Enterprise Products Partners LP is holding a binding open commitment period through Sept. 27 for capacity on the Appalachia-to-Texas (Atex Express) pipeline. The 1,230-mile system will deliver ethane from the Marcellus and Utica shale areas of Pennsylvania, West Virginia and Ohio to Mont Belvieu, TX (see Shale Daily, Jan. 5). “While the long-term commitments we already have are more than sufficient to proceed with the development of Atex Express pipeline, we continue to receive steady interest from other producers seeking long-term transportation capacity,” said Jim Teague, chief operating officer of Enterprise’s general partner. For information contact Russ Kovin at (713)381-7925, or rkovin@eprod.com.
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Comment Period Closes on EPA’s Proposed Emissions Rules
The Environmental Protection Agency (EPA) received more than 4,100 comments on its proposed standards to reduce air pollution from oil and natural gas drilling operations, especially operations employing hydraulic fracturing (fracking), by the time the public comment period closed Wednesday.
Shale Gas to Hinder Nuclear Buildout, Says S&P
Low natural gas prices could stifle the long-awaited nuclear renaissance, according to analysts at Standard & Poor’s Ratings Service (S&P). Without federal loan guarantees, merchant nuclear new builds will be abandoned, they said in a recent report.
Shale Gas to Hinder Nuclear Buildout, Says S&P
Low natural gas prices could stifle the long-awaited nuclear renaissance, according to analysts at Standard & Poor’s Ratings Service (S&P). Without federal loan guarantees, merchant nuclear new builds will be abandoned, they said in a new report.
Analyst Confident Higher Service Rates Won’t Stifle Producer Returns
Even if oilfield prices go up by 15-20% next year, as Raymond James expects to occur, the negative ramifications on exploration and production returns will be surprisingly small, according to Raymond James analyst J. Marshall Adkins.
Warm Weather, Economy Stifle Con Edison Q1 Earnings
New York City utility owner Consolidated Edison Inc. saw first quarter earnings fall 6.9% after one of the warmest winters in the Northeast on record coupled with weak economic conditions. Net income was $166.6 million ($0.78 a share), compared with earnings of $179.1 million ( $0.84) for the first quarter of 2001. Analysts had expected quarterly earnings of 80 cents. Revenue also fell, dropping 27% to $2.1 billion from $2.89 billion for the same period a year ago.
Legislation Would Stifle PX Competition
Repeating what has become a familiar pattern in recent years,California’s legislature has begun the process of turning back thedecision made last week by state energy regulators to allow thestate’s major investor-owned utilities to purchase electricitythrough exchanges other than the state-chartered nonprofitCalifornia Power Exchange (Cal-PX). Legislative action could comeas early as today as part of California’s annual budget bill.
Questar: Sempra-KN Combo Would Stifle Competition
Questar Pipeline has called on FERC to jettison the proposedmerger of powerhouses Sempra Energy and KN Energy, insisting thedeal would “undermine” competition in the natural gas and electricmarkets in southern California.