The Canada Pension Plan Investment Board is forming a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, according to NASDAQ. The new entity will hold pipeline assets in the Marcellus and Utica shale plays. CPPIB, Canada’s largest pension fund, will invest about $1.34 billion for a 35 percent stake in the venture,
Read More...Tom ShepstoneShepstone Management Company, Inc. GE will provide its record-setting HA gas turbine, the company’s most advanced and efficient technology ever, for a new energy project in Eastern Ohio. Fortress Transportation and Infrastructure Investors LLC is developing a project known as the Long Ridge Energy Terminal in Eastern Ohio. It will, according to the company,
Read More...Oil and gas production in Ohio’s Utica Shale continues to climb as its 2,141 producing wells outpace old records, according to fourth-quarter results released by the Ohio Department of Natural Resources. Natural gas production increased 31.9 percent when compared with the same quarter in 2017 as drillers across the state yielded 663.5 billion cubic feet
Read More...Tom ShepstoneShepstone Management Company, Inc. The shale revolution is just destroying its enemies, with record production of natural gas, growing exports and long desired energy security for the United States. The Energy Information Administration (EIA) is out with stunning statistics on the impacts of the shale revolution. The data is simply overwhelming; the shale revolution
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about LNG demand, new compressor stations, PTT cracker plant and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH
Read More...Equitrans Midstream Corp’s unit signed a deal worth $1.03 billion yesterday to take control of two pipelines that connect the Marcellus and Utica shales, according to Reuters. EQM Midstream Partners LP will purchase a 60 percent stake in Eureka Midstream Holdings LLC and all of Hornet Midstream Holdings LLC from a fund managed by Morgan Stanley.
Read More...Eclipse and Blue Ridge Mountain Resources recently announced they’ve finally completed the merger they announced last August to form a new company called Montage Resources Corp., according to Kallanish Energy. Montage Resources common stock begins trading on the New York Stock Exchange earlier this week under the ticker symbol “MR”, giving effect to the 15-to-1
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