|
|
News Breaks | | | | October 31, 2012 | | 08:09 EDT |  | SE, PSX | Spectra Energy to acquire interest in Sands Hills, Southern Hills pipelines
Spectra Energy (SE) announced it has reached an agreement in principle to acquire a one-third interest in the Sand Hills and Southern Hills pipelines, both of which currently are under construction by DCP Midstream, a 50/50 joint venture between Spectra Energy and Phillips 66 (PSX). The transaction is expected to close by the end of November. Upon closing, Spectra Energy, Phillips 66, and DCP Midstream each will own a one-third interest in the two pipelines - and will equally fund the remaining capital expenditures through completion of the pipelines. The aggregate investment by Spectra Energy in the two pipeline projects is expected to be between $700M-800M. Southern Hills will provide 150,000 barrels per day, expandable to 175,000, of NGL transportation from the Mid-Continent to Mont Belvieu, and has a targeted in-service date of mid-2013. | |
|
News For SE;PSX From The Last 14 Days Check below for free stories on SE;PSX the last two weeks. |
|
|
| May 15, 2013 | | 17:18 EDT | | PSX | BP Capital gives quarterly update on stakes
 Subscribe for More Information | | | 08:55 EDT |  | PSX | Phillips 66 management to meet with UBS
Subscribe for More Information | | | May 6, 2013 | | 07:32 EDT | | SE | Citigroup to host events at AGA Financial Forum
Citigroup Events at the AGA Financial Forum are being held in Naples, Florida on May 5-7. | | | 07:26 EDT | | SE | American Gas Association to host a forum
AGA Financial Forum is being held in Naples, Florida on May 5-7. | |
|
|
|
|
|
|
