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.
Intent
Articles from Intent
Williston Plans New Powder River Basin Pipeline
Williston Basin Interstate Pipeline Co. announced Thursday its intent to file for federal approval to construct 245 miles of 16-inch natural gas pipeline spanning sections of Wyoming, Montana and North Dakota, tapping the rapidly developing Powder River Basin.
September 28, 2001
El Paso, Phillips to Deal LNG on West Coast
Houston-based El Paso Corp. signed a letter of intent this weekto purchase liquefied natural gas from a new Australian LNGproduction facility to be built by Phillips Petroleum Co., whichwould provide up to 4.8 million tons of LNG beginning in 2005 forNorth American markets. El Paso and Phillips expect to complete adefinitive agreement on the deal by mid-year.
August 23, 2001
Hebert Signals Intent to Leave FERC; Madden Departs
Ending months of speculation, FERC Chairman Curt Hebert Jr. has informed the White House that he will step down from the Commission at the end of August. At the same time FERC General Counsel Kevin Madden, who has long had a hand in directing Commission activities, will also leave to take a position with AGL Resources in Atlanta.
August 13, 2001
Hebert Signals Intent to Leave FERC
Ending months of speculation, FERC Chairman Curt Hebert Jr. informed the White House late last week that he will step down from the Commission at the end of August.
August 7, 2001
New Pipeline Services Line Up to Serve Southeast
Pipeline construction season has officially begun as two natural gas pipeline companies formally announced on Tuesday their new proposed projects for the Southeastern region’s gas needs. As Southern Natural Gas Co. unveiled its intentions to expand its Sonat system for the third time in the last year to supply incremental demand in Alabama, Georgia and South Carolina, Duke Energy Gas Transmission (DEGT) launched a month-long open season to determine market interest in a new natural gas supply and transportation option called the Alabama-Georgia Energy System.
May 2, 2001
El Paso, Phillips to Deal LNG on West Coast
Houston-based El Paso Corp. signed a letter of intent last week to purchase liquefied natural gas from a new Australian LNG production facility to be built by Phillips Petroleum Co., which would provide up to 4.8 million tons of LNG beginning in 2005 for North American markets. El Paso and Phillips expect to complete a definitive agreement on the deal by mid-year.
March 12, 2001
Vastar To Sell 40% Stake in SCEM to Partner
In a non-binding letter of intent signed last Thursday,Houston-based Vastar Resources agreed to sell its 40% stake inSouthern Company Energy Marketing to its partner, Atlanta-basedSouthern Energy for $40 million. Southern Energy is a subsidiary ofSouthern Co.
August 21, 2000
Vastar To Sell 40% Stake in SCEM to Partner
In a non-binding letter of intent signed last Thursday, Houston-based Vastar Resources agreed to sell its 40% stake in Southern Company Energy Marketing to its partner, Atlanta-based Southern Energy, for $40 million. Southern Energy is a subsidiary of Southern Co.
August 21, 2000
Peoples, Enron Plan Generation for Chicago
Having made a partnership with the intent of serving the Chicagogas market late last year, Peoples Energy Corp. and Enron’s EnronNorth America Corp. (ENA) moved their attention to the Chicagopower generation market yesterday by announcing a commitment tojointly develop a portfolio of at least 800 MW.
April 7, 2000
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