Phoenix

Newly Hatched Phoenix Natural Resources Initially to Target Eagle Ford for Acquisitions

Houston-based Phoenix Natural Resources LLC, created by former top executives from Chief Oil & Gas LLC and Hilcorp Energy Co., has secured a $250 million equity commitment from Kayne Anderson Energy Funds to develop natural gas and oil assets in North America.

April 11, 2016

Newly Hatched Phoenix Natural Resources Initially to Target Eagle Ford for Acquisitions

Houston-based Phoenix Natural Resources LLC, created by former top executives from Chief Oil & Gas LLC and Hilcorp Energy Co., has secured a $250 million equity commitment from Kayne Anderson Energy Funds to develop natural gas and oil assets in North America.

April 11, 2016

Industry Brief

Sempra Energy’s U.S. power and gas unit has agreed to sell half of its natural gas-fired 1,250 MW Mesquite Power Plant in Arizona to Phoenix-based Salt River Project (SRP) for $371 million. The agreement, which also includes a half-interest in infrastructure shared by the two 625 MW units at Mesquite, requires approval by the Federal Energy Regulatory Commission and other agencies. San Diego-based Sempra said it expects all the approvals will be received in the first quarter. SRP’s board earlier this year approved its acquisition of a 100% interest in one of Mesquite’s 625 MW units. Sempra U.S. Gas and Power CEO Jeffrey Martin said the sale helps Sempra fulfill its goal of “reducing exposure to the merchant power market, while also allowing us to put greater emphasis on growing our Southeast natural gas portfolio.”

December 27, 2012

Landfill Gas Generator Moves to Expand NGV Use

Phoenix, AZ-based solid waste operator Republic Services Inc. has signed a deal with a unit of California-based Clean Fuels Energy Corp. to take some of the renewable natural gas produced at a Tennessee landfill and use it as vehicle fuel in Republic’s expanding natural gas-powered fleet.

August 28, 2012

Utica Shale Revives Youngstown, OH’s Flagship Steel Plant

Youngstown, OH, long a Rust Belt poster child, now is watching the phoenix-like revival of its flagship steel plant, Youngstown Iron Sheet & Tube, thanks to the Utica and Marcellus shales. The 100-year old plant, once one of largest in the world before it foundered in the 1970s collapse of the nation’s steel industry, will be making steel pipe to serve the state’s burgeoning shale gas and oil development.

January 12, 2012

Utica Shale Revives Youngstown, OH’s Flagship Steel Plant

Youngstown, OH, long a Rust Belt poster child, now is watching the phoenix-like revival of its flagship steel plant, Youngstown Iron Sheet & Tube, thanks to the Utica and Marcellus shales. The 100-year old plant, once one of largest in the world before it foundered in the 1970s collapse of the nation’s steel industry, will be making steel pipe to serve the state’s burgeoning shale gas and oil development.

January 12, 2012

Industry Brief

Eagle Rock Energy Partners LP said it plans to expand its cryogenic Phoenix gas processing plant in Hemphill County, TX, by an incremental 30 MMcf/d. Once the expansion is completed, capacity will be 80 MMcf/d. The expansion, coupled with expansions of related gathering systems, will increase Eagle Rock’s processing and gathering capacity and accommodate volume growth from the Granite Wash play. The projects are intended to complement the partnership’s recent acquisition of CenterPoint Energy assets (see Daily GPI, Oct. 5, 2010), which extended its reach into Hemphill and Wheeler Counties on its East Panhandle System. The projects are expected to be completed during the fourth quarter at a cost of about $20 million.

April 29, 2011

Correction

In a story Monday on Transwestern Pipeline’s Phoenix Expansion, NGI incorrectly reported Transwestern Pipeline as being a subsidiary of Southern Union Co. (see Daily GPI, Sept. 24). Transwestern Pipeline is owned by Dallas-based Energy Transfer Partners LP. In December of last year, Southern Union Co. completed a transaction that increased its ownership interest in Florida Gas Transmission and resulted in the transfer of its ownership position in Transwestern Pipeline to Energy Transfer Partners LP (see Daily GPI, Dec. 4, 2006). NGI regrets the error.

September 25, 2007

Fast Growing Arizona Could Get New Large Southwestern Pipeline

Phoenix-based Pacific Texas Pipeline Corp. is rapidly moving toward a FERC certificate filing in the second quarter for its proposed $1 billion, 800-mile Picacho Pipeline system, which would extend from the Permian Basin in Texas to rapidly growing power generation, industrial and local utility markets in Arizona.

January 27, 2003

Fast Growing Arizona Could Get New Large Southwestern Pipeline

Phoenix-based Pacific Texas Pipeline Corp. is rapidly moving toward a FERC certificate filing in the second quarter for its proposed $1 billion, 800-mile Picacho Pipeline system, which would extend from the Permian Basin in Texas to rapidly growing power generation, industrial and local utility markets in Arizona.

January 22, 2003
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