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Major spill from the ExxonMobil Pegasus pipeline in Arkansas

Green Car Congress

A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Approximately 100 ExxonMobil employees are responding to the incident in addition to federal, state, and local resources.

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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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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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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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San Juan River-Raton-Black Mesa Basin (Arizona, Colorado and New Mexico): New Mexico Institute of Mining and Technology plans to determine the rare earth elements and critical minerals resource potential in coal and related stratigraphic units in the San Juan and Raton basins in New Mexico. DOE Funding: $1,499,999. DOE Funding: $1,483,787.

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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.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

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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.

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