Energy Transfer Partners LP’s (ETP) $5.3 billion purchase of Sunoco Inc. isn’t expected to close until the second half of this year, but integration of the two companies “is well under way,” according to ETP CFO Martin Salinas.
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ETP, Sunoco Already Planning Post-Merger Operations
Energy Transfer Partners LP’s (ETP) $5.3 billion purchase of Sunoco Inc. isn’t expected to close until the second half of this year, but integration of the two companies “is well under way,” according to ETP CFO Martin Salinas.
Correction
In the story BHP Unleashes $708M for Second Mad Dog Platform in Deepwater Gulf, the initial gas processing capacity from the Mad Dog field was incorrectly stated (see Daily GPI, April 12). The platform initially was designed to process up to 60 MMcf/d of gas and up to 100,000 b/d of oil. NGI regrets the error.
Raymond James: U.S. Oil Rig Count May Decline in 2013
The U.S. government and private energy analysts appear to have come to a foregone conclusion that the domestic natural gas drilling rig count will take a dive in 2013, but if any are “blindly assuming” that the U.S. oil rig count will “continue to move up and to the right,” they may be wrong, said the team at Raymond James & Associates Inc.
First Canada LNG Exports May Begin Late Next Year
Canada’s Natural Resources ministry last week approved the second liquefied natural gas (LNG) export license from Kitimat, British Columbia (BC), this time to BC LNG Export Co-operative Ltd. The project could begin its “very first” LNG exports to Asian markets by late next year, said Natural Resources Minister Joe Oliver.
New NGL Pipeline Would Tie DJ Basin to Gulf Coast Market
Enterprise Products Partners LP, Anadarko Petroleum Corp. and DCP Midstream LLC plan to construct a natural gas liquids (NGL) pipeline from the Denver-Julesburg (DJ) Basin in Weld County, CO, to Skellytown, TX, in Carson County. Initial capacity of the Front Range Pipeline is expected to be 150,000 b/d.
Canada Green Lights Second LNG Export Facility
Canada’s Natural Resources ministry on Wednesday approved its second liquefied natural gas (LNG) export license from Kitimat, British Columbia (BC), this time to BC LNG Export Co-operative Ltd. The approval gives a green light to the 20-year license granted to the project in February by the National Energy Board (NEB) (see Daily GPI, Feb. 6).
EPA Says 20 More Water Wells in Dimock Tested Safe
The U.S. Environmental Protection Agency (EPA) announced Friday that 20 water wells in Dimock Township, PA — collectively its second round of water quality testing — did not reveal any signs of contamination from natural gas drilling.
Cash, Futures Trickle Lower; Gas Rig Count Drops for 11th Straight Week
Cooling the streak of price firmness exhibited on Monday and Tuesday, natural gas cash averages across the United States dropped for the second straight day on Friday as summer-like temperatures dominated much of the country and Thursday’s news of an early start to the storage injection season began to fully sink in.
Exelon Closes Merger with Constellation Energy
Exelon Corp. and Constellation Monday announced that they have completed their $8 billion merger, making the combined company the second-largest residential electricity and natural gas distribution company in the nation.