Private equity firm ArcLight Capital Partners’ LOGOS Resources II portfolio company is acquiring independent producer WPX Energy's legacy gas properties and undeveloped Mancos acreage in the San Juan Basin.
West Virginia Gov. Jim Justice earlier this week was short on specifics, but showed enthusiasm for what he termed a “deathly serious” $83.7 billion China Energy investment plan for shale gas and petrochemical projects in West Virginia, the Wheeling (W.V.) News-Register newspaper reported.
China’s CAS Holdings, an investment arm of China’s Academy of Science, looks to spend $2 billion on a natural gas-to-methanol plant in the state of Washington, then shipping the fuel to Chinese factories and chemical makers, Chinese executives said.
Year-old oil and gas producer Chisholm Energy Holdings, backed by a $500 million equity credit line from private equity firm (PEF) Warburg Pincus, said Thursday it signed a deal to acquire undeveloped acreage from start-up Resource Rock Exploration, backed by PEF Kayne Anderson Energy Funds.