Miscellaneous Energy Links -- Chesapeake Selling Its Remaining Midstream Assets to ACMP and WMB; Cryogenic Plant Planned ForThe Eagle Ford

ACMP to acquire a substantial majority of Chesapeake Energy's remaining midstream assets ("CMD") for $2 billion (numbers rounded). Williams Companies (WMB) will partner with ACMP GP, "enhancing sponsorship. The link was sent by a reader, "anon 1." CMD's areas of operation: Marcellus, Haynesville, Eagle Ford. ACMP is, by far, the largest G&P MLP measured by volume and invested capital. See link (another PDF). Also, this press release also sent by "anon 1," another PDF file.

Elsewhere -- 

A natural gas cryogenic plant is planned for the Eagle Ford: 200 million cubic feet per day. Déjà vu all over again.

And "more elsewhere":

United Kingdom setting up "unconventional oil and gas office." Something tells me the London Array, the world's largest off-shore wind farm may not be as robust as promised.

***********************

 Now, politics

Nothing to do with the Bakken, or energy

For personal archives only

This is incredible:   

• Dems Ask for Delay to Obamacare Med Device Tax They Voted for in the First Place 
• Medical Device Tax is just one of 20 Obamacare Taxes.  

I can't make this stuff up.

In a letter to Majority Leader Harry Reid, 18 Democrat senators and senators-elect have asked for “a delay in the implementation” of the Obamacare medical device tax. Like most of the significant tax increases in Obamacare, the medical device tax is scheduled to take effect on Jan. 1, 2013, conveniently after the 2012 presidential election. Each of the 18 Democrat signatories voted for or supported Obamacare in the first place. And now they want a sweetheart exemption from one of its most onerous provisions. Even in Washington DC, that shows a lot of gall. 

I can't wait to watch this play out.  The medical device tax is minimal. Nothing compared to the 55% tax on farm family estates. A lot of family farms are going to be sold to corporate farmers. Iowa, a farm state voted, in a landslide, for Obama. What were they thinking?

Cue up Connie Francis.

************************

And more: I was taken to task some weeks ago when I posted that French multi-millionaires were fleeing their country due to threats of highest tax rate -- in the world? -- at 75%. Right, wrong, or indifferent,

France's prime minister has slammed wealthy citizens fleeing the country's punitive tax on high incomes as greedy profiteers seeking to "become even richer."

France's Socialist President Francois Hollande, who famously once declared "I don't like the rich," has pledged to tax annual income of more than one million euros per year at 75 percent.

I'm Going Slightly Mad, Queen