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Phillips 66 Partners to Acquire Stake in Liberty Pipeline Project in $75M Deal
February 27, 2020
Phillips 66 Partners has agreed to acquire Phillips 66’s 50 percent stake in the Liberty Pipeline project, US, in a deal worth $75 million. The project is a 24in-diameter, 700-mile-long pipeline deigned to transport crude oil from the Rockies and
Pennsylvania Advances Rule to Restrict Methane Emissions from Oil and Gas Production
February 27, 2020
Pennsylvania’s Environmental Quality Board passed regulations to reduce methane and volatile organic compound emissions from oil and gas operations in the state, that will make it hard for small firms to operate wells or storage facilities. Pennsylvania’s Environmental Quality Board
CenterPoint Energy to Sell Its Natural Gas Retail Business for $400 Million
February 27, 2020
US-based electric and natural gas utility company, CenterPoint Energy has agreed to sell CenterPoint Energy Services (CES), a natural gas retail business to Energy Capital Partners (ECP) for about $400 million. Headquartered in Houston, CES has around 300 employees. The
ERF Wireless Forms New Subsidiary to Acquire Oil and Gas Assets
February 26, 2020
ERF Wireless’ board of directors have voted to form a new wholly owned private Texas subsidiary corporation named Zona Resources, Inc. The purpose of this new subsidiary will be to provide ERF Wireless with a wholly owned private subsidiary focused
EIA Optimistic About U.S. Gas Production and Exports
February 26, 2020
According to projections published in the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020),, total dry natural gas production in the United States will continue to increase until 2050 in most of the AEO2020 cases, primarily to support
Case Energy Partners Launches CEP Minerals II to Focus on Permian Basin
February 26, 2020
Case Energy Partners and affiliates have launch CEP Minerals II, LLC. The new mineral and royalty acquisition venture is the second iteration of Case’s successful CEP Minerals, LLC (CEP I), which was launched in early 2017 and has since acquired
Demand for Liquefied Natural Gas Set to Double By 2040
February 25, 2020
Worldwide demand for liquefied natural gas, or LNG, rose by 12.5 percent to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report. Citing forecasts, Shell said that LNG demand was expected to double by
New Mexico Considers Fracking Moratorium
February 25, 2020
For the second consecutive year, Democrats in New Mexico have introduced legislation to impose a four-year moratorium on hydraulic fracturing (fracking) and subject existing operating wells to expanded reporting requirements. For the second consecutive year, Democrats in New Mexico have
Ransomware Shuts Gas Compressor Facility for Two Days in Latest Attack
February 25, 2020
A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years. Hackers sent emails with a malicious link
North Dakota Regulators Approve Expanded Capacity for Dakota Access Pipeline
February 24, 2020
North Dakota regulators on Wednesday unanimously approved expanded capacity for the Dakota Access pipeline, saying they believed the project had met exhaustive state and federal requirements. The 3-0 vote by the all-Republican Public Service Commission came after the body signaled
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