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Noble Energy sells stake in Marcellus midstream MLP for $765M

Houston-based Noble Energy Inc. (NYSE: NBL) announce May 18 plans to sell its stake in a Marcellus midstream master limited partnership for $765 million in cash. The deal, which is expected to close in the third quarter, comes less than a month after Noble announced a $1.2 billion deal to sell all of its upstream…

In-House Counsel Awards: Chevron’s Annemarie Torrez

It’s as if Annemarie Torrez was waiting her entire life for the shale gas boom. She earned an undergraduate degree in engineering from the University of Pittsburgh and worked for Chevron in San Francisco. She then earned a law degree in a night school program at the University of San Francisco. In 2011, with nearly…

Utica Shale adds another rig while Marcellus remains steady

Drilling activity is building in the Utica Shale, with another rig starting work last week even as the Marcellus drilling remained at the same level as it has since the beginning of the year. Baker Hughes’ latest rig count shows the same number of rigs running in the Marcellus, 43, as in recent weeks while…

5 things to know in Texas energy this week

May has been a month of new starts and narrowing portfolios for Texas energy companies so far. Swift Energy has changed its name and found its way onto the New York Stock Exchange, while Noble Energy is selling upward of a billion dollars in Marcellus upstream assets, and Flotek sold off its drilling technologies business….

Birmingham company makes huge Marcellus Shale acquisition

A Birmingham-based energy company recently acquired a large portfolio of Marcellus oil and gas wells in Pennsylvania and West Virginia. According to our sister publication in Pittsburgh, Titan Energy – which entered the Marcellus Shale with the acquisition of Atlas Resource Partners LP’ assets last year- sold roughly 8,400 conventional and Marcellus oil and gas…

Titan Energy to sell off Pennsylvania, West Virginia assets

Titan Energy, which entered the Marcellus Shale with the acquisition of Atlas Resource Partners LP’ assets last year, is selling its wells in Pennsylvania and West Virginia for $84.2 million. The buyer is Diversified Gas & Oil PLC (AIM: DGOC), an existing natural gas and oil production company in the Appalachian basin that is based…

Butler and Lewis: Takeaway is our regions need more pipelines

Per the U.S. Energy Information Administration, the Appalachian and Marcellus regions do not have enough “takeaway capacity” — in other words, pipelines — to meet basic family, electric, home heating and manufacturing demand. If you don’t find this upsetting, you should. Ongoing bottlenecks and a lack of pipeline capacity could mean that many of us…

Noble’s Marcellus sale ends its drilling foray into Appalachia

Noble Energy Inc. is selling off its Marcellus Shale natural gas wells in the next several months for more than $1 billion, ending a six-year tenure in Appalachian natural gas production that began with a multibillion-dollar joint venture with Consol Energy Inc. in 2011 and its own $3.4 billion initial investment in Marcellus Shale acreage…

Noble selling Marcellus Shale assets for $1.12B

One of the region’s and state’s biggest natural gas drillers is pulling out of the Marcellus Shale, announcing Tuesday the pending sale of its entire portfolio of natural gas production in southwestern Pennsylvania and West Virginia for $1.2 billion. Noble Energy Inc. (NYSE: NBL) confirmed it would sell all of its assets to an undisclosed…

Houston energy co. sells Marcellus assets for more than $1B

Houston-based Noble Energy Inc. is selling all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer. The deal, valued at more than $1.2 billion, includes upfront cash of more than $1.12 billion and contingent payments totaling $100 million for the assets in the Marcellus area, according to a release….

Mountain Valley Pipeline plans moving forward

The Mountain Valley Pipeline, which will be co-owned by Pittsburgh-based EQT Midstream Partners, is expected to receive a key environmental impact statement from federal regulators within the next two months. EQT Midstream Partners (NYSE: EQM) said in a statement accompanying the company’s first-quarter earnings that it should receive the Final Environmental Impact Statement from the…

Fueling the grid: natural gas becoming choice for generating electricity

It was the Marcellus Shale that initially drew IMG Midstream to southwestern Pennsylvania, but it’s the infrastructure that’s being built up around the shale that’s enabling the company to continue growing here. IMG, a builder of small-scale, natural gas-fueled power plants that generate electricity, moved its corporate offices to the North Shore last year and…

N.C. legislators sign on to support Atlantic Coast Pipeline

N.C. House Speaker Tim Moore (R-Cleveland) and Senate President Phil Berger (R-Rockingham) joined 16 legislative leaders from North Carolina, Virginia and West Virginia to call for Federal Energy Regulatory Commission approval of $5.1 billion Atlantic Coast Pipeline. Five N.C. legislative leaders signed on to the letter to FERC Tuesday expressing support for the project designed…

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