with the top 20 largest traders accounting for more than 52 Tcf, a hefty 58% of the 90 Tcf in total volume of reportable transactions exchanged in 2008.
FERC’s 552 Trading Survey Nets 821 Companies, 90 Tcf in Deals
The results are in from the Federal Energy Regulatory Commission’s Order 552 survey of the natural gas market with 821 companies reporting by July 1 as buyers and/or sellers of spot market natural gas. A quick look at the data shows an expected heavy concentration of buy/sell volume at the top, with the top 20 largest traders accounting for more than 52 Tcf, a hefty 58% of the 90 Tcf in total volume of reportable transactions exchanged in 2008.
FERC Form 552 Data Shows Heavy Trading Volumes, Indexing
As of Thursday, 544 companies, both buyers and sellers of natural gas, had for the first time reported their annual spot market purchases and sales on FERC’s new Form 552, which is intended to bring price transparency to the natural gas market. The results will inform the Commission as to the relative use of fixed price versus indexed transactions in the daily and monthly market. Additional company submissions may still appear before the filing deadline July 1.
FERC Form 552 Data Shows Heavy Trading Volumes, Indexing
By late last week, 544 companies, both buyers and sellers of natural gas, had for the first time reported their annual spot market purchases and sales on FERC’s new Form 552, which is intended to bring price transparency to the natural gas market. The results will inform the Commission as to the relative use of fixed price versus indexed transactions in the daily and monthly market. Additional company submissions may still appear before the filing deadline July 1.
EV Energy to Acquire Set of Gas-Weighted Onshore Assets
Houston-based EV Energy Partners LP (EVEP) agreed to pay multiple sellers a combined $202.7 million for a set of natural gas-weighted properties in the San Juan Basin, Midcontinent, Texas and West Virginia. Estimated total proved reserves are 88 Bcfe, and daily production is averaging 12.9 MMcfe/d.
Questar Closes $659M Purchase, Revises E&P Guidance
Questar Corp.’s exploration and production (E&P) subsidiary has closed the acquisitions from multiple sellers of two natural gas development properties in northwest Louisiana for $659 million.
Questar Closes $659M Purchase, Revises E&P Guidance
Questar Corp.’s exploration and production (E&P) subsidiary has closed the acquisitions from multiple sellers of two natural gas development properties in northwest Louisiana for $659 million, the company said Monday.