Quantcast

Latest El Paso, Texas Stories

2008-11-07 06:00:19

Midstream company El Paso has reported a net income of $445 million, $0.58 per diluted share, for the third quarter of 2008, compared to $155 million, or $0.20 per diluted share, for the same period of 2007. The company has reported operating revenues of $1.59 billion for the third quarter of 2008, compared to $1.16 billion for the same period of 2007. For the nine months ended September 30, 2008, El Paso has reported a net income of $855 million, or $1.12 per diluted share, compared to...

2008-11-05 18:00:19

El Paso Corporation (NYSE: EP) today announced a capital plan for 2009 that is designed to provide the company with adequate liquidity to meet its debt maturities and other on-going obligations while enabling El Paso to fulfill its pipeline growth program and preserve its inventory of exploration and production opportunities. "El Paso is well-positioned to meet the current credit market challenges while continuing to execute on the core elements of our business plan," said Doug Foshee,...

2008-10-21 15:00:25

El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that the Board of Directors of its general partner has declared a quarterly cash distribution of $0.3000 per unit for the third quarter of 2008, up 1.7 percent from $0.2950 paid for the second quarter 2008. The distribution will be paid November 14, 2008 on all outstanding common and subordinated units to holders of record as of the close of business on October 31, 2008. "El Paso Pipeline Partners continues to make excellent...

2008-10-09 15:00:33

The average price of a gallon of regular unleaded gasoline fell by more than 22 cents in Texas during the past week, according to the AAA Texas Weekend Gas Watch. The state average of $3.280 is about twelve cents lower than the national average, which also decreased more than nineteen cents to $3.403. In Houston, gas prices are averaging $3.268, down 18 cents from last week and still below the national and state averages. Dallas is reporting a price of $3.355 a gallon, a decrease of 21...

2008-10-06 12:00:36

Brent Smolik, president of the El Paso Corporation's (NYSE: EP) Exploration and Production Company, will present tomorrow at the IPAA OGIS Conference in San Francisco. The presentation will begin at 8:50 a.m. PDT, 10:50 a.m. CDT with an audio webcast available on the Investors page of El Paso's Web site at www.elpaso.com. Presentation slides will be available prior to the presentation also on the Investors page of the company's Web site. El Paso Corporation provides natural gas and related...

2008-10-03 18:00:29

El Paso Corporation (NYSE: EP) is providing an update on the effects of Hurricane Ike on its Gulf of Mexico and onshore production. Gulf of Mexico/S. Louisiana El Paso's net production in the Gulf of Mexico and S. Louisiana areas, which totaled 125 million cubic feet equivalent per day (MMcfe/d) before production was shut in for Hurricane Ike, currently totals 30 MMcfe/d. While most of the 27 operated-platforms received only minor damage, two structures in the Eugene Island area, that...

2008-10-03 12:00:22

Retail gasoline prices throughout New Mexico have decreased for the second week in a row, according to AAA New Mexico Weekend Gas Watch. The current state average is $3.543 a gallon for regular unleaded, down more than 6 cents since last week. Nationally, the average price for a gallon is $3.576, which is more than 79 cents from prices this time last year. "Residents of New Mexico traveling to neighboring states this weekend will see gas for $3.63 in Flagstaff and Denver reports $3.47,"...

2008-10-03 09:00:33

El Paso Pipeline Partners has acquired an additional 30% interest in Colorado Interstate Gas Company and an additional 15% interest in Southern Natural Gas Company from El Paso Corporation for $736 million. El Paso Pipeline Partners now owns a 40% interest in the Colorado Interstate Gas Company (CIG) and a 25% interest in the Southern Natural Gas Company (SNG). The transaction was financed with $250 million of debt, and the issuance of approximately 27.8 million common units....

2008-10-01 12:00:27

El Paso Pipeline Partners, L.P. (NYSE: EPB) announced today it has completed the previously announced acquisition of an additional 30-percent interest in Colorado Interstate Gas Company (CIG) and an additional 15-percent interest in Southern Natural Gas Company (SNG) from El Paso Corporation (NYSE: EP) for $736 million. El Paso Pipeline Partners now owns a 40-percent interest in CIG and a 25-percent interest in SNG. The transaction was financed with $250 million of debt, and the issuance...

2008-09-18 12:00:35

El Paso Pipeline Partners has agreed to acquire an additional 30% interest in the Colorado Interstate Gas Company and an additional 15% interest in the Southern Natural Gas Company from El Paso Corporation for $736 million. The acquisition will increase El Paso Pipeline Partners's interest in the Colorado Interstate Gas Company (CIG) to 40% and its interest in the Southern Natural Gas Company (SNG) to 25%. In conjunction with the acquisition, El Paso Pipeline Partners has announced an...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
Related