Late Friday El Paso Corp. announced that it entered into a definitive agreement to sell its exploration and production (E&P) unit, EP Energy Corp., for close to $7.15 billion to affiliates of Apollo Global Management LLC and Riverstone Holdings LLC, as well as Access Industries Inc. and other parties.
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El Paso E&P Sold for $7.15B to Private Equity Group
Late Friday El Paso Corp. announced that it entered into a definitive agreement to sell its exploration and production (E&P) unit, EP Energy Corp., for close to $7.15 billion to affiliates of Apollo Global Management LLC and Riverstone Holdings LLC, as well as Access Industries Inc. and other parties.
Crosstex Expands NGL Pipeline Extension
The Crosstex Energy companies have upsized their Cajun-Sibon natural gas liquids (NGL) Louisiana-Texas pipeline extension project and plan to have it in service during the first half of 2013, Crosstex Energy LP and Crosstex Energy Inc. said Wednesday.
‘Energy Bonanza’ Requires Policy Overhaul, Says ConocoPhillips Chief
ConocoPhillips CEO Jim Mulva said Wednesday shale natural gas, tight oil and oilsands no longer are the “pie-in-the-sky future sources” that they were when he entered the energy workforce 38 years ago. Unconventional resources have changed North America’s energy security and thus the rules also need to be changed, he said.
Victory Completes Prospect Well in New Mexico
Victory Energy Corp. said Thursday a carbonite formation well in southeastern New Mexico it holds an interest in has been successfully re-entered, five years after being plugged, and is now completed, fracked and producing oil and natural gas.
Haynesville Extension Opens, Expands Market Access
Enterprise Products Partners LP’s $1.5 billion, 270-mile Acadian Haynesville Extension pipeline has entered service, linking producers in the Haynesville/Bossier shale play with new markets.
Haynesville Extension Opens, Offers Perryville Hub Bypass
Enterprise Products Partners LP’s $1.5 billion, 270-mile Acadian Haynesville Extension pipeline has entered service, linking producers in the Haynesville/Bossier shale play with new markets.
Enterprise Turns Key on Fifth Mont Belvieu Fractionator
The fifth natural gas liquids (NGL) fractionator at Enterprise Products Partners LP’s Mont Belvieu, TX, complex has entered operation, producing 75,000 b/d, exceeding its nameplate capacity, the company said Tuesday. Work on a sixth unit is under way as Enterprise continues to tout the bullish outlook for U.S. ethane production and its benefits for the petrochemical industry.
FERC: More Gas Pipelines in Service This Year
The total of pipeline mileage and transportation capacity that has gone into service this year is significantly more than what entered operation during the first eight months of 2010, according to statistics compiled by FERC’s Office of Energy Projects (OEP).
FERC: More Gas Pipelines Placed in Service This Year
The total of pipeline mileage and transportation capacity that has gone into service this year is significantly more than what entered operation during the first eight months of 2010, according to statistics compiled by FERC’s Office of Energy Projects (OEP).