Tallgrass Pony Express Pipeline LLC is proposing to more than double the capacity of its crude oil pipeline system by expanding into several areas of Colorado and Wyoming, including the Denver-Julesburg (DJ) Basin, the Niobrara and Codell formations, the Bakken Shale and the Powder River Basin.
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Reliance Builds Marcellus Leasehold
India’s Reliance Industries Ltd. last week agreed to pony up close to $392 million in cash to buy into its third joint venture (JV) in a U.S. shale play this year, this time with Carrizo Oil & Gas Inc.
Reliance Pays Cash to Partner in Third Shale Play
India’s Reliance Industries Ltd. agreed to pony up close to $392 million in cash to buy into its third joint venture (JV) in a U.S. shale play this year, this time with Carrizo Oil & Gas Inc.
Transportation Notes
Kinder Morgan Interstate reported completion of repairs to a leak on its Pony Line in Yuma County, CO, downstream of Sterling Compressor Station. The associated force majeure, declared late Tuesday, was lifted for Wednesday’s gas day. Minor service curtailments were made Tuesday.
Transportation Notes
Panhandle Eastern plans a maintenance outage of the 100 Line from Louisburg to Houstonia for Thursday and Friday. The Pony Express point will be unavailable for 36 hours, affecting about 75 MMcf.
FTC Takes Closer Look At El Paso-Coastal Merger
The Federal Trade Commission (FTC) last week asked El PasoEnergy and the Coastal Corp. to pony up with more informationregarding their proposed merger. The companies confirmed therequest but wouldn’t say what the FTC is seeking. The commissionwould not comment, saying the case is ongoing. Analyst speculationwas that the FTC is looking at the companies combined power in theGulf of Mexico.
FTC Takes Closer Look at El Paso-Coastal
The Federal Trade Commission (FTC) has asked El Paso Energy andthe Coastal Corp. to pony up with more information regarding theirproposed merger. The companies confirmed the request but wouldn’tsay what the FTC is seeking. The commission would not comment,saying the case is ongoing.
Transportation Notes
The schedule for an outage of KN Energy’s Pony Express Line, whichbegan Tuesday (see Daily GPI, April 26),has been revised to last through May 27, according to the Williamsbulletin board. Williams is not allowing nominations at the KN-Glavininterconnect (Franklin County, KS) during the outage.
Transportation Notes
KN has scheduled an outage on its Pony Express line forTuesday’s gas day, according to Williams Gas Pipeline Central.Williams will not accept nominations at the KN-Glavin interconnectin Franklin County, KS, for that period.