Loews Corp., a holding company whose far reaching businesses engage in everything from cigarette sales to hotel operations, will pay Entergy-Koch LP $1.136 billion for Gulf South Pipeline. Subsidiary Texas Gas Transmission LLC (TGT) will take over operations of the 8,000-mile natural gas pipeline, which transports 2 Bcf/d and provides a total working gas storage capacity of 68.5 Bcf.
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Loews Purchases Gulf South Pipe for $1.136B
Loews Corp., a holding company whose far reaching businesses engage in everything from cigarette sales to hotel operations, will pay Entergy-Koch LP $1.136 billion for Gulf South Pipeline. Subsidiary Texas Gas Transmission LLC (TGT) will take over operations of the 8,000-mile natural gas pipeline, which transports 2 Bcf/d and provides a total working gas storage capacity of 68.5 Bcf.
Lame Duck Session Allows Kelly to Continue at FERC
FERC Commissioner Suedeen Kelly, whose confirmation for a second term on the Commission has been bogged down in Capitol Hill politics, was tossed a life preserver when House and Senate lawmakers decided to return after the elections for a lame duck session in mid-November.
Lame Duck Session Allows Kelly to Continue at FERC
FERC Commissioner Suedeen Kelly, whose confirmation for a second term on the Commission has been bogged down in Capitol Hill politics, was tossed a life preserver when House and Senate lawmakers decided to return after the elections for a lame duck session in mid-November.
Unexpected Storage Number an Anomaly
Industry analysts whose predictions were almost entirely out of the money on last week’s storage injection have offered various explanations for the big dip in the numbers announced by the Energy Information Administration (EIA). The consensus of prognosticators had centered around a mid-80s Bcf build, so the 72 Bcf that EIA said was injected into underground natural gas storage for the week ended July 16 came as a shock.
Cimarex Reports 2Q Gas Production Up 34%
Denver-based Cimarex Energy Co., whose exploration efforts are centered in the MidContinent and Gulf Coast regions, reported Wednesday that its second quarter aggregate oil and natural gas output handily beat its production guidance, increasing 28% over a year ago on the strength of significant natural gas production.
Targa, Warburg to Buy Two Gas Systems from ConocoPhillips
Targa Resources Inc., whose veteran energy team is building a portfolio of natural gas gathering, processing and pipeline assets throughout the United States with partner Warburg Pincus, said Thursday it will buy two integrated gas systems in Texas and Louisiana from ConocoPhillips for an undisclosed amount.
Targa, Warburg to Buy Two Gas Systems from ConocoPhillips
Targa Resources Inc., whose veteran energy team is building a portfolio of natural gas gathering, processing and pipeline assets throughout the United States with partner Warburg Pincus, said Thursday it will buy two integrated gas systems in Texas and Louisiana from ConocoPhillips for an undisclosed amount.
Marketer Accuses Transwestern of Funding Routine Maintenance on Backs of Curtailed Shippers
Transwestern Pipeline finances its maintenance with the monies it receives from shippers whose shipments are curtailed due to planned maintenance activities along its 2,600-mile system, a Fort Worth, TX-based gas marketer charges.
Marketer Accuses Transwestern of Funding Routine Maintenance on Backs of Curtailed Shippers
Transwestern Pipeline finances its maintenance with the monies it receives from shippers whose shipments are curtailed due to planned maintenance activities along its 2,600-mile system, a Fort Worth, TX-based gas marketer charges.