Buys

Apache Corp. said Tuesday it has acquired producing properties in South Louisiana valued at $260 million from an undisclosed private company, a move it predicts will boost its domestic natural gas production by more than 10%.

Questar is buying CIG Overthrust Inc.’s 10% interest in the Overthrust Pipeline for $1.8 million, giving two Questar affiliates a combined 100% ownership interest in the pipeline partnership, which owns an 88-mile, 36-inch-diameter pipeline that transports about 227 MMcf/d of gas from the Whitney Canyon area north of Evanston, WY, to Rock Springs, WY.

After retreating from war-torn Sudan earlier in the week by selling its stake in Sudan’s major oil project to India’s national oil company for C$1.2 billion ($760 million), Canada’s No. 2 producer, Talisman Energy, said Friday it is buying the assets of Fairman Drilling Co., FDC Venture 15 LP, East Resources Inc. and ABARTA Oil & Gas Co. Inc. for US$58.6 million. The purchase is being made through Talisman subsidiary Fortuna Energy Inc.

El Paso Corp. has sold its rights to a 17-year supply (2.4 billion cubic meters or 1.8 million tons per year) of Norwegian liquefied natural gas (LNG) and about one-third of the import capacity at the Cove Point, MD LNG terminal to Statoil for $210 million.

El Paso Corp. has sold its rights to a 17-year supply (2.4 billion cubic meters or 1.8 million tons per year) of Norwegian liquefied natural gas (LNG) and about one-third of the import capacity at the Cove Point, MD LNG terminal to Statoil for $210 million.

Buoyed largely by “significant asset acquisitions” completed during the past year, Houston-based El Paso Energy Partners LP reported last week a 77% jump in net income for the third quarter over a year ago. The company said approximately $2.2 million, or five cents per unit, had been shaved from its quarterly earnings due to disruptions caused by Hurricane Isadore and a loss associated with a natural gas hedging transaction.

Buoyed largely by “significant asset acquisitions” completed during the past year, Houston-based El Paso Energy Partners LP reported Monday a 77% jump in net income for the third quarter over a year ago. The company said approximately $2.2 million, or five cents per unit, had been shaved from its quarterly earnings due to disruptions caused by Hurricane Isadore and a loss associated with a natural gas hedging transaction.

Kinder Morgan Energy Partners LP (KMP) late Thursday announced three more expansions to its growing terminals business, with a $36 million investment to purchase two terminal facilities located along the Mississippi and Ohio Rivers, as well as a long-term contract to build additional storage capacity at KMP’s liquids terminal in New York Harbor.

Kinder Morgan Energy Partners LP (KMP) late Thursday announced three more expansions to its growing terminals business, with a $36 million investment to purchase two terminal facilities located along the Mississippi and Ohio Rivers, as well as a long-term contract to build additional storage capacity at KMP’s liquids terminal in New York Harbor.