El Paso Corporation, RWE Dea AG Enter Into Joint Exploration in Egypt
El Paso Corporation announced that its Egyptian subsidiary, El Paso Egypt Exploration & Production Company, and RWE Dea AG (RWE Dea) have executed an agreement to exchange interests in adjoining onshore concessions in Egypt. The assignments have been approved by Egyptian authorities. Prior to the exchange, El Paso held a 100 percent interest in the South Mariut Block in the Western Desert area...
El Paso Corporation Announces Tot Discovery
El Paso Corporation announced that the Tot exploration well, 1-ESS-185D, located in the ES-5 block offshore Brazil, is a discovery. Through its Brazilian E&P subsidiary, El Paso has a 35 percent working interest in the Petrobras-operated well. The well is located 30 kilometers offshore in 61 meters of water, and was drilled to a total vertical depth of 4,521 meters. Preliminary evaluation of logs...
Ruby Pipeline Shipper Receives Favorable California Regulatory Decision
El Paso Corporation announced the California Public Utilities Commission (CPUC) has given final approval to Pacific Gas and Electric Company (PG&E) to proceed with an agreement announced last year to obtain 375,000 dekatherms per day of capacity on the Ruby Pipeline for the delivery of natural gas to PG&E’s gas and electric customers. The unanimous CPUC approval of this important “anchor”...
Enbridge Energy Partners Plans Non-Binding Open Season for Firm Capacity on Midla Interstate Natural Gas Pipeline System
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 Energy Resources’ Production of Natural Gas from Marcellus Shale Wells Exceeds 4 Bcf
Atlas Energy Resources, LLC announced that it has completed the drilling of 98 wells to the Marcellus Shale formation, of which 90 wells, some of which have been online for two years, currently have normalized production approaching 25 million cubic feet (“Mmcf”) per day into a pipeline. The remaining 8 wells will be turned into line by the end of year. The aggregate production from these wells...
Kinder Morgan Energy Partners and Energy Transfer Partners Announce Customer Commitments for New Pipeline Project
Kinder Morgan Energy Partners, L.P. and Energy Transfer Partners, L.P. announced the two companies have entered into a 50/50 joint venture, Fayetteville Express Pipeline, LLC (FEP), to develop a new pipeline. The approximately 187-mile pipeline will originate in Conway County, Ark., continue eastward through White County, Ark., and terminate at an interconnect with Trunkline Gas Company in Quitman...
Atlas Pipeline Partners, L.P. Reports Update to its Hedge Positions
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...
ONEOK Partners Announces D-J Basin Lateral Pipeline Project
ONEOK Partners, L.P. announced plans to build a $70 million to $80 million natural gas liquids pipeline lateral, connecting the Denver-Julesburg Basin in northeastern Colorado with the Overland Pass Pipeline that is currently being constructed. The 125-mile D-J Basin Lateral Pipeline is designed to transport as much as 55,000 barrels per day of raw natural gas liquids from the D-J Basin to the 760-mile...
Northern Border Pipeline Company Announces Sale of Bison Pipeline LLC
Northern Border Pipeline Company, along with its owners, TC Pipelines, LP and ONEOK Partners, L.P., announced the sale of its wholly owned subsidiary, Bison Pipeline LLC, to TransCanada Pipeline USA Ltd.. The assets of Bison Pipeline LLC include executed precedent agreements, as well as regulatory, environmental and engineering activities completed to date on the Bison Pipeline Project (Bison Project)....
Enterprise Announces Agreements and Pipeline Expansion in Barnett Shale Area of North Texas
Enterprise Products Partners L.P. announced that its affiliates have signed new long-term agreements with major producers in the Barnett Shale region that will utilize approximately 900 million cubic feet per day of capacity on the partnership’s 1.1 billion cubic feet per day (“Bcfd”) Sherman Extension natural gas pipeline. The partnership also announced that it will construct a pipeline that...
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