DCP Midstream Partners LP has completed the acquisition of an additional 25.1% ownership interest in DCP East Texas Holdings LLC from the owner of its general partner, DCP Midstream. Through the transaction — which was financed through the issuance of partnership units to DCP Midstream, the partnership now owns 50.1% of the East Texas joint venture, with DCP Midstream owning the remaining interest.
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The New Mexico Public Regulation Commission (PRC) elected Sandy Jones chairman and David King vice chairman. A road construction business founder and owner from the southwestern part of the state, Jones joined the PRC Jan. 1, 2007. Jones said he wants to help small businesses “thrive,” which he claims will create jobs and allow the state to retain more of its young citizens. King is a third generation New Mexican from the family that operates the King Ranch in South Texas. King is a veteran of local, state and federal government positions and has served three previous governors in New Mexico.
U.S. Market Offers Opportunities to New Commerce Energy Owner
The new owner of Commerce Energy, Toronto-based Universal Energy Group (UEG), is bullish on competitive retail energy in California and other states in which Commerce continues to operate, according to UEG’s Shawn Dym, senior vice president for business development. UEG plans to continue operating under the Commerce name in the United States.
U.S. Market Offers Opportunities to New Commerce Energy Owner
The new owner of Commerce Energy, Toronto-based Universal Energy Group (UEG), is bullish on competitive retail energy in California and other states in which Commerce continues to operate, according to UEG’s Shawn Dym, senior vice president for business development. UEG plans to continue operating under the Commerce name in the United States.
Freebird Owner Buying Caledonia Gas Storage
Enstor Inc., a unit of Spain’s Iberdrola SA, is buying Caledonia Energy Partners LLC (CEP), owner of the Caledonia Gas Storage Field in northeastern Mississippi, from Tenaska Power Fund LP (TPF) and other owners, the companies said Monday.
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Dan L. Duncan, founder and majority owner of Enterprise Products Partners LP, and his wife, Jan, are donating $35 million to the University of Texas M.D. Anderson Cancer Center in Houston. The donation is the second largest in M.D. Anderson’s history; in 2007 Texas oilman T. Boone Pickens donated $50 million. With the Duncans’ gift, which will be allotted over 10 years, M.D. Anderson plans to establish the Duncan Family Institute for Cancer Prevention and Risk Assessment. Duncan is a prostate cancer survivor, and his father died of leukemia. Duncan’s his first wife died of breast cancer and his second died of ovarian cancer. The Duncans in 2006 donated $100 million to the Baylor College of Medicine for its cancer center in Houston, which was renamed the Dan L. Duncan Cancer Center. Duncan is considered Houston’s wealthiest resident. He has a net worth of $7.9 billion and was ranked 117th on Forbes Magazine’s 2008 list of the world’s richest people.
Operations Resume at Enterprise’s Pioneer Processing Plant
Operations at the Pioneer cryogenic gas processing facility in Lincoln County, WY, resumed on Thursday following completion of repairs, according to owner Enterprise Products Partners LP.
ExxonMobil Says It Would Take Share in TransCanada Gasline
ExxonMobil Corp., the largest holder of Alaska North Slope gas reserves, has reportedly told the state it “plans to be a co-owner” in a pipeline to commercialize those reserves to the extent of its share of the system’s throughput.
ExxonMobil Says It Would Take Share in TransCanada Gasline
ExxonMobil Corp., the largest holder of Alaska North Slope gas reserves, has reportedly told the state it “plans to be a co-owner” in a pipeline to commercialize those reserves to the extent of its share of the system’s throughput.
Inergy Buying Steuben Storage, Expanding Other Facilities
Inergy LP has agreed to purchase the membership interests of Arlington Storage Co. LLC (ASC), the majority owner and operator of Steuben Gas Storage Co., which owns a storage facility in Steuben County, NY.