A new report published by the Texas Independent Producers and Royalty Owners Association reports that the state continued to lead the nation in oil and gas output and energy jobs last year, Platts reports.
HOUSTON (AP) — Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company.
Targa Resources Partners LP, based in Houston, will pay $4 billion and assume $1.8 billion in debt for Atlas Pipeline. Each Atlas Pipeline unitholder will receive 0.5846 units of Targa Resources Partners and a one-time cash payment of $1.26 per Atlas Pipeline unit for total consideration of $38.66 per Atlas Pipeline unit.
North Dakota Gov. Jack Dalrymple and Sen. John Hoeven, R-N.D., joined Badlands NGL officials to announce plans for a $4 billion plastics plant that would limit natural gas waste and represent the largest private investment in state history, The Associated Press reports.
Brookings Institution forum, "The Ukraine Conflict and its Impact on the European Gas Market." Speakers include Tatiana Mitrova, of the Energy Research Institute, Russian Academy of Sciences, and Robin Dunnigan, State Department acting deputy assistant secretary for energy diplomacy.
ATLANTA (AP) — A proposal to build a $3.7 billion pipeline system carrying natural gas into Florida is raising complaints from Georgia residents — including media mogul Ted Turner — who say they'd face environmental costs while others get the benefits.
Spectra Energy Partners LP and NextEra Energy Inc. are seeking federal permission to build the Sabal Trail and the Florida Southeast Connection, about 600 miles of pipeline bringing natural gas from a hub in Alabama, across southwest Georgia and to power plants in Florida. If approved by the Federal Energy Regulatory Commission, the system would start operating in mid-2017.
A natural gas firm is set to go public next week, listed among initial public offerings planned for the week starting October 13. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.
Dominion Midstream Partners LP - Richmond, Va., 17.5 million shares, priced $19 to $21, managed by Barclays, Citigroup, and J.P. Morgan. Proposed NYSE symbol DM. Business: Operates Dominion Resources' liquefied natural gas import, storage, regasification and transportation assets.
Posting a new proposed route for the Mountain Valley Pipeline it plans to construct with NextEra Energy to move gas into central Virginia, EQT Corp. said the changes should minimize the impact on scenic areas of the Appalachian Trail and the Blue Ridge Parkway, The Roanoke Times reports.
China processed 10.3 million barrels of oil a day in September, a record analysts -- who say companies are replenishing their stockpiles -- attribute to the drop in crude prices, The Wall Street Journal reports.
Oil prices gained early Tuesday on news of record demand in China in September. Crude increased 55 cents, bringing the U.S. benchmark to $83.26 a barrel in electronic trading on the Nymex, while in London Brent hit $85.95, Reuters reports.
Monday’s settlement for November natural gas futures on the Nymex – down 9.6 cents to $3.67 per million British thermal units – represents an 11-month low, and analysts told Platts a mild weather forecast for the month will likely reinforce the sluggish trend.
Despite recent improvements in the numbers, oil and gas firms still have more deaths from explosions and fires than any other private industry and carelessness is still a problem, according to E&E’s review of federal statistics.
Rep. Lamar Smith, R-Tex. and chair of the House Science, Space and Technology Committee, has sent a second letter to Administrator Gina McCarthy about the Environmental Protection Agency’s rule limiting carbon emissions from existing power plants, this time demanding a full cost analysis in the face of what he calls “the flaws and deficiencies in EPA’s modeling,” The Hill reports.
The reduction in the federal investment tax credit that’s due to take effect at the end of 2016 will drive a wave of consolidation that will leave six to 12 major players in the solar industry, an analyst predicted at the start of the Solar Power International conference in Las Vegas, Bloomberg reports.
Tesoro Logistics is getting into the natural gas business, picking up assets from QEP Resources in Colorado, Utah and North Dakota in a deal with a $2.5 billion price tag, the San Antonio Express-News reports.
Taking the first formal step in the process to limit strontium in drinking water, the Environmental Protection Agency has issued a preliminary determination to regulate levels of the substance and will take public comment on the matter, The Hill reports.