Purchased

Amerada Hess Corp. said it has purchased EnLine Energy Solutions’ natural gas marketing business. EnLine supplies gas to more than 200 commercial, industrial, and municipal customers in North Carolina, South Carolina, Georgia, Tennessee and Virginia. The transaction closed on Aug. 1.

Petrofund Energy Trust said Tuesday it purchased about 4 million boe in western Canadian gas and oil reserves (84% gas) through a combination of three property and corporate transactions for a total purchase price of C$66.4 million. The majority of the production is located in Alberta and British Columbia with minor interests in Saskatchewan.

Energy Transfer Partners said it purchased a majority of the entity that owns Houston Pipe Line and related storage assets from American Electric Power Corp. (AEP) for about $825 million. AEP had been planning to sell the assets since last year as part of its strategy to refocus on core regulated operations.

Energy Transfer Partners said it purchased a majority of the entity that owns Houston Pipe Line and related storage assets from American Electric Power Corp. (AEP) for about $825 million. AEP had been planning to sell the assets since last year as part of its strategy to refocus on core regulated operations.

Houston-based El Paso Corp. last Tuesday said it purchased put options, which place a floor price on part of its natural gas production to manage the company’s exposure to volatile prices.

Houston-based El Paso Corp. said Tuesday it has purchased put options, which place a floor price on part of its natural gas production to manage the company’s exposure to volatile prices.

Houston-based El Paso Corp. said Tuesday it has purchased put options, which place a floor price on part of its natural gas production to manage the company’s exposure to volatile prices.

Pogo Producing Co. said it purchased the stock of a private company with about 90 Bcfe of proven West Texas gas reserves for $208 million, including $35 million of assumed debt. The acquisition is expected to be immediately accretive to Pogo’s earnings, cash flow, production and reserves per share, the company said. It expects to finance the acquisition with available cash and bank debt.

Pogo Producing Co. said it purchased the stock of a private company with about 90 Bcfe of proven West Texas gas reserves for $208 million, including $35 million of assumed debt. The acquisition is expected to be immediately accretive to Pogo’s earnings, cash flow, production and reserves per share, the company said. It expects to finance the acquisition with available cash and bank debt.