Items Tagged with 'million'

ARTICLES

Undaunted by Commodity Prices, Kinder Morgan More Bullish on Midstream

When commodity prices are in decline, executives at Kinder Morgan Inc. get even more bullish about opportunities in the midstream sector. Read More

Clean Energy Acquires CNG Supplier, Sets Fueling Milestone

Newport Beach, CA-based natural gas transportation fuel provider Clean Energy Fuels Corp. on Tuesday closed its acquisition of a controlling interest in privately-held NG Advantage, and delivered, for the first time, more than 50 million compressed natural gas (CNG) gallons in the last quarter. Read More

American Midstream's Purchase of Costar Bolsters Onshore NatGas, Oil Services

Adding to a string of acquisitions over the past year, Denver-based American Midstream Partners LP on Tuesday completed a $470 million deal to acquire Dallas-based Costar Midstream LLC, boosting its natural gas gathering abilities in the Permian Basin and in East Texas, and giving it leverage in the oil-rich Bakken Shale. Read More

Magnum Hunter Steadily Selling Off Bakken Assets

Magnum Hunter Resources Corp. keeps whittling away at its North Dakota portfolio, announcing late Thursday another deal to sell more of its nonoperated Bakken Shale assets, this time divesting 12,500 net acres for $84.7 million to a large undisclosed independent. Read More

EQT Fights Escalating Penalties for Water Violations

Marcellus heavyweight EQT Corp., one of Pennsylvania's leading producers, is in a showdown with the state Department of Environmental Protection (DEP) over a 2012 impoundment leak that finds it facing a $4.53 million fine and six separate criminal charges in Commonwealth Court. Read More

Linn Energy Sells Texas Assets for $2.3B

Linn Energy LLC struck two deals to sell assets in Texas for gross proceeds of $2.3 billion, which will be used to pay for a recent acquisition... Read More

Cone Midstream Excites in Market Debut, But Vantage Pulls IPO

Cone Midstream Partners LP (CNNX), formed to own and develop natural gas gathering assets in the Marcellus Shale, captured investors' attention in its market debut on the New York Stock Exchange (NYSE) Thursday, climbing more than 38% from the opening bid. Read More

North Dakota Eyes $800M to Keep Up With Oil Boom

North Dakota's state lawmakers continue to scramble to maintain and expand infrastructure impacted by the oil/natural gas boom in the state that spills over from the Bakken/Three Forks shale plays into the western counties and local communities. Read More

PDC Settles Class Action Lawsuit

PDC Energy Inc. has reached a settlement on a long-standing class action lawsuit with a group of investors, which should allow the company to get out from under legal fees and focus on its nascent core areas in Colorado and Ohio. Read More

In $757M Deal, Bill Barrett Swaps Powder River, Piceance for Wattenberg

In a $757 million deal to transform into a majority oil company, Bill Barrett Corp. has agreed to sell the majority of its acreage in the Powder River Basin (PRB) and its remaining position in the Piceance Basin, in exchange for additional acreage in the Wattenberg Field, the company said Tuesday. Read More