Petrohawk Energy Corp. has sold its natural gas assets in the Fayetteville Shale to XTO Energy Inc., a subsidiary of ExxonMobil Corp., for $575 million, the company said. The deal puts ExxonMobil at No. 2 in the Fayetteville leaseholder pack.
Texas
Articles from Texas
Spectra Files for New Jersey-New York Pipeline Expansion
Spectra Energy Corp. has filed an application at FERC to expand its Texas Eastern Transmission and Algonquin Gas Transmission interstate pipeline systems to serve the New Jersey and New York natural gas markets, the Houston-based company said Monday.
Analysis: LNG Exports Would Have ‘Quite Minimal’ Domestic Price Impact
Exports of domestically sourced liquefied natural gas (LNG) from facilities proposed for the Freeport LNG Terminal on Quintana Island in Texas would be but drops from the U.S. shale natural gas bucket, according to a consultant’s report.
Industry Brief
The Railroad Commission of Texas (RRC) has set for hearing a complaint by the U.S. Environmental Protection Agency (EPA) against Range Resources Corp. alleging methane contamination of residential water wells in Parker County in the Barnett Shale play (see Shale Daily, Dec. 9). The hearing date is to be Jan. 10. “Because this matter has now been set for hearing, and the commission will sit in judgment of the facts, the commissioners cannot comment on the case,” said RRC General Counsel Lindil Fowler. “However, RRC staff expects both parties, the EPA as well as Range Resources representatives, to appear before hearings examiners and testify as to the allegations…”
Researcher: Energy Burst Economy’s Bubble
Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.
Industry Briefs
Houston explorer Sheridan Production Partners LLC has raised $1.8 billion of new equity commitments that it plans to use to complement its portfolio of assets in Oklahoma, Texas and New Mexico. Sheridan Production Partners II, the second private offering of limited partner interests, was oversubscribed and reached its hard cap, company officials said. Since its formation in 2006 by Sheridan Management and Warburg Pincus, the partnership said it has raised more than $3 billion in equity through private placements of its two investment vehicles (see NGI, Oct. 5, 2009; Aug. 13, 2007).
Texas Commissioner Condemns Offshore Reversal
Texas Railroad Commission (RRC) member Elizabeth Ames Jones on Friday joined a chorus of those who are blasting the President Obama’s decision not to open new areas in the offshore to exploration.
Savoy Acquires 300-Acre Eagle Ford Lease Within the ‘Oil Window’
Houston-based Savoy Energy Corp. said it has completed a 300-acre lease acquisition in Central Texas within the “oil window” of the Eagle Ford Shale formation.
Researcher: Energy Inefficiency Burst Economy’s Bubble
Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.
New Jersey: Spectra Route ‘Unacceptable’
New Jersey’s Department of Environmental Protection (DEP) told FERC last week that Spectra Energy’s proposed route for its New Jersey-New York expansion of its Texas Eastern Transmission and Algonquin Gas Transmission systems is “unacceptable.”