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Blackstone and Alta Resources partner to invest up to $1B to acquire and develop unconventional oil & gas assets in North America

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Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group have formed Alta Energy Partners which will invest up to $1 billion to acquire and develop unconventional oil and gas assets in North America. Founded in 1999 by Joseph G.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

El Paso 225
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Researchers design nanoparticles for cost-effective hydrogen production process

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Researchers at the University of Arkansas, with colleagues from Brookhaven National Lab and Argonne National Lab, have found that nanoparticles composed of nickel and iron are more effective and efficient than other more costly materials when used as catalysts in the production of hydrogen fuel through water electrolysis. —Manso et al.

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Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

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The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. Arkansas and Mississippi will receive $5 million each to support methane measurement and begin plugging wells. California. 1,000-1,200. Mississippi. *.

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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

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million for the creation of two new Biomass Crop Assistance Program ( BCAP ) project areas in New York and North Carolina, and the expansion of an already established BCAP project area in Arkansas. This Arkansas BCAP project area is sponsored by MFA Oil Biomass LLC, in Columbia, Mo.

Arkansas 218
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Plains All American to build $900M, 200K bpd pipeline from Cushing to Memphis

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will construct the Diamond Pipeline, a 440-mile (708 km), 20-inch crude oil pipeline that will provide capacity of up to 200,000 barrels per day of domestic sweet crude from the Plains Cushing, Okla. The refinery currently primarily processes light and sweet crude oil received through the Capline pipeline.

Memphis 236
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Follow the sand to the real fracking boom

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When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Pushing demand up is the trend for wider, shorter fracs , which require twice as much sand.

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