New Joint Venture Plans To Explore Marcellus, Utica Shale Plays - Beckley, Bluefield & Lewisburg News, Weather, Sports

New Joint Venture Plans To Explore Marcellus, Utica Shale Plays

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  • Were the two firefighters at the Tunnel lending a helping hand, or doing something illegal?

    Were the two firefighters at the Tunnel lending a helping hand, or doing something illegal?

    Tuesday, July 29 2014 7:00 PM EDT2014-07-29 23:00:46 GMT
    When lending a helping hand, how far is too far? During the tractor trailer fire on Friday, Colin Dunn and Virginia Prince stole an emergency vehicle and drove it through the tunnel. Dunn is a firefighter in Maryland and Prince is a firefighter in Maine.
    When lending a helping hand, how far is too far? During the tractor trailer fire on Friday, Colin Dunn and Virginia Prince stole an emergency vehicle and drove it through the tunnel. Dunn is a firefighter in Maryland and Prince is a firefighter in Maine.
  • Alleged robbery leaves bartender scarred for life

    Alleged robbery leaves bartender scarred for life

    Alleged robbery leaves bartender scarred for life

    Tuesday, July 29 2014 6:18 PM EDT2014-07-29 22:18:38 GMT
    In Summers Countythe Lilly Pad Bar in Hilldale was taken by surprise over the weekend.According to reports, two men allegedly walked into the bar with knives demanding money. Around 1:00AM on Sundaythere were only two people in the entire bar, the bartender and a customer.Two men allegedly came in armed with knives. and tied up the customer and cut his hand.After that, deputies say the robbers took 7-8 thousand dollars from the bar.While this was going on, the bartender says she was cut acros...
    In Summers Countythe Lilly Pad Bar in Hilldale was taken by surprise over the weekend.According to reports, two men allegedly walked into the bar with knives demanding money. Around 1:00AM on Sundaythere were only two people in the entire bar, the bartender and a customer.Two men allegedly came in armed with knives. and tied up the customer and cut his hand.After that, deputies say the robbers took 7-8 thousand dollars from the bar.While this was going on, the bartender says she was cut acros...
  • Will parking be an issue for Saints fans as the State Fair of West Virginia comes to town?

    Will parking be an issue for Saints fans as the State Fair of West Virginia comes to town?

    Tuesday, July 29 2014 11:29 AM EDT2014-07-29 15:29:53 GMT
    Local New Orleans Saints fans continue to watch and enjoy their beloved team as they continue to practice in our area. But as the State Fair of West Virginia grows closer and closer, some are concerned if parking will soon be an issue.
    Local New Orleans Saints fans continue to watch and enjoy their beloved team as they continue to practice in our area. But as the State Fair of West Virginia grows closer and closer, some are concerned if parking will soon be an issue.
With sights set on local shale plays, American Energy Partners LP and Energy and Minerals Group announced June 18 that they are forming American Energy – Midstream, LLC (AE-MidCo).

The new company will make investments in the midstream natural gas industry — which includes the transportation, storage and wholesale marketing of petroleum — focusing on natural gas gathering and processing systems and long-haul pipelines associated with the four AELP affiliates with shale play-specific mandates.

AELP, an Oklahoma City-based oil and natural gas exploration and production company, has affiliates in the Marcellus (AEM), Utica (AEU), Woodford (AEW) and Permian Basin (AEPB) shale plays. Texas-based EMG, a private investment firm that invests in the energy and minerals sectors, is the lead equity investor in all four affiliates.

The announcement comes just days after AELP reported on June 9 that AEM and AEU signed a $1.75 billion agreement to acquire 75,000 net acres in the southern Utica and Marcellus shale plays from East Resources, Inc. and another unnamed private company.

In the transaction, AEM acquired approximately 48,000 net acres of leasehold in Doddridge, Harrison, Marion, Tyler and Wetzel counties in West Virginia; and AEU acquired approximately 27,000 net acres of leasehold in Monroe County, Ohio.

The Marcellus acquisition marks AEM’s entry into the southern Marcellus Shale play, on which the company plants to drill approximately 410 gross wells and 355 net wells.