Sold

Copano Energy LLC last week sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.

The U.S. government violated the National Environmental Policy Act (NEPA) when it sold drilling rights for oil and gas development off Alaska’s northwest coast, a federal judge ruled last Wednesday.

The U.S. government violated the National Environmental Policy Act (NEPA) when it sold drilling rights for oil and gas development off Alaska’s northwest coast, a federal judge ruled on Wednesday.

Copano Energy LLC on Wednesday sold a $300 million equity stake to an affiliate of private investment firm TPG Capital to fund growth in the Eagle Ford Shale and other projects in Texas and Oklahoma.

Houston-based ConocoPhillips last week said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Houston-based ConocoPhillips on Wednesday said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Houston-based ConocoPhillips on Wednesday said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Denver-based MarkWest Energy Partners LP has sold its 50% interest in Starfish Pipeline Co. LLC to Enbridge Offshore (Gas Transmission) LLC, an Enbridge Inc. company, effective Dec. 31, 2009, the company said Monday.

Gastar Exploration Ltd. has sold its majority interest in the Hilltop Resort Gathering System to US Infrastructure LP (USI). The Hilltop Resort Gathering System is composed of 20 miles of gas pipeline extending through Robertson and Leon Counties, TX, with a gathering capacity of 120 MMcf/d. The system is connected to 24 Gastar-operated wells, which produce from the middle and lower Bossier and Knowles formations in East Texas. Gastar received approximately $21.7 million, net of costs and expenses associated with the transaction. “The sale of our stake in the Hilltop system provides an attractive return on our investment and additional liquidity to pursue our drilling plans in East Texas and the Marcellus Shale while maintaining a very low level of leverage,” said Gastar CEO J. Russell Porter. USI partnered with Metalmark Capital to finance the transaction.