COMPANY NEWS: El Paso Energy to buy midstream assets from El Paso Corp.

El Paso Energy Partners LP-which is 28% owned by El Paso Corp. (EPC)-signed a letter of intent to acquire certain Texas midstream assets from EPC for $750 million, marking El Paso Energy's biggest acquisition to date.The acquired assets include the 9,400 mile, 5 bcfd EPGT Texas intrastate pipeline. EPGT deliveries averaged 3.5 bcfd during 2001.El Paso Energy also will acquire the 1,300 mile, 465 MMcfd Permian basin gathering systems. Assets include a 42.3% nonoperated interest in the Indian Basin gas processing and treating plant in Eddy County, NM, and associated gathering lines.In the downstream sector, Tesoro Petroleum Corp. amended terms for its purchase of the 168,000 b/d Golden ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected