So much high-quality U.S. oil is flowing into the U.S. Gulf Coast that the price of crude there has dropped sharply and is no longer in sync with global prices.

Azure Midstream Holdings LLC has completed its acquisition from EXCO Resources Inc. and BG Group plc of 100% of the equity interest in TGGT Holdings LLC for $910 million. In a related transaction, the East Texas Gathering (ETG) System, an asset managed by Tenaska Capital, is being contributed for an additional ownership interest.

Natural gas production in the northeastern United States rose from 2.1 Bcf/d in 2008 to 12.3 Bcf/d in 2013. This trend has reduced the cost and increased the supply of natural gas in the Northeast.

The American Association of Professional Landmen (AAPL) is helping landowners in oil and gas shale plays across the U.S. learn about the landmen living and working in their communities with two words: “meet us.”

Canadian Prime Minister Stephen Harper's envoy to First Nations on western energy projects said there "has not been constructive dialogue" with aboriginal communities — something the government must take drastic steps to change if it is to win support for the projects.

Devon Energy Corp. has reached a definitive agreement to acquire GeoSouthern Energy’s assets in the Eagle Ford oil play for $6 billion. The acquired assets include current production of 53,000 Boe/d and 82,000 net acres with at least 1,200 undrilled locations. The risked recoverable resource is estimated at 400 MMBoe, the majority of which is proved reserves.

Royal Dutch Shell plc will not move forward with the proposed 140,000 bpd Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspend any further work on the project. Shell has carefully evaluated a number of development options for GTL on the Gulf Coast using natural gas feedstocks. The estimated cost of the project was $20 billion.

Xpress Natural Gas announced plans to partner with Hess Energy Marketing (HEM), which was recently acquired by Direct Energy Business (DEB), to deliver compressed natural gas (CNG) to off-pipeline industrial and commercial businesses and institutions in New York state.

With the final decision on the long-awaited Keystone XL pipeline still hanging in the air, energy experts from around the country will gather March 25 for the 10th Annual Pipeline Opportunities Conference at the George R. Brown Convention Center in Houston to discuss that and other key issues facing the pipeline industry in North America.

“I would like to thank President Obama for this opportunity,” Cheryl A. LaFleur, newly named Acting Chairman of the Federal Energy Regulatory Commission, said.

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