el paso to sell oasis pipeline ownership note : the buyer of the el paso interest in oasis has not been announced . a
consent agreement has been filed with the
ftc and state of texas tennesse pipeline as part of the normal review process
prior to final approval for the pg & e texas
assets formally owned by valero and teco . tennessee had a note in their 3 rd
quarter 10 - q on el paso possibly putting
some of the pg & e texas acquired properties in their mlp . they also indicated
they had put their crystal storage in the mlp .
el paso to sell oasis pipe stake
el paso energy corp . will sell its 35 % stake in oasis pipe line , a 1 bcf / d
line in texas , according to a disclosure in a securities filing made last
week . el paso said that the sale , which was negotiated in october , would
result in a $ 20 million loss .
the 36 - inch intrastate gas line runs 608 miles from the west texas waha
market to the katy hub outside of houston . the pipeline provides a link
between el paso natural gas and tennessee gas pipeline , and is the principal
route for permian basin supplies to access the houston ship channel .
oasis completed a substantial upgrade in 1998 , installing 9 , 400 horsepower of
compression , and new interconnects to increase deliveries to eastern markets .
dow hydrocarbons and aquila energy , a unit of utilicorp united , also own
stakes in the line . along with its 35 % ownership , aquila also has firm
transport rights on 280 , 000 mcf / d .
before el paso ' s sale is complete , it still needs approvals from the federal
trade commission and the texas attorney general .
el paso to sell oasis pipeline ownership
note : the buyer of the el paso interest in oasis has not been announced . a
consent agreement has been filed with the
ftc and state of texas tennesse pipeline as part of the normal review process
prior to final approval for the pg & e texas
assets formally owned by valero and teco . tennessee had a note in their 3 rd
quarter 10 - q on el paso possibly putting
some of the pg & e texas acquired properties in their mlp . they also indicated
they had put their crystal storage in the mlp .
el paso to sell oasis pipe stake
el paso energy corp . will sell its 35 % stake in oasis pipe line , a 1 bcf / d
line in texas , according to a disclosure in a securities filing made last
week . el paso said that the sale , which was negotiated in october , would
result in a $ 20 million loss .
the 36 - inch intrastate gas line runs 608 miles from the west texas waha
market to the katy hub outside of houston . the pipeline provides a link
between el paso natural gas and tennessee gas pipeline , and is the principal
route for permian basin supplies to access the houston ship channel .
oasis completed a substantial upgrade in 1998 , installing 9 , 400 horsepower of
compression , and new interconnects to increase deliveries to eastern markets .
dow hydrocarbons and aquila energy , a unit of utilicorp united , also own
stakes in the line . along with its 35 % ownership , aquila also has firm
transport rights on 280 , 000 mcf / d .
before el paso ' s sale is complete , it still needs approvals from the federal
trade commission and the texas attorney general .