Footprint

Up to 30 Gulf of Mexico (GOM) jack-up rigs will have been moved to international waters between late 2005 and early 2007 — a 25% capacity reduction in the GOM fleet in just over a year’s time — which will lead to domestic producers paying more and using more fixed contracts to tap into their reserves, Raymond James energy analysts noted in the latest “Stat of the Week.”

Midstream operator Regency Energy Partners LP expanded its footprint in South and East Texas last week with the purchase of San Antonio-based TexStar Field Services LP for $350 million. The TexStar system adds 1,476 miles of gas gathering pipelines, more than 36,800 horsepower of compression and four processing and treating facilities to Regency’s growing asset base.

Midstream operator Regency Energy Partners LP expanded its footprint in South and East Texas Thursday with the purchase of San Antonio-based TexStar Field Services LP for $350 million. The TexStar System adds 1,476 miles of gas gathering pipelines, more than 36,800 horsepower of compression and four processing and treating facilities to Regency’s growing asset base.

An engineering review has shaved about 4% off forecast costs of the proposed Mackenzie Valley Pipeline and reduced its environmental footprint, the sponsors have told Canada’s National Energy Board.

Expanding its natural gas gathering and processing footprint in the U.S. Midcontinent and Gulf Coast, Houston-based Enbridge Energy Partners LP (EEP) said Wednesday that it has completed its previously announced $247 million acquisition of gathering and processing assets in North Texas from Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners.

Increasing its natural gas gathering and processing footprint in the rapidly growing Fort Worth Basin, Houston-based Enbridge Energy Partners LP (EEP) signed a $247 million purchase agreement with Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners, for about 2,000 miles of gathering lines and five active processing facilities in North Texas.

Increasing its natural gas gathering and processing footprint in the U.S. Midcontinent and Gulf Coast, Houston-based Enbridge Energy Partners LP (EEP) has signed a definitive purchase agreement to acquire gathering and processing assets in North Texas from Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners.

Appalachian gas processing company MarkWest Energy Partners LP (MWE) plans to make a footprint in the Southwest region by purchasing Pinnacle Natural Gas Co. and affiliates from Energy Spectrum Partners LP for about $38 million. The deal gives MarkWest three Texas natural gas pipelines, transporting about 1.1 Bcf/d to several power plants, and 18 gas gathering systems, gathering about 44 MMcf/d. The transaction is expected to close March 28.

Appalachian gas processing company MarkWest Energy Partners LP (MWE) plans to make a footprint in the Southwest region by purchasing Pinnacle Natural Gas Co. and affiliates from Energy Spectrum Partners LP for about $38 million. The deal gives MarkWest three Texas natural gas pipelines, transporting about 1.1 Bcf/d to several power plants, and 18 gas gathering systems, gathering about 44 MMcf/d. The transaction is expected to close March 28.