ArcLight Capital Partners LLC has committed $100 million of equity to form Lightning Gas LLC in partnership with CDX Gas LLC, Dallas. The funding is expected to support more than $500 million of new investments in coalbed methane and other nonconventional gas projects in the U.S. and Canada, using CDX's patented horizontal drilling and completion technology. CDX says its technology can extract gas from a 1,200-acre area using a single well site, enabling completion of projects in one-third the time normally used. ArcLight manages the $950-million ArcLight Energy Partners Fund I LP, which was established to invest in the energy industry. -Petroleum Finance Week
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