Backers of the proposed High Prairie Pipeline for taking away burgeoning Bakken Shale play oil supplies fired two shots Tuesday in an attempt to untangle their 450-mile, 16-inch diameter pipeline project. They contracted with an anchor shipper for the line and filed a second complaint with a federal agency against Enbridge Energy Partners LP for blocking an interconnection of the proposed pipeline.
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Articles from Third
Eagle Ford Deal Top Priority for Interim Forest Chief
Following the abrupt departure of Forest Oil Corp. (FST) CEO H. Craig Clark, one analyst that follows the company suggested that his quick exit was related to the company’s failure to strike a joint venture (JV) in the Eagle Ford Shale of South Texas.
June 25, 2012
Global Infrastructure Buying Chesapeake’s Midstream Properties
Chesapeake Energy Corp. on Friday agreed to sell its midstream businesses to Global Infrastructure Partners (GIP) in three separate transactions for more than $4 billion in cash. Chesapeake would net about $2.4 billion and cut previously budgeted midstream capital spending over the next three years by $3 billion.
June 11, 2012
Antero Exits, Vanguard Enters Arkoma Basin in $445M Deal
Denver-based Antero Resources is unloading its Arkoma Basin assets and redeploying capital to Appalachian shale plays while Vanguard Natural Resources LLC, which is buying Antero’s mostly natural gas Arkoma assets for $445 million, is establishing a new operating area with the deal.
June 5, 2012
ExxonMobil, Chevron Shareholders Reject Fracking Resolutions Again
ExxonMobil Corp. shareholders for the third year in a row turned back a shareholder proposal which would require the corporation to prepare a report on the risks associated with hydraulic fracturing (fracking). Chevron Corp. shareholders defeated a similar measure at their annual meeting, with fewer voting in favor than a year ago.
May 31, 2012
New York Fund Urges Chesapeake Shake-Up Following Icahn Letter
Chesapeake Energy Corp.’s shareholders gave a modest thumb’s up Tuesday to the news that Carl Icahn is now the company’s third largest shareholder, and another large shareholder group urged a board shake-up to extract value.
May 30, 2012
ANR Expansion Would Target Marcellus, Utica Production
TransCanada’s ANR Pipeline Co. is holding a nonbinding open season for potential expansion of receipt capacity on its Lebanon Lateral in eastern Indiana and western Ohio. The project would carry growing production from the Marcellus and Utica shales, TransCanada said.
May 22, 2012
Atlas Resources Buys Another Big Barnett Asset
Atlas Resources Partners LP (ARP) has made a friendly deal to take over privately held Barnett Shale operator Titan Operating LLC for $184 million, giving the Philadelphia-based operator another big natural gas liquids (NGL) lift in the heart of Texas.
May 21, 2012
Poll Finds Ohio Voters Support Higher Taxes on Drillers
New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.
May 14, 2012
Kasich Tax Proposal Finds Support in Ohio Poll
New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.
May 14, 2012
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