Kinder Morgan – Copano Reach $5 Billion Deal

Eagle Ford Gathering LLC Will Now Be 100% Owned by Kinder Morgan
Copano Energy Assets Map

Copano Energy Asset Map
| Click to Enlarge

Kinder Morgan and Copano Energy have reached a $5 billion agreement whereby KMP will acquire Copano. The transaction prices Copano at a 23.5% premium to its closing prices on January 29, 2013. The combined company has over 80,000 miles of pipelines and more than 180 terminals. The deal is expected to close by the third quarter of 2012

Richard Kinder, CEO stated, “The footprint we now control has never been paralleled……..I’m absolutely convinced US natural gas is the future of energy……everything points to infrastructure being the biggest hurdle to continued growth…..We’re seeing increased use of US hydrocarbons in every portion of the economy.” [Read more…]

Swift Energy Inks Gathering Deal – Reports Austin Chalk Results in LA

Swift Energy Eagle Ford Shale Acreage Map

Click to View Larger Image

Swift Energy signed a gathering agreement with Eagle Ford Gathering, LLC. Swift will have 40 mmcfd of firm capacity on the system in LaSalle County by the fourth quarter of 2012.

Eagle Ford Gathering, LLC is a 50/50 midstream partnership between Kinder Morgan (KMP) and Copano Energy (CPNO). [Read more…]

Copano Energy Eagle Ford Assets Add to Earnings

Copano Energy’s Eagle Ford pipeline and midstream assets boosted the company’s bottom line in the fourth quarter of 2011.

The Texas segment of the company reported growth of 27% in gross margins from Q4 2010 to Q4 2011. The primary boost was from increased pipeline throughput in the Eagle Ford Shale and Barnett Combo plays. ¬†Throughput volumes in the South Texas shale play were up 657%. How’s that for volume growth….. [Read more…]

SM Energy – Talisman and Statoil Reach Eagle Ford Acreage Deal

SM Energy sells 15,400 acres in LaSalle and Dimmit counties for $225 million ($14,600 per acre) to a partnership of Talisman and Statoil. SM Energy has been courting offers over the past several months and it looks like it wasn’t able to get a satisfactory JV agreement across all of its acreage. Expect another announcement across a larger portion of the company’s acreage in the coming weeks. [Read more…]