Royale Energy Inc. said Wednesday it struck a $43 million joint venture (JV) agreement with an unnamed company to fund exploration costs on its Alaska North Slope acreage.
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On Monday Reuters, citing unnamed sources, reported that a much-anticipated report commissioned by the U.S. Department of Energy (DOE) on the domestic market impacts of exporting liquefied U.S. gas is being prepared by NERA Economic Consulting. However, neither DOE nor the consultancy would confirm this.
A total of 11 named storms, including two hurricanes, have formed in the Atlantic Basin this year, but it took an unnamed trough of low pressure in the central Gulf of Mexico (GOM) to force the first weather-related shut-ins and evacuations of energy interests offshore.
A New York Times article last month, which slammed the shale gas industry using unnamed industry and government sources, was sharply criticized earlier this month by the newspaper’s public editor.
The natural gas industry and energy insiders quickly reacted to a New York Times (NYT) stories last Sunday and Monday which cited unnamed industry and government sources describing the shale gas industry as a “Ponzi” scheme with a future similar to Enron Corp. and the bursting of the dot.com bubble.
Billionaire Carl Icahn, known for investing in what he considers underperforming companies and helping them to achieve a better value, has become Chesapeake Energy Corp.’s second-largest shareholder, according to a filing with the Securities and Exchange Commission (SEC).
Houston-based Contango Oil & Gas Co. is selling its 10% limited partnership interest in Freeport LNG Development LP to an unnamed “major Asian utility company” for approximately $68 million, the company said Tuesday. The sale is subject to the purchaser’s board approval and customary closing conditions.
Kinder Morgan announced plans for a new 28-mile gas pipeline near Chicago that would deliver 360,000 Dth/d of gas to a new citygate station being built by an unnamed local distribution company, presumably Northern Illinois Gas Co., near Burnham, IL. Kinder Morgan said it is holding a binding open season on the pipeline project that will end on March 15.
Fort Worth, TX-based Encore Acquisition Co. announced Monday that it has entered into two separate agreements to purchase oil and gas interests and an unnamed oil and gas company from private sellers for approximately $123 million.