Post Tagged with: "gas"
SemGroup, Gavilon, Chesapeake to form pipeline, storage company
SemGroup Corp., Gavilon Midstream Energy LLC and an affiliate of Chesapeake Energy Corp. plan to form a joint venture that will construct a 210-mile pipeline in western and north central Oklahoma, which will deliver crude oil to a 1-million-barrel storage facility in Cushing, Oklahoma. The pipeline and storage facility will meet growing midstream requirements resulting [...]
Eagle Mountain, GMY-FW to sell Eagle Ford Shale properties
GMY-FW LP and Eagle Mountain Resources LLC have retained Energy Spectrum Advisors Inc. to sell certain oil and liquid-rich natural gas non-operated properties in the Eagle Ford Shale trend in Gonzales County, Texas. The package includes an average 3.0% working interest / 2.3% net revenue interest across 17,916 gross / 16,662 net acres. The entire [...]
Chesapeake Energy prices $1.3 billion senior notes offering
Chesapeake Energy Corp. has priced its public offering of $1.3 billion principal amount of senior notes due 2019 at 98.75% of par to yield 7%. The notes will carry an interest rate of 6.775% per annum. The offering was increased from an offering size of $1.0 billion, resulting in net proceeds to the company of [...]
Natural Gas Partners names venture partner
Natural Gas Partners, a private equity investor in the oil and gas industry, has named John Weinzierl as venture partner. Weinzierl has over 21 years of experience in the industry including working for Conoco, Inc. as a petroleum engineer in various capacities around the world. He served as a director for several of NGP’s private [...]
Craft Oil acquires New Jersey-based lubricant distributor
Avoca, Pennsylvania-based Craft Oil Corp., a privately-held oil lubricant and equipment distributor, has acquired Neslo Petroleum Products Inc. for “an undisclosed price.” Neslo Petroleum Products is a lubricant distributor in the state of New Jersey and an authorized distributor for Shell Oil Co. The acquisition will mean the relocation of the current Craft Oil operation [...]
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