Venture

The bottlenecks of the Marcellus Shale appear to be easing, as two of the oldest shale producers in the region recently announced production milestones.

Private capital firm TPG Capital is ponying up $1 billion to fund a new venture focused on acquiring and operating conventional natural gas producing properties in North America.

Private capital firm TPG Capital is ponying up $1 billion to fund a new venture focused on acquiring and operating conventional natural gas producing properties in North America.

EXCO Resources Inc. CEO Doug Miller said the decision by BG Group plc — its joint venture (JV) partner in the Marcellus Shale and the Haynesville/Bossier shale play in Louisiana and Texas — to participate in liquefied natural gas (LNG) exports would have little effect on EXCO’s business.

With his seventh shale-related joint venture (JV) in hand, Chesapeake Energy Corp. CEO Aubrey McClendon said Friday the company has plans to take partners in three, maybe more, U.S. leaseholds in 2012. The long-time shale promoter also claimed a leadership position for the company in the new natural gas age.

EXCO Resources Inc. CEO Doug Miller said the decision by BG Group plc — its joint venture (JV) partner in the Marcellus Shale and the Haynesville/Bossier shale play in Louisiana and Texas — to participate in liquefied natural gas (LNG) exports would have little effect on EXCO’s business.

U.S. shale natural gas production today is half the size of the global liquefied natural gas (LNG) business, which doesn’t bode well for those with designs on imports but is a positive for proposed export facilities, the Houston-based chief of Gazprom Marketing & Trading USA (GM&T) said Monday.

Kinder Morgan Inc.’s (KMI) acquisition of El Paso Corp. is taking place in a world of growing gas supply from nonhistoric basins, which is driving the need for new and different infrastructure: gas and liquids pipelines, processing, fractionation, etc. It’s too soon to say how a combined KMI-El Paso will play the infrastructure game, but consolidation among others shouldn’t be a surprise, energy analysts told NGI.

Boardwalk Pipeline Partners LP and a joint venture (JV) it has formed with an affiliate of its general partner have agreed to pay $550 million in cash to acquire Petal Gas Storage LLC and Hattiesburg Gas Storage Co. from Enterprise Products Partners LP, the companies said last week.