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  1. ETP, Regency to merge in $18-billion deal

    Energy Transfer Partners LP (ETP) and Regency Energy Partners have agreed to merge in a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, valued at $18 billion, including the assumption of net debt and other liabilities of $6.8 billion. The deal, expected to close in the second quarter, would make ETP the second-largest master limited partnership, with operations in all major producing areas of the US. Approved by the company’s boards and conflicts committees, the merger entails that Regency unit holders receive 0.4066 ETP common unit and a cash payment of 32¢ for each common unit of Regency. Combined operations ETP and Regency say the merger will “create substantial cost savings, capital efficiencies,” consolidating complementary gathering and processing platforms in several regions, including the Eagle Ford shale and Permian basin ( OGJ Online, Nov. 6, 2014 ; Nov. 18, 2014 ). Natural gas volumes into ETP’s intrastate pipeline system as well as liquids volume for Lone Star—an NGL storage, fractionation, and transportation joint venture of the companies—are anticipated to rise due to the merger. ETP holds 70% interest in Lone Star with Regency holding the remainder ( OGJ Online, Nov. 6, 2014 ). The deal also expands ETP’s presence in the Marcellus and Utica shales , where Regency’s operations and growth projects complement ETP’s Rover interstate gas pipeline currently under construction, which will create more than 3 bcfd of natural gas takeaway capacity from the areas. Sunoco Logistics Partners LP also has an asset base in Appalachia. ETP says it intends to become a “major player” in the Marcellus and Utica, which in part is achieved by the merger. Mike Bradley, Regency’s chief executive officer, commented from his company’s perspective, “In light of the current volatility in commodity prices and the changes in the capital markets, it became apparent over the last several months that Regency needed more scale and diversification, along with an investment grade balance sheet, to continue its growth. As a result, the combination with ETP became a logical transaction.”

    Online Articles

    Online Articles

    Mon, 26 Jan 2015

  2. Regency Energy to buy PVR in $5.6 billion deal

    Dallas-based Regency Energy Partners LP and PVR Partners LP reported that their respective boards have approved a definitive merger agreement in which Regency will acquire PVR for $5.6 billion, which includes the assumption of $1.8 billion of net debt.

    Online Articles

    Online Articles

    Thu, 10 Oct 2013

  3. ETP, Regency plan Permian-to-Mont Belvieu NGL pipeline

    Energy Transfer Partners LP and Regency Energy Partners LP, both of Dallas, reported that their joint venture, Lone Star NGL LLC, has received board approval to construct a 533-mile, 24- and 30-in. natural gas liquids pipeline from the Permian basin to Mont Belvieu, Tex.

    Online Articles

    Online Articles

    Tue, 18 Nov 2014

  4. Regency Energy to expand processing in northeastern Louisiana

    Regency Energy Partners LP, Dallas, expand its processing capacity near Dubach in Lincoln Parish, La., to 210 MMcfd by adding an incremental 70 MMcfd of cryogenic capacity and 20 MMcfd of Joule-Thomson capacity (OGJ, May 7, 2012, p. 88; May 7, 2012, p. 104).

    Online Articles

    Online Articles

    Wed, 29 Aug 2012

  1. Regency expands Haynesville takeaway capacity

    Online Articles

    Online Articles

    Mon, 14 Sep 2009

  2. Regency cites Haynesville expansion progress

    Regency Energy Partners said it has negotiated definitive agreements with shippers for 800 MMcfd or more than 70% of the capacity of its Haynesville gas pipeline expansion project in North Louisiana.

    Online Articles

    Online Articles

    Wed, 28 Jan 2009

  3. Regency to acquire Zephyr Gas Services

    Regency Energy Partners LP announced Aug. 9 it has agreed to acquire Houston-based field services company Zephyr Gas Services for $185 million.

    Online Articles

    Online Articles

    Thu, 12 Aug 2010

  4. Regency announces Eagle Ford gas gathering expansion

    Regency Energy Partners LP announced a series of expansion projects totaling 200 MMcfd along its rich-gas gathering system in South Texas’ Eagle Ford shale.

    Online Articles

    Online Articles

    Tue, 14 Dec 2010

  5. Regency Energy appoints Kelley president, CEO

    Regency Energy Partners, Dallas, has appointed Byron R. Kelley chairman, president, and chief executive officer, effective Apr. 1.

    Online Articles

    Online Articles

    Thu, 20 Mar 2008

  6. Energy Transfer Partners and Regency Energy Partners have placed their 570-mile Lone Star West Texas Gateway NGL Pipeline into service ahead of schedule

    Energy Transfer Partners LP and Regency Energy Partners LP have placed their 570-mile Lone Star West Texas Gateway NGL Pipeline into service ahead of schedule.

    Online Articles

    Online Articles

    Fri, 7 Dec 2012

  7. Regency Gas to expand Louisiana gas line

    Regency Gas Services LLC, Dallas, will invest $125 million to expand and extend its intrastate natural gas pipeline in northern Louisiana.

    Online Articles

    Online Articles

    Wed, 15 Jun 2005

  8. Regency to acquire Pueblo Midstream Gas

    Regency Energy Partners LP has acquired Pueblo Midstream Gas Corp., a wholly owned subsidiary of Bear Cub Investments LLC., for $55 million in cash and stock.

    Online Articles

    Online Articles

    Wed, 4 Apr 2007

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