Wednesday, September 10, 2008
I'm trying to clean up the ads a bit. I'm beginning to get picky. So i've added Cellar Discount Wines to the sideroll along with Mystic Monk Coffee (which btw is very very good). So if caffine isn't your thing maybe a good wine is. Makes nice Jewish, Thanksgiving, Christmas, etc etc etc gifts. And thank you for supporting the advertisers on my blog. Helps to pay the rent!
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joseph cioffi's Source Page - Associated Content
7 comments:
by Energy Transfer Partners, L.P.
Tuesday, September 09, 2008 Energy Transfer Partners, L.P. (ETP) announced Tuesday the completion of two natural gas pipeline projects that add 875 million cubic feet per day of critical capacity to the Partnership's existing transmission systems. The 42-inch Carthage Loop pipeline in Texas and the 36-inch San Juan Loop pipeline in New Mexico are an integral part of the Partnership's overall expansion efforts to increase the take away capacity of its pipeline systems.
The 32-mile Carthage Loop pipeline, which originates near Minden, Texas, and ends near Carthage, Texas, provides customers with an additional 500 million cubic feet per day of capacity out of the rapidly expanding production areas of Texas. Energy Transfer is the largest transporter of natural gas out the Barnett Shale and Bossier Sands, two of the more prolific natural gas production basins that will benefit from this expansion. The Carthage Loop connects to the Partnership's extensive intrastate pipeline network, providing customers with access to major market hubs in Texas, including the Carthage Hub in east Texas. The previously announced 160-mile, 42-inch Texas Independence Pipeline, scheduled to be completed in the third quarter of 2009, will connect to the Carthage Loop.
The 26-mile San Juan Loop pipeline expansion provides an additional 375 million cubic feet per day of capacity to Transwestern Pipeline Company's existing San Juan Lateral pipeline, bringing its total capacity to 1.6 billion cubic feet per day. Transwestern Pipeline Company is a subsidiary of Energy Transfer Partners. The 131-mile San Juan Lateral pipeline extends from Ignacio, Colo., to Thoreau, N.M., and transports natural gas out of the San Juan Basin producing area located in northwestern New Mexico and southwestern Colorado.
The San Juan Loop is the first phase of the previously announced Phoenix Expansion project that also includes the construction of a new 260-mile Phoenix Lateral pipeline designed to serve both residential and industrial customers in the high-growth Phoenix market. The Phoenix Lateral is expected to be in service in the second half of 2008.
"The completion of the Carthage Loop and the San Juan Loop expansion projects show our continued commitment to play a significant role in the process of efficiently moving natural gas from the producing areas to consumers," said Jim Holotik, President of Transwestern.
Energy Transfer Partners, L.P. (ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP's natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,450 miles of intrastate pipeline in service, with approximately 350 miles of intrastate pipeline under construction. In addition, ETP owns 2,400 miles of interstate pipeline in service, with approximately 250 miles of interstate pipeline under construction. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners and approximately 62.5 million ETP limited partner units.
Obviously, noboday cares...
SGLP and SemGroup, L.P. Reach Settlement
SemGroup Energy Partners, L.P. (NASDAQ: SGLP) announced today that the U.S. Bankruptcy Court in Delaware approved an order relating to certain matters between SGLP and SemGroup, L.P. (the Private Company). SGLP is not a party to the bankruptcy filings, but it is party to various agreements with the Private Company and its subsidiaries, including some that are debtors in the bankruptcy filings.
The settlement stipulates that, among other items:
the Private Company will pay past and future utility costs attributable to the operations of the Private Company at certain shared facilities for which they would otherwise have a reimbursement obligation;
payments under the Asphalt Terminalling and Storage Agreement will be netted against related amounts due under the Amended Omnibus Agreement;
the Private Company will provide a $4.9 million letter of credit to secure future obligations under the Asphalt Terminalling and Storage Agreement;
the Private Company will make payments under the Crude Oil Throughput Agreement for the month of August based upon the monthly contract minimums in the Crude Oil Throughput Agreement, which payments will be netted against related amounts due under the Amended Omnibus Agreement;
the Private Company will make payments under the Crude Oil Throughput Agreement for the months of September and October based upon actual volumes and at a rate equal to the average rate charged by SGLP to third party shippers in the same geographical area, which payments will be netted against related amounts due under the Amended Omnibus Agreement;
the Private Company will continue to provide services in accordance with the Amended Omnibus Agreement through at least November 30, 2008;
SGLP and the Private Company resolved among themselves that SGLP is the proper party to receive payments under a third-party storage agreement; and
SGLP will enter into a specified lease with the Private Company to permit the Private Company to construct a pipeline.
"We believe this is a reasonable settlement between the two parties," stated Kevin Foxx, President and CEO of SGLP. "This decision provides SGLP with certain assurances that it will be paid for post-bankruptcy services provided to the Private Company. It also provides additional clarity around its relationship with the Private Company on a prospective basis and allows SGLP to focus on its own independent business plan."
Joe
I can't click on mystic monk coffee and go to there site. I told my wife about the coffee you guys have been bragging about and she wants to try it. She don't believe it could be better then Star Bucks
Paul
Paul,
Turn off your popup blocker...
It seems during the selloff of the last few weeks that MLP's tend to open at the highs of the day and spend the rest of the day selling off (the exception being last Friday).
For mystic monk when you click...if it doesn't open the page hold the ctrl key when you click...or turn off the pop up blocker.
Paul,
Starbucks gives me heartburn, and just to keep this message on topic, so do MLPs of late. Mystic Monk is a smooth, rich, non-acidic cup of java. Your wife will love you for it. (Just don't tell her you own any MLPs.)
Lee
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