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December 17, 2013
08:48 EDTKMP, NFGNational Fuel unit executes contracts on major pipeline expansions
National Fuel Gas Supply Corporation (NFG) as entered into contractual agreements for all of the available firm transportation capacity associated with its Northern Access 2015 and Westside Expansion and Modernization pipeline projects. Additionally, Seneca Resources Corporation, the wholly owned exploration and production subsidiary of National Fuel has executed an agreement which provides it with firm transportation for 158,000 dekatherms per day to move its Marcellus Shale natural gas production to markets in Canada. The Northern Access 2015 project is being constructed in conjunction with Tennessee Gas Pipeline Company’s Niagara Expansion Project, which is expected to begin service November 1, 2015. Together, these two projects will create a pipeline path for Marcellus Shale natural gas production in Pennsylvania to an interconnection with TransCanada’s pipeline at the Canadian border located near Niagara Falls, N.Y. Supply has entered into a binding precedent agreement to lease 140,000 Dth per day of firm transportation capacity for 15 years to TGP, a unit of Kinder Morgan Energy Partners, L.P. (KMP). Supply is expected to spend $67M on this project, which involves the construction of 23,000 horsepower of compression within its system.
News For NFG;KMP From The Last 14 Days
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April 16, 2014
18:26 EDTKMPKinder Morgan Energy reports Q1 EPS 67c, consensus 73c
Reports Q1 revenue $3.65B, consensus $3.41B.
16:13 EDTKMPKinder Morgan Energy raises distribution to $1.38 from $1.36
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15:17 EDTKMPNotable companies reporting after market close
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April 14, 2014
08:40 EDTKMPKinder Morgan's TGP awards 100% of capacity for Broad Run to Antero Resources
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April 11, 2014
07:18 EDTKMPHuntington Ingalls conducts study with Kinder Morgan
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