North Bay Resources Inc. announce that it has acquired the Pine River Vanadium deposit in northeastern British Columbia. Vanadium is a strategic metal that is irreplaceable in a number of applications, including alternative energy storage, where its environmentally friendly attributes have led many to now refer to it as the “green” metal. Pine River Vanadium covers 1,810 acres and is located...
The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., announced that the Partnership has acquired the Eunice natural gas liquids (NGLs) processing plant and fractionation facility from Phillip Morris for approximately $42 million, which includes $18 million of assumed debt. Previously, Crosstex managed the plant and facility, which are located in south central Louisiana, under...
Enbridge Energy Partners, L.P. announced a non-binding Open Season for additional firm capacity on its Enbridge Pipelines (Midla), L.L.C. subsidiary’s interstate natural gas transmission ‘Midla’ pipeline system. The Midla system is a 170-mile, 22-inch diameter low-pressure pipeline spanning Louisiana and Mississippi from the Perryville Hub area at the north end of the system to the...
Atlas Pipeline Partners L.P. reported an update to its hedge positions for certain hydrocarbon volumes that it expects to generate in its Mid-Continent processing operations. Based on current natural gas liquid (NGL) production, given recently added ethane and propane puts for the second half 2008 and full year 2009 periods, the total value of NGLs hedged is now approximately 61% for second half 2008...
Enbridge Inc. and BP Pipelines Inc. announced they have entered into an agreement to develop a new delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas, using a combination of existing facilities and new pipeline construction where required. The new delivery system is expected to be in service by late 2012 with an initial total system capacity...
TECO Energy announced the formation of a new subsidiary, SeaCoast Gas Transmission, LLC, to develop and own a high-volume Florida intrastate natural gas transmission pipeline. Natural gas continues to play a major role in serving the incremental energy needs in the State of Florida, and this new subsidiary provides TECO Energy with an opportunity to participate in a business line that compliments its...
Quest Energy Partners, L.P is scheduled to announced a quarterly cash distribution for the second quarter of 2008 of $0.43 per unit for all of its outstanding units. On an annualized basis, the distribution represents an $0.08 per unit, or approximately 5%, increase over the distribution paid for the first quarter of 2008. The distribution will be payable on August 14, 2008 to unitholders of record...
Gastar Exploration Ltd together with its joint venture partner Eastern Star Gas Limited have recently published a report saying that the two companies have entered into a Heads of Agreement (“HoA”) with the APA Group (“APA”), owner of the Central West and Moomba Sydney Gas Pipelines. Under the HoA, options for early delivery of coal seam gas from PEL 238 into the New South Wales (“NSW”)...
Atlas Pipeline Holdings, L.P as it is known as an oil and gas mining and exploration company which owns the general partner interest and approximately 5.75 million common limited partner units in Atlas Pipeline Partners, L.P. (“APL”), reported today that it has declared a record quarterly cash distribution for the second quarter 2008 of $0.51 per common limited partner unit. This $0.51 per common...
Atlas Pipeline Partners, L.P and Atlas Pipeline Holdings, L.P the two mining companies that own the general partner interest and 5.5 million common units of Atlas Pipeline Partners, announced today that they will release their second quarter 2008 results after market hours on Thursday, July 31, 2008, and invites investors and other interested parties to listen to the live webcast of Atlas Pipeline...