El Paso Energy Partners L.P. (EPN) announced last Wednesday that it executed a letter of intent to purchase the Chaco cryogenic natural gas processing plant in northern New Mexico’s San Juan Basin, entered into a 20-year, fixed-rate tolling agreement to process gas for El Paso Field Services, and has agreed to buy El Paso Corp.’s 50% interest in a joint venture that owns gas pipeline and gathering systems in the Gulf of Mexico. The value of the transaction was estimated at $284 million.
284M
Articles from 284M
El Paso Energy Partners to Buy Midstream Assets for $284M
El Paso Energy Partners L.P. (EPN) announced Wednesday that it has executed a letter of intent to purchase the Chaco cryogenic natural gas processing plant in northern New Mexico’s San Juan Basin, entered into a 20-year, fixed-rate tolling agreement to process gas for El Paso Field Services, and has agreed to buy El Paso Corp.’s 50% interest in a joint venture that owns gas pipeline and gathering systems in the Gulf of Mexico. The value of the transactions was estimated at $284 million.
October 4, 2001
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
