Low natural gas prices are driving producers such as Chesapeake and Southwestern to seek large ‘strategic’ deals at a time when large-scale consolidation is coming under increased scrutiny by lawmakers and regulators.
Pipeline companies have been suing energy giant Energy Transfer LP in Louisiana courts, accusing Energy Transfer of anti-competitive actions by blocking proposed north-south pipelines from crossing an Energy Transfer conduit running through northern Louisiana.
The U.S. natural gas rig count fell two units to 118 for the week ended Friday (Jan. 5), including a small decrease in activity in the Haynesville Shale,