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News Breaks
May 15, 2014
14:25 EDTDTE, SWN, COGDTE Energy to significantly expand Bluestone Pipeline
DTE Energy's (DTE) Gas Storage and Pipeline segment has secured long-term gathering commitments with Southwestern Energy Co. (SWN) and Cabot Oil & Gas Corp. (COG) which will significantly expand the Bluestone Pipeline. The incremental Bluestone Pipeline capacity is supported by long-term agreements with minimum term commitments ranging from 10-15 years. Once in-service, the expansion facilities will increase the capacity of the Bluestone Pipeline from 600,000 Dth/day to 975,000 Dth/day, a greater than 60% increase in capacity since the gathering system first came online in late 2012. The 44.5 mile Bluestone Pipeline and Gathering system can currently transport up to 600,000 Dth/day combined to both the Millennium Pipeline in Broome County, N.Y. and the Tennessee Gas Pipeline in Susquehanna County, Pa.
News For COG;SWN;DTE From The Last 14 Days
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January 21, 2015
08:15 EDTSWNSouthwestern Energy coverage resumed with a Buy at BofA/Merrill
Price target lowered to $46 from $49.
January 20, 2015
07:30 EDTSWNSouthwestern Energy upgraded to Buy from Hold at KLR Group
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January 15, 2015
06:21 EDTSWNSouthwestern Energy 26.087M share Secondary priced at $23.00
The deal size was increased to 26M shares from 20.3M shares. BofA/Merrill, Citigroup, JPMorgan, Wells Fargo and BMO Capital acted as joint book running managers for the offering.
January 14, 2015
14:48 EDTSWNSouthwestern Energy comments on Administration's action to reduce methane
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