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News Breaks
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December 20, 2011
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| 14:58 EDT |  | CPNO, MMP |
| theflyonthewall.com: | Copano Energy, Magellan Midstream form Double Eagle Pipeline joint venture | | Copano Energy (CPNO) and Magellan Midstream Partners (MMP) announced the formation of a joint venture to deliver Eagle Ford Shale condensate to Corpus Christi, Texas. The 50/50 joint venture, known as Double Eagle Pipeline, will construct and own approximately 140 miles of new pipeline to connect an existing 50-mile pipeline segment owned by Copano to Karnes, Live Oak, McMullen and LaSalle Counties of Texas, enabling delivery of condensate to Magellan's terminal in Corpus Christi. The initial capacity of the pipeline will be 100,000 barrels per day. Double Eagle also will construct a new truck unloading facility along the pipeline near Three Rivers, Texas for deliveries of condensate destined for Corpus Christi. The joint venture project is supported by long-term customer commitments from Talisman Energy USA and Statoil Marketing and Trading, major producers with significant acreage in the rich gas window of the Eagle Ford Shale. The expected cost of the new joint venture facilities is approximately $150M and will be shared equally by Copano and Magellan. Copano will oversee construction of the new pipeline and serve as operator. The companies expect to provide limited services by the end of 2012, with full service available beginning in the first quarter of 2013. :theflyonthewall.com |
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May 24, 2012
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| 07:32 EDT |  | MMP |
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May 22, 2012
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| 16:47 EDT | | CPNO |
| theflyonthewall.com: | Copano Energy sees combined actual NGL recoveries near fixed recoveries for 2012 | | The company said, "We expect combined actual NGL recoveries to remain above or near contractually fixed recoveries for the balance of the year." :theflyonthewall.com |
| | 16:45 EDT | | CPNO |
| | 16:40 EDT | | CPNO |
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May 11, 2012
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| 07:43 EDT |  | CPNO |
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