Stated

Gastar Buys Oklahoma Acreage, Repurchases Stock from Chesapeake

Gastar Exploration Ltd. announced a three-way deal with Chesapeake Energy Corp. on Monday, in which Gastar purchased proven reserves in the prospective Hunton Limestone formation in Oklahoma, as well as close to 10% of its common stock. The companies also agreed to settle outstanding litigation.

April 2, 2013

Correction

In the article “XTO, MarkWest Execs Tout Shale Success, Push Public Interaction, LNG Exports” (see Shale Daily, Sept. 21), NGI’s Shale Daily incorrectly stated that the Golden Pass liquefied natural gas terminal project is being developed by Cheniere Energy Inc. The Golden Pass Products liquefaction expansion project is a partnership of affiliates of Qatar Petroleum International (70% ownership) and ExxonMobil Corp. (30%). NGI’s Shale Daily regrets the error.

September 25, 2012

Bleak Outlook Seen for Liquids Drilling Through 2013

The U.S. oil and natural gas rig count will fall through 2013, with a “glaring change” to the forecast for wet gas drilling, according to Raymond James & Associates Inc. A “meaningful rebound” won’t occur until the second half of 2014 and through 2015, analysts said Monday.

June 26, 2012

Global Infrastructure Buying Chesapeake’s Midstream Properties

Chesapeake Energy Corp. on Friday agreed to sell its midstream businesses to Global Infrastructure Partners (GIP) in three separate transactions for more than $4 billion in cash. Chesapeake would net about $2.4 billion and cut previously budgeted midstream capital spending over the next three years by $3 billion.

June 11, 2012

Correction

In the article “IPAA-Backed Study Says EPA Finding in Pavillion, WY, ‘Unsupported'” (see Shale Daily, May 18), NGI incorrectly stated that S.S. Papadopulos & Associates is Houston-based. The firm is based in Bethesda, MD. NGI regrets the error.

May 21, 2012

Correction

In a story published in April, BP Expanding in GOM Deepwater, the initial gas processing capacity from the Mad Dog field was incorrectly stated (see NGI, April 16). The platform initially was designed to process up to 60 MMcf/d of gas and up to 100,000 b/d of oil. NGI regrets the error.

May 14, 2012

Correction

In the story BHP Unleashes $708M for Second Mad Dog Platform in Deepwater Gulf, the initial gas processing capacity from the Mad Dog field was incorrectly stated (see Daily GPI, April 12). The platform initially was designed to process up to 60 MMcf/d of gas and up to 100,000 b/d of oil. NGI regrets the error.

May 9, 2012

Report Casts Negative Eye on Oil Shale in Colorado

Citing commercial, environmental and technological uncertainties, the environmental group Western Resource Advocates (WRA) released a report casting doubts on oil shale, and emphasizing its distinct differences with shale gas and shale oil.

March 14, 2012

Correction

In the article “TransCanada: Marcellus-Backed Flow Reversal Is Inevitable” (see NGI, Feb. 27), NGI incorrectly stated that Union Gas is working on plans for a new import route from New York State to its Dawn storage and trading hub in southern Ontario. Union Gas in fact has no plans for a competitive pipeline with an import route from New York State to Dawn. The company says it has discussed the need for an expansion of pipeline capacity east of Parkway to Maple to relieve a transportation bottleneck on this corridor, and it continues to believe an expansion of this path is required. NGI regrets the error.

March 12, 2012

Correction

In the article “TransCanada: Marcellus-Backed Flow Reversal Is Inevitable” (see Daily GPI, Feb. 27), NGI incorrectly stated that Union Gas is working on plans for a new import route from New York State to its Dawn storage and trading hub in southern Ontario. Union Gas in fact has no plans for a competitive pipeline with an import route from New York State to Dawn. The company says it has discussed the need for an expansion of pipeline capacity east of Parkway to Maple to relieve a transportation bottleneck on this corridor, and it continues to believe an expansion of this path is required. NGI regrets the error.

March 7, 2012
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