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Two prominent Ohio Republicans — state House Speaker William Batchelder (R-Media) and Treasurer Josh Mandel — told supporters of the oil and natural gas industry that they oppose Gov. John Kasich’s proposal to levy new severance taxes on hydraulic fracturing (fracking) and natural gas liquids (NGL).

Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG) have completed an amendment to give EMG a larger stake in their joint venture (JV) in the Utica Shale.

Apache Canada Ltd. and Chevron Canada Ltd. have completed the previously announced transaction making them 50-50 partners in the Kitimat LNG [liquefied natural gas] plant in British Columbia, the Pacific Trail Pipelines and 644,000 gross undeveloped acres in the Horn River and Liard basins. After a brief transition, Chevron Canada will assume operatorship of the LNG plant and the pipeline. Apache Canada increased its ownership in the LNG plant and pipeline from 40% and will operate the upstream assets. Apache’s net proceeds from the transaction were $405 million. Encana Corp. and EOG Resources, formerly 30% nonoperating owners in Kitimat LNG and Pacific Trail Pipelines, sold their interests and exited the venture (see Daily GPI, Dec. 26, 2012).

A small handful of cold, hard numbers tells why Canadian shale gas is forced to rely on elusive Asian exports of liquefied natural gas (LNG) to thaw out drilling prospects

Across the Kinder Morgan companies more than $12 billion worth of expansion projects and joint ventures (JV) have been identified. One of them, conversion of a portion of the El Paso Natural Gas Co. (EPNG) pipeline to oil service is advancing, and a natural gas pipeline opportunity is on the radar, said CEO Richard Kinder.

Across the Kinder Morgan Inc. companies there are more than $12 billion worth of expansion projects and joint ventures (JV) identified. One of them, conversion of a portion of the El Paso Natural Gas Co. (EPNG) pipeline to oil service is advancing, and a new gas pipeline opportunity is on the radar, said CEO Richard Kinder.

Goldman Sachs analysts recently published their list of the top 40 undervalued stocks and 40% of them were energy-related. Chesapeake Energy Corp. was the only energy stock listed of 25 others “that people expect to fail.”

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

U.S. Sen. Richard Lugar (R-IN) Wednesday said the United States should use its natural gas bounty to export liquefied natural gas (LNG) to NATO countries to help them reduce their reliance on natural gas supplied by Russia and Iran, thereby bolstering U.S. national security.