Regency Energy Partners LP, whose general partner is majority-owned by an affiliate of GE Energy Financial Services, has received antitrust clearance to buy FrontStreet Hugoton LLC and FrontStreet Energyone LLC from GE Financial Services for $139 million.
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Questar Talking Up the Next Big Rockies Pipeline
The turning of the tap on the Rockies Express (REX)-West pipeline, expected Jan. 1, won’t come a minute too soon for Questar Corp., whose exploration and production (E&P) business shut in about 4.4 Bcfe (net) of unhedged Rockies gas and natural gas liquids (NGL) production in response to low regional market prices during the third quarter.
Questar: It’s Time to Rock on the Next Big Rockies Pipe Project
The turning of the tap on the Rockies Express (REX)-West pipeline, expected Jan. 1, won’t come a minute too soon for Questar Corp., whose exploration and production (E&P) business shut in about 4.4 Bcfe (net) of unhedged Rockies gas and natural gas liquids (NGL) production in response to low regional market prices during the third quarter.
Industry Brief
Tortoise Capital Advisors LLC, whose portfolio includes emerging exploration and production master limited partnerships (MLP), has formed an oil and gas company. Headquartered in Overland Park, KS, Tortoise Gas and Oil Corp. will have equity of $82.9 million and available capital of more than $100 million for direct investments in energy producers. “We formed Tortoise Gas and Oil Corp. primarily to respond to the growing need by private and public U.S. energy production partnerships for timely and flexible direct placement financing to fund internal growth projects and acquisitions,” said Managing Director David Schulte. “We intend to invest directly in privately held companies and publicly traded MLPs operating primarily in the upstream segment, and to a lesser extent the midstream segment, of the energy sector.” Tortoise now has about $10 million invested in High Sierra Energy LP, $10 million in International Resources Partners LP and $7.5 million in EV Energy Partners LP.
Rockies Producers Wait Out Low Gas Prices
Denver-based Gasco Energy Inc., whose natural gas exploration and production (E&P) is centered in the Uinta Basin of Utah, shut in some of its wells and will not finish some recompletions until Rocky Mountain commodity prices edge higher, CEO Mark Erickson said last week.
Rockies Producers Waiting Out Low Gas Prices
Denver-based Gasco Energy Inc., whose natural gas exploration and production (E&P) is centered in the Uinta Basin of Utah, has shut in some of its wells and will not finish some recompletions until Rocky Mountain commodity prices edge higher, CEO Mark Erickson said.
Chesapeake CEO Backing Group to Promote Gas-Fired Generation
Chesapeake Energy CEO Aubrey McClendon — whose company recently helped bankroll a controversial anti-coal advertising campaign — has only nice things to say about natural gas. And he’s formed a new foundation and hired Denise Bode away from the Oklahoma Corporation Commission (OCC) to help spread the gospel that North American gas is the answer to carbon dioxide-intensive power generation.
Chesapeake CEO Turns From Bashing Coal to Boosting Gas
Chesapeake Energy CEO Aubrey McClendon — whose company recently helped bankroll a controversial anti-coal advertising campaign — has only nice things to say about natural gas. And he’s formed a new foundation and hired Denise Bode away from the Oklahoma Corporation Commission (OCC) to help spread the gospel that North American gas is the answer to carbon dioxide-intensive power generation.
NY Business Group Throws Support Behind Broadwater LNG
The Long Island Association (LIA), whose membership includes more than 5,000 New York businesses, labor unions, academic institutions and nonprofits, has thrown its conditional support behind the controversial deepwater liquefied natural gas (LNG) terminal proposed for Long Island Sound by Broadwater Energy LLC.
NY Business Group Throws Support Behind Broadwater LNG
The Long Island Association (LIA), whose membership includes more than 5,000 New York businesses, labor unions, academic institutions and nonprofits, has thrown its conditional support behind the controversial deepwater liquefied natural gas (LNG) terminal proposed for Long Island Sound by Broadwater Energy LLC.