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Financier Carl Icahn and some Icahn entities have purchased nearly 5% of Kerr-McGee Corp. stock and said they intend to nominate two candidates to the board of directors at the company's annual meeting, which is scheduled for May 10.
Unocal Windy Hill Gas Storage LLC is conducting a nonbinding open season through May 18 for 6 Bcf of future natural gas storage capacity at a facility planned on its Windy Hill property in Morgan County, CO. The new facility would be the first bedded salt underground gas storage facility in Colorado.
In less than 24 hours EXCO Resources Inc. announced two transactions worth close to $700 million to sell some natural gas-weighted properties in Oklahoma, Ohio and Pennsylvania.
In an effort to lower heating bills next winter, the Maryland Public Service Commission (PSC) has ordered each of the state's utilities to purchase 40% of its summer gas injection needs immediately for delivery between now and October.
Rockies Express Pipeline LLC (REX) expects to begin service to Clarington, OH, on Nov. 1 on REX-East, provided horizontal directional drilling between Lebanon, OH, and Clarington at Deer Creek goes as planned, which might not happen, REX said late last week.