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Latest El Paso, Texas Stories

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...

2008-08-20 21:00:22

By Jerry McDowell EUREKA - The Woodford County Board voted 10-3 to approve the El Paso wind farm project after stipulating that six towers within 1 miles of the city be removed. The vote followed news Monday that Navitas Energy of Minneapolis had reached agreements with three El Paso area townships for road maintenance. Voting against the project were Thomas Evans of Roanoke, Stanley Glazier of Congerville and Peter Lambie of East Peoria. Thomas Janssen of Minonk proposed the...

2008-08-20 18:00:46

El Paso Pipeline Partners, L.P. (NYSE: EPB) has scheduled a live webcast at 11:30 a.m. Eastern Time, 10:30 a.m. Central Time, on November 6, 2008, to discuss its third quarter 2008 financial and operational results. The webcast may be accessed online through the company's Web site at www.eppipelinepartners.com in the Investors section. Materials to be discussed during the webcast will be available in the Investors section of El Paso Pipeline Partners' Web site one hour prior to the webcast. A...

2008-08-06 09:00:55

El Paso Corporation (NYSE: EP) is reporting today second quarter 2008 financial and operational results for the company. Highlights: -- $0.25 earnings per diluted share from continuing operations versus $0.22 in 2007 -- $0.39 earnings per share after adjusting for production-related derivatives and other items impacting second quarter 2008 results versus $0.29 in 2007 -- Pipeline earnings before interest expense and taxes (EBIT) of $295 million -- Exploration &...

2008-08-06 03:00:29

By Daniel Borunda, El Paso Times, Texas Aug. 6--EL PASO -- Hamburger and hot dog grills were busy Tuesday evening as thousands of El Pasoans gathered to socialize at block parties in recognition of National Night Out. The event, which celebrated its 25th anniversary, is intended to be a show of neighborhood unity against crime. "The more community involvement we have, the less crime because it (a neighborhood) is not abandoned," said Julian Tarango, who with his wife, Michele, and...

2008-08-05 18:00:36

Tennessee Gas Pipeline Company ("Tennessee"), a wholly owned subsidiary of El Paso Corporation (NYSE: EP), today announced the results of a binding open season for its 300 Line Expansion Project. Equitable Energy LLC, a subsidiary of Equitable Energy (NYSE: EQT), executed a binding precedent agreement for a 15-year term and was awarded 300,000 Dth/d, which represents 100 percent of the project's capacity. The project links Equitable's Appalachian production to northeast markets. The...