midstream

Kinder Morgan Energy Partners L.P. (KMP) has completed the acquisition of 50% of El Paso Natural Gas Co. LLC (EPNG) and 50% of former El Paso Midstream assets in Utah and South Texas from Kinder Morgan Inc. The transaction is valued at $1.6 billion. KMP now owns 100% of both EPNG and the midstream assets.

Castleton Commodities International LLC (CCI) has acquired through subsidiaries the Paradox Basin midstream assets of Patara Oil & Gas LLC.

Kinder Morgan Energy Partners, L.P. is buying Copano Energy, L.L.C. for $5 billion. Copano, a midstream natural gas company with operations primarily in Texas, Oklahoma and Wyoming, provides services to natural gas producers, including natural gas gathering, processing, treating and natural gas liquids fractionation.

UGI Corp. and Tenaska Resources LLC will jointly develop gas resources in the Marcellus Shale in north-central Pennsylvania.

One issue still a hot topic for the Obama administration is whether to approve the second and final phase of the Keystone XL Pipeline. This will include another pipeline coming from Canada into the U.S. bringing another million barrels per day of tar sand crude oil also known as “diluted bitumen” to Gulf Coast refineries.

Targa Resources Partners will acquire 100% of Saddle Butte Pipeline, LLC's ownership of its Williston Basin crude oil pipeline and terminal system and its gas gathering and processing operations for $950 million.

Haddington Ventures, L.L.C. has closed its latest private equity fund, Haddington Energy Partners IV, LP (HEP IV), with total committed capital of nearly $350 million targeted for investments in midstream energy infrastructure.

ITG Investment Research announced the release of a survey of leading buyside energy investors which indicated that the Eagle Ford Shale in South Texas ranked as the leading North American play.

Ryckman Creek Resources, LLC, a subsidiary of Peregrine Midstream Partners LLC, recently concluded its non-binding open season for firm natural gas storage service at its high-deliverability, multi-cycle (HDMC) natural gas storage facility in Uinta County, WY.

DCP Midstream LLC and DCP Midstream Partners LP announced construction of a cryogenic plant that will serve growing demand from producers in the liquids-rich Eagle Ford Shale.

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