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News Breaks
June 26, 2014
07:36 EDTRRC, ETP, AR, ETEEnergy Transfer Partners to build pipeline to transport natural gas
Energy Transfer Partners (ETP) announced that its Board of Directors has approved building a pipeline to transport natural gas from processing facilities located in the prolific Marcellus and Utica Shale areas to numerous market regions in the United States and Canada. In conjunction with this announcement, ETP is announcing it has signed long-term agreements with multiple shippers and is launching a binding Open Season. The natural gas pipeline is currently sized to transport 2.2 billion cubic feet per day, however, depending on additional shipper commitments, the project likely will be expanded to transport up to 3.25 billion cubic feet per day. ETP has secured capacity commitments from producers who hold significant acreage positions in the Utica and Marcellus Shales and has been in negotiations with numerous other shippers who have expressed a desire to contract for capacity in the Open Season. The three largest shippers on the project are American Energy – Utica, LLC, Antero Resources Corporation (AR) and Range Resources Corporation (RRC). American Energy and Antero Resources both have options to purchase non-operating equity interests in the project. The first approximately 400 miles of the project will enable the flow of gas from processing plants and interconnections in Pennsylvania, West Virginia and Ohio to points of interconnection with Energy Transfer’s existing Panhandle Eastern Pipe Line and another Midwest pipeline near Defiance, Ohio. Shippers in the ET Rover project also will be able to transport to Trunkline Zone 1A, delivery points via the interconnection with PEPL, to access existing and new industrial markets and potential liquefaction export markets in the Gulf Coast. Additionally, ETP expects to construct an approximately 195-mile segment from the Defiance area through Michigan and ultimately to the Union Gas Dawn Hub near Sarnia, Canada providing producers with access to diverse markets and end-users in Michigan and Canada with access to Marcellus and Utica supplies. Energy Transfer has received sufficient commitments and Board Approval to build the pipeline to Defiance and anticipates receiving sufficient volumes to justify building to Dawn.
News For ETP;ETE;AR;RRC From The Last 14 Days
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May 28, 2015
17:04 EDTETEEnergy Transfer Equity announces two-for-one unit split
Energy Transfer Equity announced a two-for-one split of the partnership’s outstanding common units. The Unit Split will be effected by a distribution of one common unit for each common unit outstanding and held by unitholders of record at the close of business on July 15. The Unit Split is expected to be completed on July 24. Following completion of the Unit Split, the Partnership expects to have 1,078,468,046 common units outstanding. The Partnership’s distribution levels will be adjusted proportionately.
May 20, 2015
17:37 EDTARAntero Resources backs FY15 net daily production 1.4 Bcfe/d
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May 19, 2015
09:58 EDTETE, ETPOn The Fly: Analyst Initiation Summary
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May 18, 2015
16:26 EDTETPEnergy Transfer Partners initiated with a Buy at Deutsche Bank
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16:26 EDTETEEnergy Transfer Equity initiated with a Buy at Deutsche Bank
Target $95.
10:01 EDTRRCOn The Fly: Analyst Downgrade Summary
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06:42 EDTRRCRange Resources downgraded to Neutral from Conviction Buy at Goldman
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May 15, 2015
10:55 EDTETEJANA Partners gives quarterly update on stakes
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