Pioneer Natural Resources Co. has signed an agreement with Sinochem Petroleum USA LLC, a U.S. subsidiary of China’s Sinochem Group, to sell 40% of its interest in 207,000 net acres leased by the Pioneer in the horizontal Wolfcamp Shale in the southern portion of the Spraberry Trend Area Field for $1.7 billion.
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Seneca Resources Corp., the exploration and production subsidiary of National Fuel Gas Co., said Tuesday that six recently completed wells targeting the Marcellus Shale in Pennsylvania are among the most productive ever drilled in the play, according to initial test results.
Europe’s EDF Trading has acquired ConocoPhillips’ Midwest commercial and industrial (C&I) natural gas portfolio, the EDF Group subsidiary said Thursday. Financial details of the transaction were not disclosed.
A subsidiary of Royal Dutch Shell plc has been given another six months to decide whether to purchase property in western Pennsylvania for a proposed “world scale” ethane cracker in the heart of the Marcellus Shale.
Cameron Interstate Pipeline LLC, a subsidiary of San Diego-based Sempra Energy, has filed an application to loop a 21-mile segment of its pipeline system in Hackberry, LA with a 42-inch pipe, to accommodate natural gas exports.
Genesee & Wyoming Inc. (GWI) announced Monday that one of its railroad subsidiaries has signed a long-term agreement to transport natural gas liquids (NGL) and serve a fractionation facility being built by Utica East Ohio Midstream LLC (UEO) in Harrison County, OH.
Lamar McKay, who has served as chairman and president of BP plc subsidiary BP America since 2009, will take over as CEO of the Upstream business unit effective Jan. 1. In his new role McKay, who has worked for BP for 32 years, would lead the operator’s combined upstream businesses, which include the exploration, development and production divisions, together with the strategy and integration team. The upstream divisions were created in 2010 following the Macondo deepwater spill in the Gulf of Mexico, which led to a major reorganization designed to improve risk management and global standards. McKay would report to Group CEO Bob Dudley. McKay’s successor has not been announced.
FERC Thursday approved Inergy subsidiary Central New York Oil and Gas Co.’s (CNYOG) request to begin partial service on its MARC-I Hub Line project in northeastern Pennsylvania on or before Nov. 14, giving northern markets greater access to Marcellus Shale gas. It said it plans to soon seek authorization to place the entire project into operation by Dec. 1.
TransCanada Corp. Mexican subsidiary Transportadora de Gas Natural del Noroeste, was awarded the contract to build, own and operate the El Oro-to-Mazatlan Pipeline (Mazatlan Pipeline) in Mexico by Mexico’s Comision Federal de Electricidad (CFE).