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Houston-based Plains All American Pipeline LP’s recently formed general partner, Plains GP Holdings, on Wednesday raised $2.82 billion in the nation’s largest initial public offering (IPO) so far this year. The IPO offered 128 million shares at $22/share, and after the first day of trading the closing price settled at the offered amount.

Offshore drilling contractor Noble Corp. late Wednesday reported its third consecutive quarter of higher-than-expected profits on higher dayrates and lower downtime for its rigs.

Anti-shale protesters have taken down part of a barricade across a highway in New Brunswick but continue to block access to a facility where Southwestern Energy Co. (SWN) parks vehicles and seismic equipment.

Tennessee Gas Pipeline (TGP) Tuesday got the go-ahead from FERC to place into service three pipeline loops associated with its Northeast Upgrade Project, which will carry an additional 636,000 Dth/d of natural gas from the Marcellus Shale to Northeast markets.

Gulfport Energy Corp. continues to expand its position in the Utica Shale, but the Oklahoma City-based operator’s 2013 exit rate has been adversely impacted by delays associated with drilling.

Goodrich Petroleum Corp. raised its 2013 capital expenditure (capex) budget by $25 million as it committed further to the Tuscaloosa Marine Shale (TMS). Next year is expected to see Goodrich running five rigs in the TMS, an increase from two currently.

The U.S. market for land proppant that is used to hydraulically fracturing (frack) natural gas and oil wells should grow at a rate of 8% a year for the next two years, led by the Appalachian Basin, according to PacWest Consulting Partners.

Magnolia LNG LLC has filed with the U.S. Department of Energy (DOE) for additional export approvals for its proposed liquefied natural gas (LNG) export project in Lake Charles, LA.

Sixty-seven percent of surveyed voters in Virginia said they support drilling for oil and natural gas resources off of their coast, according to a new poll conducted by Harris Interactive for the American Petroleum Institute (API).