Structure

Energy Transfer Equity LP (ETE) has agreed to acquire its affiliated master limited partnership (MLP) Energy Transfer Partner LP (ETP) in an all-stock transaction valued at $27 billion, management for the two companies announced.

Encana Corp., in the midst of a strategic review of its North American onshore business, on Tuesday announced an organizational restructuring following the retirement of formerly key executives.

Ohio Gov. John Kasich unveiled his proposed biennial executive budget on Monday, which includes a two-tier severance tax structure that would, for the first time, differentiate between horizontal and vertical wells drilled into the emerging Utica Shale.

Ohio Gov. John Kasich said he is prepared to fight his fellow Republicans in the General Assembly who are unenthusiastic about his plans to restructure taxes and regulations on the oil and natural gas industry.

Talisman Energy Inc. said Wednesday it will decrease its Marcellus Shale exploration activities and cut its capital spending budget for the play in half this year.

Bluescape Resources Co. LLC (BRC) is under way with the construction of a 52-mile natural gas pipeline in West Virginia, a structure that the company hopes will one day connect future production from its wells in the Marcellus Shale with the marketplace.

With only a few days left before the Pennsylvania General Assembly recesses for the year, some groups are calling on lawmakers to pass an impact fee on Marcellus Shale development now, while others are criticizing the bills currently on the table.

As promised, EQT Corp. is restructuring its midstream operations to bring in more money for upstream developments in the Marcellus Shale (see Shale Daily, Nov. 1).

Fort Worth City Council members got an earful Tuesday night from a standing-room-only audience about a proposal to tighten drilling restrictions in the Barnett Shale town. Protected use areas, multiple well pad site permitting and saltwater disposal are among the items being weighed.