Sunday, September 7, 2025

N.J. Town Makes Zoning Change that would Kink Williams NatGas Pipeline Proposal

From NJ.com A tract of land where a natural gas pipeline company is proposing to build a compressor station has been rezoned, a change that could affect the project. Chesterfield Township Committee on Wednesday unanimously voted to change the zoning of more than 130 acres along the New Jersey Turnpike from “office park” to “agricultural.” One of the nine parcels is

WPX Exceeds 2015 Deleveraging Goal with New Transaction

WPX Energy (WPX) announced today that it signed an agreement to sell its San Juan Basin gathering system for consideration of approximately $309 million to a portfolio company of ISQ Global Infrastructure Fund, a fund managed by I Squared Capital. WPX is receiving $285 million cash subject to closing adjustments and a commitment estimated at $24 million in capital designated

Free Fallin’: U.S. Rig Count Drops Below 700, Canada Loses 34% of Fleet

U.S. Running Rigs Reach Lowest Level of the Millenium United States rig counts closed out 2015 with 698 in operation, according to the latest information provided by Baker Hughes (ticker: BHI). The total is just two less on a week-over-week basis, and both were oil-focused rigs. The updated number is the lowest since 1999. Taking basins into consideration, the Williston