shale

Following hot on the heels of the announcement that Kinder Morgan Energy Partners had agreed to acquire El Paso Corporation, KMP announced Oct. 24 that it has signed a definitive purchase and sale agreement to acquire SouthTex Treaters, a manufacturer, designer and fabricator of natural gas treating plants that remove CO2 and H2S, for approximately $155 million.

In a deal that will have enormous ramifications for the pipeline industry, Kinder Morgan, Inc. has announced plans to buy El Paso Corp. for $38 billion.

If it goes through, the deal will create the largest midstream energy enterprise company as well as:

Kinder Morgan, Inc. and El Paso Corporation announced Oct. 16 a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

As part of an agreement with Koch Pipeline Company, L.P., NuStar Logistics has reactivated its Pettus South Pipeline to transport Eagle Ford shale crude oil to Corpus Christi, TX.

Pennsylvania and the Marcellus Shale natural gas reservoir are emerging as a key focus of natural gas pipeline operators, as the increasing gas flow spurs projects to bring it to customers in the northeastern U.S. and possibly Canada.

NOVA Gas Transmission Ltd., a wholly owned subsidiary of TransCanada Pipe Lines Ltd., recently announced plans for two pipelines. The first involves plans to construct and operate four new segments of pipeline and related facilities for the proposed Komie North Extension Project.

Much has been written about how oil and gas derived from shale is going to bring back North America as a viable energy source, making it at the least more self-reliant and at the most a major exporter of energy products and fuels.

It’s no secret: popular media publications and those from the energy industry don’t always agree. But about six years ago, the national press radically split with the industry press on the subject of natural gas.

While recent oil spills has added to debate over the safety of shipping Canada’s oil sands crude through pipelines, there is little hard evidence that the oil is more corrosive than conventional crude, according to a report by Reuters which interviewed various scientists and regulators.

Reuters reports that an equally vexing battle - if less controversial than hydraulic fracturing - now looms in Pennsylvania's Marcellus Shale gas region: ensuring that enough pipelines are built, quickly enough, to funnel the gas into the deep Northeast market.

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