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April 28, 2014
08:07 EDTWPZWilliams makes plans to bring Opal facility back in service after fire
Williams Partners is deploying safety measures and performing initial assessment of damage in a small area of one of the five plants on its 160-acre Opal, Wyoming., gas-processing facility that was directly affected by a fire last week. In coordination with regulatory agencies, the company is assessing damage and developing preliminary plans to bring the other four plants back into service in a safe, systematic and timely manner. The capacity of the four undamaged plants totals 1.1B cubic feet of gas per day, which is sufficient to handle all of the natural gas currently available to the facility. The facility has been shut down since the incident occurred on April 23. There were no reported injuries or damage to property outside the facility. The plantís emergency procedures performed as designed. Although the company has not yet made a full assessment of all plant equipment, the initial visual assessment of damage indicates that the impact was largely limited to a small area of the TXP-3 unit. At the time of the incident, it was one of the four units the plant had running to handle recent daily inlet volumes of approximately 1B cubic feet of natural gas. The fifth unit was idle, serving as excess capacity for the facility. Information from the companyís visual inspection of the damage area indicates that there was a release of natural gas that was subsequently ignited. The focus of the investigation will be on the cause of the release and source of ignition. Company personnel are inspecting the damaged equipment in cooperation with regulatory authorities. The company plans a detailed assessment of damage, followed by development of plans to address the damaged equipment.
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September 9, 2014
10:10 EDTWPZOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
07:08 EDTWPZWilliams Partners initiated with a Market Perform at BMO Capital
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