Transfer

Enterprise Products Partners LP announced Tuesday that it has agreed to sell about 22.8 million common units of Energy Transfer Equity LP (ETE) to undisclosed purchasers for approximately $825.1 million.

Southern Union Co. has begun distributing proxy statements in preparation for a special meeting of shareholders Dec. 9 to vote on the company’s proposed acquisition by Energy Transfer Equity LP (ETE) (see Daily GPI, Aug. 8; July 20). Shareholders of record as of Oct. 11 may vote in person at the meeting in New York City or by proxy. Approval of the merger agreement requires a simple majority of Southern Union’s outstanding shares of common stock. Shareholders who directly or indirectly own 13.4% of the company’s stock already have voted in favor of the agreement. Southern Union’s board of directors also has unanimously recommended the merger’s approval.

Energy Transfer Partners LP (ETP) said Thursday that it has made an agreement to provide natural gas gathering, processing and transportation services in the Woodford and Barnett shales for XTO Energy Inc., a subsidiary of ExxonMobil Corp.

FERC Friday approved Gulf South Pipeline Co. LP’s request to abandon by sale or intercorporate transfer to affiliate Boardwalk Field Services LLC 280 miles of transmission and gathering pipelines in South Texas.

SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.

SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.

The Federal Energy Regulatory Commission Tuesday approved a request by ETC Tiger Pipeline LLC, a unit of Dallas-based Energy Transfer Partners LP, to place a 400 MMcf/d expansion of its system in service.

An agreement to merge with Energy Transfer Equity LP (ETE) may be in place, but Southern Union Co. agreed Friday to discuss a higher offer from Williams.

The war of words continued on Wednesday between Energy Transfer Equity LP (ETE) and the object of its merger affections, Southern Union Co.