Owner

Williams Venting Leaky Salt Cavern

Depressurization of a leaking salt cavern gas storage cavern in Eminence, MS, was expected to continue through the weekend, said a spokesman for Williams, owner of the seven-cavern facility.

January 3, 2011

Mississippi Storage Facility Changing Hands

PAA Natural Gas Storage LP (PNG) has agreed to acquire SG Resources Mississippi LLC, owner of the Southern Pines Energy Center gas storage facility, for $750 million.

December 30, 2010

El Paso Partnership Ups Stakes in Pipeline, LNG Companies

El Paso Pipeline Partners LP (EPP) agreed last week to pay El Paso Corp. $1.13 billion to become full owner of two liquefied natural gas (LNG) companies and take over a 60% stake in Southern Natural Gas Co. (SNG).

November 22, 2010

El Paso Drops Down Stakes in Pipeline, LNG Companies

El Paso Pipeline Partners LP (EPP) agreed Monday to become 100% owner of El Paso Corp.’s two liquefied natural gas (LNG) companies and become a 60% partner in Southern Natural Gas Co. (SNG), in a $1.13 billion transaction.

November 16, 2010

Inergy Seeks to Scoop Up Tres Palacios Storage for $725M

Kansas City, MO-based Inergy LP announced Tuesday that subsidiary Inergy Midstream has agreed to buy Tres Palacios Gas Storage LLC, owner of the Tres Palacios natural gas storage facility in Matagorda County, TX, from NGS Energy LP for $725 million plus reimbursement of certain capital expenditures and subject to customary net working capital adjustments.

September 8, 2010

Lawsuit Attempts to Shut Baja LNG Plant, Alleges Fraud

A former owner of 250 acres adjacent to Sempra Energy’s liquefied natural gas (LNG) receiving terminal along the Pacific Coast in North Baja California, Mexico came out swinging Tuesday following a favorable Mexican federal district court decision last Thursday that ordered the Energia Costa Azul facility to be shut down, pending further legal proceedings.

June 23, 2010

Industry Briefs

Dallas-based Energy Transfer Equity LP (ETE), the owner of the general partner of Energy Transfer Partners LP (ETP), agreed to acquire the general partner of Regency Energy Partners LP for close to $300 million. ETE would use preferred units to acquire the full stake in Regency’s general partner from an affiliate of GE Energy Financial Services, a unit of General Electric. Under the terms of the transaction agreements, ETP is to transfer a 49.9% interest in Midcontinent Express Pipeline LLC (MEP) to ETE in exchange for the redemption of 12.3 million ETP units. ETE then would exchange the interest in MEP with Regency for 26.3 million new Regency common units. Once completed, ETE would own about 22% of Regency’s outstanding common units and 28% of ETP’s outstanding common units. Kinder Morgan Energy Partners would retain its half stake in MEP.

May 17, 2010

Energy Transfer to Acquire Regency Energy Partners for $300M

Dallas-based Energy Transfer Equity LP (ETE), the owner of the general partner of Energy Transfer Partners LP (ETP), Tuesday agreed to acquire the general partner of Regency Energy Partners LP for close to $300 million.

May 12, 2010

Tom Hicks Takes Swing at E&P in Resolute Energy Deal

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced last week, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

August 10, 2009

Tom Hicks Takes Swing at E&P in Resolute Energy Deal

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

August 4, 2009