Company News - Wyatt group to buy Enron pipeline unit

06/14/2004
More North American midstream assets are changing hands.NuCoastal LLC, a consortium led by former Coastal Corp. chief Oscar Wyatt of Houston, agreed to buy CrossCountry Energy, Houston, from Enron Corp., also of Houston, for $2.2 billion, which includes $430 million in debt.Alberta-based KeySpan Facilities Income Fund, a midstream energy trust, agreed to buy EnerPro Midstream Co. for $190 million, plus working capital adjustments, from Chevron Canada Resources.In downstream action, Dow Chemical Co., Midland, Mich., and Kuwait Petroleum Corp. subsidiary Petrochemical Industries Co. (PIC) agreed to form two new 50:50 global petrochemical JVs, pending regulatory approvals.In gasification tec...
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