Killajoules

Crestwood Midstream Partners and Crestwood Holdings to Acquire Antero Resources’ Marcellus Shale Gathering Assets for $375 Mill
Crestwood Midstream Partners LP (NYSE: CMLP), Crestwood Holdings Partners LLC (“Crestwood Holdings”) and Antero Resources Appalachian Corporation (“Antero”) announced today the execution of definitive agreements whereby CMLP and Crestwood Holdings, through a newly formed joint venture (“Crestwood Marcellus Midstream”), have agreed to acquire certain of Antero’s Marcellus Shale gathering system assets located in Harrison and Doddridge Counties, West Virginia for $375 million in cash plus an earn-out which would allow Antero to earn additional purchase price payments of up to $40 million based upon average annual production levels achieved during 2012 and 2013.

New Study Shows No Evidence of Groundwater Contamination from Hydraulic Fracturing
Hydraulic fracturing of shale formations to extract natural gas has no direct connection to reports of groundwater contamination, based on evidence reviewed in a study released Thursday by the Energy Institute at The University of Texas at Austin.

USGS Releases First Shale-Oil and Shale-Gas Resource Potential Assessment for the Alaska North Slope
For the first time, the U.S. Geological Survey has estimated the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. The estimates range from 0 up to 2 billion barrels of oil and from 0 up to 80 trillion cubic feet of gas – representing technically recoverable oil and gas resources, which are those quantities of oil and gas producible using currently available technology and industry practices, regardless of economic or accessibility considerations.

A New Potential Unconventional Gas Play in Poland - Completion of Siciny-2 Well
San Leon, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, is pleased to announce that it has completed the drilling, initial evaluation, and has cased its Siciny-2 well in the SW Carboniferous Basin of Poland, which comprises of 880,000 acres held 100% by San Leon. The well is located in the company’s 100% operated Gora Concession 70km to the southeast of the city of Zielona Gora. The initial goal of collecting core and downhole geophysical data focused on understanding the unconventional gas potential of the Carboniferous section has been achieved. The Carboniferous is known to be the source rock for the significant gas production in the overlying Permian Rotliegendes formation in Poland.

Halliburton and PETRONAS Carigali Collaborate for the Evaluation and Development of Shale Resources
Halliburton (NYSE: HAL) and PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) have signed a Framework Agreement for the evaluation and development of global shale resources. The signing ceremony was held on Feb. 9, 2012, at the KL Convention Centre in Kuala Lumpur.

Povorotnoye Farm Out Agreements Signed
Transeuro Energy Corp. ("Transeuro" or the "Company") announces that the Company has signed final agreements (Framework Share Purchase Agreement and Management Agreement) with Honoratus Investments ("Honoratus") a Cyprus company established for the purpose of investing in the Ukraine E&P sector. As part of the transaction Honoratus has been acquired in full by Golden State Resources Ltd, (ASX:GDN), (www.goldenstate.com.au) who have assumed all funding and operating commitments of Honoratus under the farm-out. The main terms of the farm-out are:

Honeywell UOP’s Selected by Dow Chemical to Provide Technology for U.S. Petrochemical Facility
UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by The Dow Chemical Company to provide technology to produce propylene at a Dow production site in Texas.

Participation in the Eagle Ford Shale Oil and Gas Project
Marubeni Corporation (“Marubeni”) announced that Marubeni Eagle Ford Limited Partnership, a U.S. subsidiary of Marubeni, has entered into an agreement with Dallas based Hunt Oil Company (“Hunt”), one of the world’s largest privately-owned independent oil and gas companies, to acquire a 35% working interest in the Eagle Ford shale oil and gas play covering approximately 52,000 net acres of oil and gas leases located in Texas (the “Project”).

Devon Energy Announces $2.2 Billion Transaction on Five New Venture Plays
Devon Energy Corporation (NYSE:DVN) today announced it has signed an agreement with Sinopec International Petroleum Exploration & Production Corporation (SIPC) whereby SIPC will invest $2.2 billion in exchange for one-third of Devon’s interest in five new venture plays. Prior to this transaction, Devon had assembled 1.2 million net acres in the company’s previously announced positions in the Tuscaloosa Marine Shale, Niobrara, Mississippian, Ohio Utica Shale and the Michigan Basin. The companies have recently added acreage in the Ohio Utica Shale, increasing their joint position in the play to 235,000 net acres.

Total expands its position in the USA, entering the Utica Shale formation in Ohio
Total announces that its subsidiary, Total E&P USA, Inc.(“Total”), has signed and completed on December 30, 2011 an agreement to enter into a Joint Venture with Chesapeake Exploration, L.L.C.,a subsidiary of Chesapeake Energy Corporation (NYSE:CHK), (“Chesapeake”) and affiliates of its partner EnerVest Ltd.