Venture

Kinder Morgan Energy Partners LP (KMP) and Martin Midstream Partners LP have formed joint venture (JV) Pecos Valley Producer Services LLC to develop a multi-commodity rail terminal in Pecos, TX, to serve oil and gas producers in the Permian Basin of West Texas.

As part of its strategy to create a major natural gas supply hub in northeastern Pennsylvania, Williams Partners has formed an interstate pipeline joint venture with Cabot Oil & Gas Corp., one of the top producers in the Marcellus Shale.

Following in the footsteps of other major Marcellus Shale operators, Cabot Oil & Gas Corp. plans to reduce capital spending by about $100 million this year in response to low natural gas prices.

Quicksilver Resources Inc., which last month locked in a natural gas midstream partner, now is ready to commit to a joint venture (JV) to help fund upstream development of a 130,000 net acre leasehold in the Horn River Basin, executives said last week.

Quicksilver Resources Inc., which last month locked in a natural gas midstream partner, now is ready to commit to a joint venture (JV) to help fund upstream development of a 130,000 net acre leasehold in the Horn River Basin, executives said Thursday.

Chesapeake Energy Corp. on Tuesday said it completed a joint venture (JV) in the Utica Shale with the U.S. subsidiary of France’s Total SA, a company that had been all but acknowledged to be the Oklahoma City-based producer’s silent partner for almost two months.

SandRidge Energy Inc. has eliminated some funding issues hanging over its U.S. development plans after securing a $1 billion joint venture (JV) in a key onshore play with Spain’s Repsol YPF SA.

SandRidge Energy Inc. has eliminated some funding issues hanging over its development plans after securing a $1 billion joint venture (JV) in a key onshore play with Spain’s Repsol YPF SA.

SandRidge Energy Inc. has eliminated some funding issues hanging over its U.S. development plans after securing a $1 billion joint venture (JV) in a key onshore play with Spain’s Repsol YPF SA.