Energy Transfer Equity LP (ETE) brought Southern Union Co. (SUG) under the ETE banner on Monday, completing a mega merger that creates a midstream powerhouse with more than 44,000 miles of interstate natural gas pipelines and an estimated 30.7 Bcf/d of transportation capacity.
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New Oilfield Services Company Rolling Out LNG Trucks
A newly formed Texas company is buying liquefied natural gas (LNG)-fueled trucks and deploying them in the state’s oil and gas patch under the banner Green Energy Oilfield Services.
Former Petrohawk Chief to Buy Ram Energy
Former Petrohawk Energy Corp. CEO Floyd C. Wilson, under the banner of Halcon Resources LLC, is leading a charge to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.
Transportation Notes
Due to maintenance at Banner Compressor Station, Columbia Gulf will reduce total capacity at the Delhi (LA) Constraint Point to 1,983,000 Dth/d effective Friday until further notice.
Devon’s 2004 Earnings Increase 25%
Oklahoma City-based Devon Energy had a banner year in 2004, posting sharply higher earnings and showing solid reserves and production growth. The company’s net income was up 25% for the year to $2.2 billion ($4.38/share compared to estimates of $4.27) and net income in the fourth quarter rose 24% to $673 million ($1.35/share) compared to $543 million ($1.16/share) in 4Q2003.
EIA Reports Independent Producers Had Banner Year in 2003
Net income for 20 top independent oil and natural gas producers rose 89% in the fourth quarter of last year over the same period in 2002, and skyrocketed 397% for all of 2003 due to robust U.S. oil and gas prices, according to a report issued by the Energy Information Administration (EIA) Friday.
Top Gas Gorillas Show Phenomenal Volume Growth
Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
Top Gas Gorillas Show Strong Volume Growth
Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
Shell to Globalize Trading Activities
The Royal Dutch/Shell Group is planning to integrate itsworldwide trading activities under one banner in order to takeadvantage of energy trading opportunities. ‘Shell Trading’ will actas a singular worldwide network of Shell’s trading activities.
Shell to Globalize Trading Activities
The Royal Dutch/Shell Group is planning to integrate itsworldwide trading activities under one banner in order to takeadvantage of energy trading opportunities. ‘Shell Trading’ will actas a singular worldwide network of Shell’s trading activities.