TEPPCO Partners LP has turned down a $2.8 billion takeover proposal from Enterprise Products Partners LP but “remains willing to consider a revised proposal that appropriately recognizes the value of TEPPCO,” the company said Wednesday.
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TEPPCO Rejects $2.8B Enterprise Takeover Bid
TEPPCO Partners LP has turned down a $2.8 billion takeover proposal from Enterprise Products Partners LP but “remains willing to consider a revised proposal that appropriately recognizes the value of TEPPCO,” the company said Wednesday.
Industry Briefs
Due to recent flooding and expected rains, Rockies Express Pipeline (REX) again revised its expected in-service date for REX-East interim service. Now it expects the service to begin in late April or early May, the pipeline said. “Initial REX-East service (or interim service) is projected to commence late April to early May with a capacity of 1,600 MDth/d into Zone 3,” the pipeline said in an informational posting last week. “This will include deliveries to NGPL (Moultrie County, IL), Trunkline (Douglas County, IL), Midwestern (Edgar County, IL), and PEPL (Putnam County, IN). In addition, REX expects to have the Ameren (Moultrie County, IL) delivery point available for service contemporaneously with the interim service delivery points.” Service to Lebanon, OH, is projected to commence June 15 with a capacity of 1,600 MDth/d. In-service of the fully powered REX-East pipeline to Clarington, OH, is projected to commence Nov. 1 with capacity of 1,800 MDth/d, the pipeline said. Earlier in March REX said interim service on the 683-mile REX-East would be delayed from April 1 to the first half of April.
REX: Another Rain Delay for East Segment
Due to recent flooding and expected rains, Rockies Express Pipeline (REX) has again revised its expected in-service date for REX-East interim service. Now it expects the service to begin in late April or early May, the pipeline said.
Colorado Senate Affirms Gas, Oil Rules
Rejecting a final effort by state Republicans, Colorado Senate Democrats Tuesday affirmed the state’s revised natural gas and oil drilling regulations. The rules are scheduled to take effect beginning next week.
Salazar Sees New OCS Leasing Plan by Around 2010
Interior Secretary Ken Salazar told a Senate panel last Tuesday that he expects the department to have a revised five-year plan for oil and natural gas leasing on the Outer Continental Shelf (OCS) ready by September 2010 or possibly earlier.
Salazar Sees New OCS Leasing Plan by Around 2010
Interior Secretary Ken Salazar told a Senate panel Tuesday that he expects the department to have a revised five-year plan for leasing on the Outer Continental Shelf (OCS) ready by September 2010 or possibly earlier.
Colorado Republicans Try to Thwart Energy Rules Overhaul
A small group of Colorado’s Republican-led lawmakers are trying to convince fellow state legislators to reconsider their plans to enact revised energy regulations, which are scheduled to take effect beginning in April.
Colorado Republicans Try to Thwart Energy Rules Overhaul
A small group of Colorado’s Republican-led lawmakers is trying to convince fellow state legislators to reconsider their plans to enact revised energy regulations, which are scheduled to take effect beginning in April.
Colorado Commission Finalizing Drilling Rules
The Colorado Oil & Gas Conservation Commission (COGCC) plans to hire 14 staffers to help implement revised energy rules taking effect in 2009. The nine-member regulatory agency is formally approving the rules this week, and most of them are expected to take effect in April and May — well past the original schedule.