Sunday, January 5, 2025

Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Via Philadelphia Business Journal Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and natural gas, according to a new report. The Keystone State is the second-biggest natural gas producer in the U.S. but

Marathon Petroleum had Competitors for MarkWest

Via Columbus Business Journal Marathon Petroleum had 2 competitors for MarkWest, filing reveals New details from a Marathon Petroleum Corp. subsidiary reveal two other companies were fighting for the rights to acquire MarkWest Energy Partners, a $2.01 billion oil and gas company with strong exposure in eastern Ohio. MarkWest and Marathon spent all of 2014 discussing a joint venture and

Aubrey McClendon Plans to Spend $100 Million in Australia

Via Columbus Business Journal Aubrey McClendon plans to spend $100 million in … Australia? Oil and gas maven Aubrey McClendon has spent big on shale plays across the U.S., especially in Ohio. But now McClendon, founder of Chesapeake Energy Corp. (NYSE:CHK), is shifting his gaze down under. McClendon’s new company, American Energy Partners LP, has signed a non-binding letter of

TransCanada

TransCanada Reaches Deal on Energy East Project

Via MarketWired TransCanada Reaches Agreement with Eastern LDCs On Energy East and Eastern Mainline Project CALGARY, ALBERTA, Aug 24, 2015 (Marketwired via COMTEX) — TransCanada Corporation (TRP) TRP, -0.32% (TransCanada) today announced it has reached an agreement with Gaz Metro Limited Partnership (GMi), Enbridge Gas Distribution Inc. and Union Gas Limited (Local Gas Distribution Companies or the “LDCs”) that resolves

South Korea Looks for Deal with Iran

Via Reuters: South Korean officials visit Iran to seek post-sanction deals SEOUL (Reuters) – South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement was reached to lift sanctions on Tehran. Iran is targeting oil and gas projects worth $185 billion by 2020, after