Articles filed under Infrastructure

Units of Kinder Morgan's El Paso Pipeline Partners LP business said that during recent open seasons, plenty of customers stepped up for incremental long-term transportation capacity from the Marcellus Shale region to serve markets in Georgia, South Carolina and northern Florida.

The elephant named Marcellus that has been sitting on Northeast-Henry Hub basis isn't about to move along, and what used to be a premium market will see trades discounted to the U.S. gas benchmark for a while, analysts at Credit Suisse said in a note Tuesday.

In a notice published in the Federal Register Wednesday, the Transportation Department's Maritime Administration (MARAD) announced its final authorization of the decommissioning of the Gulf Gateway Energy Bridge Deepwater Port, the first deepwater liquefied natural gas (LNG) import facility of its kind in the world. The Excelerate Energy LP facility is being retired just eight years after it went into service in the Gulf of Mexico.

Pioneer Natural Resources Co.(Pioneer) and Pioneer Southwest Energy Partners LP (Pioneer Southwest) have struck an agreement for their previously announced merger under which Pioneer Southwest would become a wholly owned subsidiary of Pioneer operating company Pioneer Natural Resources USA Inc. (see Shale Daily, May 13). The transaction is intended to consolidate the West Texas Midland Basin activities of the two companies and facilitate Pioneer's plans to fully and optimally develop the area utilizing horizontal drilling. The combination is expected to provide organizational, operational and administrative efficiencies, Pioneer said. Pioneer Southwest's public unitholders are to receive 0.2325 of a share of common stock of Pioneer per Pioneer Southwest common unit surrendered, plus a whole share of Pioneer common stock in lieu of any fractional share of Pioneer common stock otherwise issuable in the merger. The transaction is expected to result in 3.95 million additional shares of common stock being issued by Pioneer.

NGI Daily Price Index reported last week that Potomac ElectricPower Co. hoped to sell nearly all of its power generationfacilities --- with an estimated capacity of at about 6,055 MW ---for an "upside price" of about $3 million. Pepco later correctedthe figure to $3 billion. Pepco further said it hoped to narrow thefield of serious bidders to between six and a dozen by March.