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ArcLight Acquires Sempra Energy’s Natural Gas Storage Facilities for $332 Million
January 8, 2019
Sempra Energy said that its subsidiary has agreed to offload its non-utility natural gas storage facilities in the US to an affiliate of ArcLight Capital Partners for $332m in an all-cash deal. The gas storage assets being sold by the
Court Declines to Speed Up Review to Help with Atlantic Coast Pipeline Scheduling Woes
January 8, 2019
Despite Atlantic Coast Pipeline’s warnings that the current court schedule could delay the 600-mile, 1.5 Bcf/d natural gas project, a federal appeals court declined to speed the pace for briefing and oral argument for a challenge to federal endangered species
Alliance Resource Partners Acquires $176M of AllDale’s Oil and Gas Interests
January 7, 2019
Alliance Resource Partners (ARLP) has wrapped up a previously announced $175.96m acquisition of certain oil and gas mineral interests held by AllDale Minerals and AllDale Minerals II across the Anadarko, Permian, Williston and Appalachian basins. As part of the transaction,
Eni to Acquire 70% Stake in Oooguruk Oil Field, Offshore Alaska
January 7, 2019
Italian oil and gas company Eni has agreed to acquire a 70 percent stake in the Oooguruk oil field located offshore Alaska from Caelus Natural Resources Alaska for an undisclosed price. The firm already owns a 30 percent interest in
Fracking Firms in Pa. Getting Billed for Millions in Impact Fees
January 7, 2019
About 17 natural gas companies are expected to get invoices early this year for millions of dollars of impact fees they owe on low-producing shale wells after a state Supreme Court decision last week. The Pennsylvania Public Utility Commission is
2019 Could Make or Break OPEC
January 7, 2019
When OPEC+ agreed to begin cutting crude oil production again in December, hardly anyone in the cartel thought the effect of the news on prices would be as lackluster as it turned out to be. It took some time for
Trump’s Largest Energy Dominance Actions of 2018
January 4, 2019
President Donald Trump has pushed his administration toward “energy dominance” by cutting environmental regulations on fossil fuel development and opening up federal lands and waters for energy companies. The Trump administration has dealt significant blows to the environmental legacy of
Interior Secretary Ryan Zinke’s Legacy on Oil and Gas Drilling Will Be Long Lasting
January 4, 2019
Interior Secretary Ryan Zinke will depart at the end of the year, but his conservative supporters and environmental critics both agree his legacy on oil and gas drilling will be long lasting. Zinke was instrumental in carrying out the Trump
West Virginia University Extension to Train Oil and Gas Workers
January 4, 2019
The West Virginia University Safety and Health Extension has partnered with Pierpont Technical and Community College to provide OSHA Education Center courses to students interested in the oil and gas industry through a host organization relationship. Students can complete a
New Study Blames Anti-fossil Fuel Activists for Over $91 Billion in Economic Losses
January 4, 2019
The Chamber of Commerce and trade unions took aim at anti-fossil fuel activists in releasing a scathing report on Tuesday that concluded that their form of environmentalism slowed economic activity by over $91 billion in the U.S. in 2018. “Taken
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