Subsidiary

The Commodity Futures Trading Commission (CFTC) Thursday approved the application of ICE Trade Vault LLC, a subsidiary of IntercontinentalExchange Inc. for provisional registration as a swap data repository, the first one to be approved under the Dodd-Frank Act of 2010.

Canadian junior producer MGM Energy Corp. on Thursday clinched a farm-out agreement in the Mackenzie Valley’s Canol Shale with a subsidiary of Royal Dutch Shell plc. Financial terms were not disclosed.

FERC Tuesday approved PetroLogistics Natural Gas Storage LLC’s proposal to expand the capacity of its existing storage facility in southern Louisiana by approximately 65%.

In a landmark agreement announced Thursday, a drilling unit of Chesapeake Energy Corp. will allow more than 4,400 New York landowners locked into natural gas leases the opportunity to renegotiate their contracts, said New York Attorney General Eric T. Schneiderman.

Kinder Morgan Energy Partners LP’s (KMP) Crude/Condensate pipeline (KMCC) has entered service, carrying crude oil and condensate from the Eagle Ford Shale of South Texas to the Houston Ship Channel.

ProWater, a Sustainable Environmental Technologies Corp. (SET) subsidiary, said Wednesday it has started drilling a new saltwater disposal (SWD) well in North Dakota’s portion of the Bakken Shale and will test a new automated system to support shale oil drilling in the play.

Southern LNG Co., a subsidiary of El Paso Corp., has thrown its hat into the liquefied natural gas (LNG) export ring, applying to the Department of Energy (DOE) for authorization to export up to 0.5 Bcf/d from its Elba Island terminal in Savannah, GA, to countries that have free trade agreements (FTA) with the United States, according to an application filed with DOE. The company is seeking a 25-year export license.

Southern LNG Co., a subsidiary of El Paso Corp., threw its hat into the liquefied natural gas (LNG) export ring last week, applying to the Department of Energy (DOE) for authorization to export up to 0.5 Bcf/d from its Elba Island terminal in Savannah, GA, to countries that have free trade agreements (FTA) with the United States, according to an application filed with DOE. The company is seeking a 25-year export license.

The Pennsylvania Department of Environmental Protection (DEP) has levied a $40,000 fine on an Ultra Petroleum Corp. subsidiary for several violations from 2011, including operating an illegal transfer station from a Marcellus Shale well pad in Potter County.