El Paso Pipeline Partners LP is buying an additional 25% stake in southeastern interstate pipeline system Southern Natural Gas Co. (SNG) from El Paso Corp., the parent of both companies, for a total of $667 million. The master limited partnership would own an 85% interest in SNG once the transaction closes. SNG’s throughput volumes in 4Q2010 were 2,542 billion Btu/d, compared with 2,329 billion Btu/d in the year-ago quarter. SNG’s 2010 volumes totaled 2,505 billion Btu/d versus 2009 volumes of 2,322 billion Btu/d.
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El Paso Partnership to Up Stake in SNG
El Paso Pipeline Partners LP (EPB) is buying an additional 22% stake in southeastern interstate pipeline system Southern Natural Gas Co. (SNG) from El Paso Corp., the parent of both companies, for $587 million.
Unit of Japanese Firm Buying Niobrara Oil Shale Stake
A unit of Japan’s ITOCHU Corp. is to acquire a one-quarter interest in Niobrara oil shale acreage in southeastern Wyoming, marking the first time a Japanese company is participating in a U.S. oil shale project.
Enbridge Project Would Sidestep Crowded Perryville
Enbridge Inc. is holding an open season for a new interstate pipeline from the company’s Carthage Hub in East Texas to an interconnect with Southern Natural Gas in southeastern Louisiana. One of the proposed LaCrosse Pipeline’s main selling points: it would bypass the gas-jam that some predict will be afflicting the popular Perryville Hub in North Louisiana where a number of east-bound projects are aimed, Enbridge said.
New Enbridge Interstate Would Bypass Perryville Hub
Enbridge Inc. is holding an open season for a new interstate pipeline from the company’s Carthage Hub in East Texas to an interconnect with Southern Natural Gas in southeastern Louisiana. One of the proposed LaCrosse Pipeline’s main selling points: it would bypass the gas-jam that some predict will be afflicting the popular Perryville Hub in North Louisiana where a number of east-bound projects are aimed, Enbridge said.
New Gas Supplies Put Spotlight on Perryville, LA, Infrastructure
As new supplies of gas from the Barnett Shale and Bossier Sands in Texas, the Haynesville Shale in northwest Louisiana, the Woodford Shale in southeastern Oklahoma and the Fayetteville Shale in northeast Arkansas continue to ramp up, Perryville, located in northeastern Louisiana, finds itself ideally situated as a gathering place to store and move the gas to markets in the Midwest, Northeast and Southeast.
Newfoundland LNG Environmental Assessment Out for Comment
North America’s first liquefied natural gas (LNG) storage and transshipment facility at Grassy Point on Placentia Bay in southeastern Newfoundland moved a step closer to reality with the Monday release of an environmental assessment report on the project by Canada’s Environmental Assessment Agency.
Atlantic Rim, Southeast Wyoming a Niche for CBM Developers
With drilling programs beginning to hit their stride in the once contested Atlantic Rim leasehold and across the southeastern corner of Wyoming, small and large exploration and production (E&P) companies are stepping up their coalbed methane (CBM) programs in the Greater Green River Basin to take advantage of the Rockies Express Pipeline (REX) and sharply higher natural gas prices.
Atlantic Rim, Southeast Wyoming a Niche for CBM Developers
With drilling programs beginning to hit their stride in the once contested Atlantic Rim leasehold and across the southeastern corner of Wyoming, small and large exploration and production (E&P) companies are stepping up their coalbed methane (CBM) programs in the Greater Green River Basin to take advantage of the Rockies Express Pipeline (REX) and sharply higher natural gas prices.
Enogex Holds Open Season for Woodford Shale Transportation
As natural gas production continues to grow in the Woodford Shale of southeastern Oklahoma, OGE Energy Corp. subsidiary Enogex Inc. is proposing new firm Section 311 natural gas interstate transportation service on the company’s intrastate pipeline system in the region. Enogex has opened a binding open season to solicit shipper interest in the plan.