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Carbon Energy Acquires Carbon Appalachian’s Natural Gas Producing Properties and Midstream Assets
January 18, 2019
Carbon Energy Corporation completed the acquisition of Carbon Appalachian Company. Carbon Energy now owns 100 percent of Carbon Appalachian Company’s producing properties, natural gas gathering pipelines, and related facilities. The purchase price for the membership units was approximately $58,000,000. Prior
Zenith Energy Acquires CorEnergy’s Portland Terminal Facility for $61 Million
January 18, 2019
CorEnergy Infrastructure Trust, Inc. has sold its Portland Terminal Facility and its remaining interest in the Joliet Terminal to Zenith Energy Terminals Holdings for an aggregate consideration of $61 million. Pursuant to CorEnergy’s lease agreement with its tenant, Zenith had
DOE: Surging Oil Output Will Push U.S. Towards Energy Independence in 2020
January 17, 2019
The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy. U.S. oil production, already at an all-time high this year, will increase
Abu Dhabi’s Top Petrochemicals Executive Al-Kaabi Has His Eye on North American Shale
January 17, 2019
While North American shale may be competition for OPEC members, some crude-exporting countries in the Arabian Gulf are simultaneously taking advantage of the commodity’s ability to fuel lucrative investments beyond oil. For the United Arab Emirates’ Musabbeh al-Kaabi, chief executive
Big Win for Oil and Gas Industry, Colorado Supreme Court Reverses Appeals Court Ruling
January 17, 2019
In a win for the oil and gas industry, the Colorado Supreme Court on Monday reversed a lower court ruling that said the Colorado Oil and Gas Conservation Commission should give more weight to the public health, safety and the
Todd Staples: Natural Gas Credited for Driving CO2 Levels at Lowest Since 1992
January 17, 2019
The U.S. not only leads in energy production, but our nation also leads the world in emission reductions — while helping other countries improve their air. Natural gas, now America’s leading source of electricity generation, is credited with driving U.S.
Energy Transfer Places Mariner East 2 Pipeline Into Service
January 16, 2019
Energy Transfer’s Mariner East 2 natural gas liquids (NGLs) pipeline has been put in service, available for both interstate and intrastate service. The 350-mile NGL pipeline transports domestically produced ethane, propane, and butane east from processing plants in Ohio across
WhiteWater Midstream Launches Binding Open Season for Proposed Steady Eddy Pipeline
January 16, 2019
WhiteWater Midstream (WWM) is holding a binding open season to solicit commitments for firm natural gas transportation service to develop and construct a new interstate pipeline connecting multiple receipt points in Eddy County, New Mexico to delivery points in Northern
Pa. Governor Wolf Signs Executive Order to Cut Greenhouse Gas Emissions
January 15, 2019
Gov. Tom Wolf has set Pennsylvania’s first economy-wide target for reducing greenhouse gas emissions, and proposed steps for the agencies under his watch to slash their energy use, through an executive order he signed on Tuesday at the Heinz History
Louisiana Playing Critical Role in U.S. Energy Boom
January 15, 2019
The United States’ ability to produce, export, and meet consumer needs is at an all-time high. Earlier this month, the Energy Information Administration (EIA) reported the US became a net exporter of crude oil for the first time in nearly
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