North American

Analysts with Great American Group LLC, a provider of asset disposition, valuation and appraisal services, believe that falling natural gas prices may have a significant impact on the domestic petrochemical industry in 2012 and beyond.

Williams Partners L.P. has completed its $2.4 billion acquisition of Caiman Energy’s wholly owned subsidiary, Caiman Eastern Midstream, LLC, giving it a significant footprint and growth potential in the natural gas liquids-rich portion of the Marcellus Shale. Williams owns 68% of Williams Partners, including the general-partner interest.

Nearly a dozen major energy companies, including Chevron Corp. and Royal Dutch Shell have developed standards for hydraulic fracturing in the Appalachian region as federal regulators look to answer concerns with tightened drilling rules, Dow Jones Newswires reported.

Quoting a source from the World Bank, Reuters reported that the U.S. shale energy boom is fueling a rise in the burning of waste gas after years of decline. Global gas flaring increased by about 70 Bcf in 2011, the first rise since 2008, preliminary data from the World Bank shows.

DCP Midstream has more than $2 billion of capital investment under way in the Midcontinent, significantly enhancing its leading position in the area as the largest gatherer and processor of natural gas. The growth projects will supply producers with full-value chain service, including NGL takeaway services to the premium Mont Belvieu, TX market.

MarkWest Energy Partners, L.P. has signed two major agreements related to its ongoing development of the Marcellus Shale.

Shell Pipeline successfully concluded a binding Open Season for firm capacity on the Houma-to-Houston pipeline system reversal project (Ho-Ho Reversal). Based on the commitments, Shell is proceeding with next steps to develop and execute the project.

Kinder Morgan Energy Partners, L.P. recently launched a binding open season to solicit market interest for its Cochin Reversal Project which would enable the company to offer a new service to move light condensate from Kankakee County, IL to existing terminal facilities near Fort Saskatchewan, Alberta, Canada.

Constitution Pipeline Company, LLC, a joint development between Williams Partners L.P. and Cabot Oil & Gas Corp., have executed precedent agreements for a proposed 121-mile pipeline to connect natural gas production in northeastern Pennsylvania with Northeast markets by spring 2015.

Chris Ransome & Associates, Inc. has been contracted to verify existing pipeline and utility crossings beneath the Sabine-Neches Waterway in the Beaumont- Port Arthur area of southeast Texas in preparation for the future Sabine-Neches Waterway Channel Improvement Project.

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