Prices for natural gas and crude will shoot up in the short term, but the upward movement isn’t likely to be sustained for the longer term in the wake of last Tuesday’s terrorist attacks that destroyed the World Trade Center in New York and badly damaged the Pentagon near Washington D.C., according to Raymond James & Associates.
Spurts
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Raymond James Says Energy Price Spurts Only Short Term
Natural gas and crude oil prices will rise in the short term, but aren’t likely to be significantly affected in the longer term as the result of Tuesday’s terrorist attacks on the World Trade Center in New York and the Pentagon in Washington D.C., according to Raymond James & Associates.
September 13, 2001
Midcoast Plans to Buy El Paso’s Anadarko System
Midcoast Energy Resources marked another in a chain of recentgrowth spurts with a definitive agreement to buy the Anadarkopipeline system from El Paso Field Services. Under the agreement,Midcoast will acquire the Anadarko system in Beckham and RogerMills counties, OK, and Hemphill, Roberts and Wheeler counties, TX.The system is made up of more than 696 miles of primarily 16-inchand 20-inch pipeline with an average throughput of 151 MMcf/day anda total capacity of 345 MMcf/day. The system gathers gas from about250 wells and includes a 40 MMcf/day gas processing facility, 11compressor stations with a total of more than 14,000 hp andinterconnections with eight major interstate and intrastatepipeline systems.
July 31, 1998
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