James T. Reynolds has been named senior vice president of Crosstex’s treating division. He brings more than 20 years experience with expertise in treating technology.Reynolds will report to Crosstex Executive Vice President and Chief Operating Officer Robert S. Purgason.
Kinder Morgan Inc. announced Wednesday its buyout by an investor group led by Chairman and Chief Executive Richard Kinder had been completed, and trading in the company's stock would be suspended, pending its delisting.
AltaGas Income Trust will build a new gas processing facility and associated gathering and sales line near Acme Alberta, approximately 85 kilometers (53 miles) northeast of Calgary.Capable of processing 10 million cfd of gas, the facility will process coal bed methane (CBM) for Ember Resources. Construction costs are estimated at C$11 million.
It wasn’t that long ago that propane had the image of an old fashioned fuel, the kind you would find in a rusty tank on Grandpa’s farm.But thanks to the marketing, educational and research efforts of the Propane Educational & Research Council (PERC), there has been a sea change in consumer opinion of propane. Today, propane’s targeted residential customers perceive propane as a clean burning, efficient and cost effective fuel.
DCP Midstream announced Monday it had bought the stock of Momentum Energy Group for $635 million.DCP Midstream will acquire various gas gathering and processing assets in the Fort Worth Basin and the Powder River Basin and a 70% stake in a joint-venture gas pipeline in the Piceance Basin.
Targa Resources Partners reported first quarter net income of $2.2 million of 7¢ per unit on a fully diluted operations from operations of $5.2 million. EBITDA was $12.5 million.The results include numbers prior to the initial public offering period from Jan. 1 to Feb. 13 and from the post IPO period from Feb. 14 to March 31.
A national survey conducted for Deloitte shows that slightly more than half of consumers would be willing to pay 5% more on their energy bills for clean energy.The survey also showed that 42% of consumers would not be willing to pay 5% more for clean energy
Propane stockholders continued boosting inventories higher last week but at a relatively moderate 1.4 million bbls, leaving inventories as of May 18 at an estimated 32.9 million bbls, according to the Energy Information Agency.
In last week’s Gas Processors Report, we inadvertently quoted comments from the En*Vantage energy report for May 18 of last year rather than the correct En*Vantage report for May 17 of this year. The Houston consulting firm sent us the wrong report, before sending the correct report.
Alex Bucher has resigned as president of Eagle Rock Energy Partners effective June 15 and will leave the company and its board to pursue other opportunities.“We will miss Alex and his significant contribution in our successful gathering and processing operations,” said Joseph A. Mills, Eagle Rock’s chairman and CEO. “To his credit and our benefit, he has assembled a first class organization that will assure continuity in the future execution of our strategic and business plans. As a founder of Eagle Rock, his vision and perseverance have been a driving force behind Eagle Rock’s success. We wish him every success in the future.”
Federal Energy Regulatory Commission Chairman Joseph Kelliher found the perfect ally in shielding tough questions from Washington reporters at a news conference last Monday: his curly-haired 21-month-old son Damien.Turns out that Kelliher’s wife Karen was called for jury duty in District of Columbia Court on the same day Kelliher was to deliver an address to the Deloitte Energy Conference at the Renaissance Hotel in downtown Washington May 14. Kelliher made the commitment to speak at the conference more than a year ago, months before he knew his wife would be called for jury duty.