West Texas pure-play RSP Permian Inc. is adding the Permian Basin’s Delaware formation to its stockpile in an estimated $2.4 billion cash and stock deal to acquire privately held Silver Hill Energy Partners LLC and its exploration unit.
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Silver Run Takes Control of Permian Operator Centennial Resource Production
Houston-based Silver Run Acquisition Corp., which launched earlier this year under the helm of former EOG Resources Inc. chief Mark Papa, has taken an 89% controlling interest in Permian Basin operator and private equity-backed Centennial Resource Production LLC.
Mark Papa’s Got A Brand New…Blank Check Company to Pursue Energy Deals
Former EOG Resources Inc. chief Mark Papa, who helped lead the unconventional charge in the U.S. onshore, has begun his second act, helming a blank check company backed by Riverstone Holdings LLC that was created to buy energy assets.
Canada LNG Exports No Problem, Says Former NEB Chair
Competition from U.S. exporters in Ontario and Quebec has a silver lining for sponsors of liquefied natural gas (LNG) projects on the Pacific Coast of British Columbia (BC).
Horn River Brightens for Quicksilver
Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin. However, the company is still on the ropes financially, has cut its spending plans and is still seeking partners/asset sales.
Horn River Pipeline Setback Aids Quicksilver’s Timing
Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin.
Feedstock Demand for NGLs Still Strong, Say Executives
The plunge in oil prices in recent months hasn’t begun to pressure North American chemical producers to shift their feedstocks from natural gas liquids (NGL) products, according to midstream and chemical company executives.
LDC Supply Contracts Should Support LNG, Says Spectra Energy Exec
Liquefied natural gas (LNG) is not going to be the “silver bullet” that people in the natural gas industry once thought it would be, and to ensure that North America gets its share, gas utilities need to commit to longer term supply contracts and the continent’s storage resources need to be developed further, said Spectra Energy Transmission President Martha Wyrsch.
LDCs Should Contract Longer Term to Support LNG, Says Spectra Energy Exec
Liquefied natural gas (LNG) is not going to be the “silver bullet” that people in the natural gas industry once thought it would be, and to ensure that North America gets its share, gas utilities need to commit to longer term supply contracts and the continent’s storage resources need to be developed further, said Spectra Energy Transmission President Martha Wyrsch.
Survey Says High Bills Have Made LDC Customers Cranky
There may be a silver lining in this year’s plunge in gas prices: it may prevent rioting by the rate-paying villagers. Apparently, consumers have had just about enough of rising bills. Downward adjustments to rates couldn’t be coming at a better time.