Kinder Morgan Inc. (KMI) and El Paso Corp. have agreed to a friendly, $38 billion buyout of the latter that KMI CEO Richard D. Kinder said is largely predicated on the growing role of natural gas in North America’s energy supply picture, thanks in large part to production from shale gas plays around the continent.
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Kinder and El Paso Tie-Up: A ‘Once In a Lifetime’ Deal
Kinder Morgan Inc. (KMI) and El Paso Corp. have agreed to a friendly, $38 billion buyout of the latter to create North America’s largest pipeline company worth about $94 billion. The purchase price is $21.1 billion before the assumption of debt. The combined company would have 80,000 miles of pipelines and its feet firmly planted in both oil and natural gas.
Bentek: NGL Investment Cycle Today, Crude Oil Tomorrow
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis due to be finished in about three weeks.
NGL Investment Cycle Today, Crude Oil Tomorrow, Says Bentek
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis to be finished in about three weeks.
Pioneer Continues Liquids Focus for 2011
Pioneer Natural Resources Co. last year ramped up its activity in the Spraberry Field of West Texas and the Eagle Ford Shale of South Texas, both of which were drivers for growth in 2010.
Researcher: Small-Scale Gas Patch Power Generation Economics Work
Gas producers who’ve grown weary of low commodity prices might wish their molecules were electrons as the latter form of energy can fetch a better price. After having crunched the numbers at the behest and expense of a gas producer, a small engineering firm believes it can make economic sense to turn gas into power right in the producing field.
Researcher: Small-Scale Gas Patch Power Generation Economics Work
Gas producers who’ve grown weary of low commodity prices might wish their molecules were electrons as the latter form of energy can fetch a better price. After having crunched the numbers at the behest and expense of a gas producer, a small engineering firm believes it can make economic sense to turn gas into power right in the producing field.
NEB: U.S. Shale Pushed Down Canadian Gas Prices
The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).
NEB: U.S. Production Crimped Canadian Gas Prices
The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).
Shale Land Grab Is Over, Analyst Says
“The land grab of 2008 is over” in many of the major natural gas shale formations across the United States, said an energy analyst with New York-based Jeffries & Co. Inc. last week.