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Lockman, do you see this going anywhere? No pr's have come out, volume has dropped off like a rock but it seems to have a resistance here
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I'm holding too, I was traveling three weeks ago when it had its run, so I missed the opportunity to make some lare gains. Volume is ridiculously low but I'm interested to see how the next three weeks play out with this one.
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Frontier Energy lands capital commitments Two equity firms back the Tulsa-based midstream company.
By ROD WALTON World Staff Writer Published: 8/18/2009 2:23 AM Last Modified: 8/18/2009 6:48 AM
Two equity firms Monday announced they are committing at least $250 million to a joint venture with Frontier Energy Services LLC, a Tulsa-based midstream natural gas company.
The joint venture will be called Frontier Gas Services LLC. Tenaska Capital Management LLC and Energy Spectrum Partners V LP will own a majority interest, but Frontier Energy Services will operate the assets in natural gas gathering, storage and transportation.
"It means we'll be able to grow this thing a lot bigger than we anticipated," Frontier CEO Dave Presley said. "We think the opportunities will be there."
Presley partnered with funding from Energy Spectrum Partners to form Frontier Energy Services in 2002. He sold the company's first line of assets in 2004 for $134 million, according to the company's Web site.
Presley has a long career in starting, building up and selling midstream energy firms. His first startup was Colony Energy Corp., founded in 1982 and sold to a gas utility company four years later.
Altogether, Presley and his team have guided operations of 1.3 billion cubic feet per day of natural gas gathering and processing and about 4,000 miles of pipelines, Frontier's Web site says.
He noted that many assets are available while natural gas prices stay low.
"We all know that gas prices are down right now," Presley said. "That's just a short-term dilemma, and we're preparing for the growth."
Frontier Energy Services employs about nine people in Tulsa. Field operations currently are in Texas and Arkansas, but the company also expects to focus on projects in the Rocky Mountains and in unconventional shale plays.
quote:Originally posted by brokes: Frontier Energy lands capital commitments Two equity firms back the Tulsa-based midstream company.
By ROD WALTON World Staff Writer Published: 8/18/2009 2:23 AM Last Modified: 8/18/2009 6:48 AM
Two equity firms Monday announced they are committing at least $250 million to a joint venture with Frontier Energy Services LLC, a Tulsa-based midstream natural gas company.
The joint venture will be called Frontier Gas Services LLC. Tenaska Capital Management LLC and Energy Spectrum Partners V LP will own a majority interest, but Frontier Energy Services will operate the assets in natural gas gathering, storage and transportation.
"It means we'll be able to grow this thing a lot bigger than we anticipated," Frontier CEO Dave Presley said. "We think the opportunities will be there."
Presley partnered with funding from Energy Spectrum Partners to form Frontier Energy Services in 2002. He sold the company's first line of assets in 2004 for $134 million, according to the company's Web site.
Presley has a long career in starting, building up and selling midstream energy firms. His first startup was Colony Energy Corp., founded in 1982 and sold to a gas utility company four years later.
Altogether, Presley and his team have guided operations of 1.3 billion cubic feet per day of natural gas gathering and processing and about 4,000 miles of pipelines, Frontier's Web site says.
He noted that many assets are available while natural gas prices stay low.
"We all know that gas prices are down right now," Presley said. "That's just a short-term dilemma, and we're preparing for the growth."
Frontier Energy Services employs about nine people in Tulsa. Field operations currently are in Texas and Arkansas, but the company also expects to focus on projects in the Rocky Mountains and in unconventional shale plays.
I don't think this is the same company.
-------------------- Let's Go METS!!!
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