Duncan Energy Partners Increases Cash Distribution Rate and Announces Schedule K-1 Availability

Duncan Energy Partners L.P. today announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.455 per common unit, or $1.82 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record at the close of... 

Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

Crosstex Completes Sale of Seminole Gas Processing Plant and Another Asset for $105.0 Million; Amends Debt Covenants

Crosstex Energy, L.P. announced that it continues to execute its near-term operating strategy to increase liquidity, reduce leverage and improve profitability. The Partnership has completed the sale of its undivided 12.4 percent interest in the Seminole gas processing plant to plant operator Hess Corporation for $85.0 million. In addition to the Seminole... 

Williams Exploring Changes in Company Structure to Enhance Shareholder Value

Williams announced that its management and board of directors are evaluating a variety of structural changes in the company to enhance shareholder value. The company expects to announce a specific direction in the first quarter next year. Among the potential changes is the separation of one or more of the company’s principal business units. Williams’... 

Spectra Energy’s Pine River Phase III Project Comes Into Service

Spectra Energy has successfully completed expansion of its natural gas gathering system in the Grizzly Valley area of northeastern British Columbia (BC). The project represents the third phase of expansion connected to the Pine River Processing Plant, near Chetwynd, BC, and includes 17 kilometers of new pipeline (parallel to existing lines), an additional... 

Atlas Pipeline Partners, L.P. Appoints Eugene N. Dubay to Board of Directors

Atlas Pipeline Partners, L.P. announced that it has appointed Eugene N. Dubay as an independent member of the Board of Directors. Mr. Dubay has been a Senior Vice President and Chief Operating Officer of Continental Energy Systems (formerly SEMCO Energy) since 2003. Prior to joining Continental Energy, he held executive level positions at ONEOK, Inc... 

Ferus announces new northern CO(2) facility

Ferus Inc. is pleased to announce that it is constructing a new state-of-the-art carbon dioxide (“CO(2)”) liquefaction plant in Fort Saskatchewan, Alberta. The facility’s location in north-central Alberta will enable Ferus to efficiently deliver liquid CO(2) to developing energy resource plays in north-western Alberta and north-eastern... 

Spectra Energy Announces Senior Executive Team

Spectra Energy Corp announced the senior executive team who will lead the corporation following current president and chief executive officer (CEO) Fred Fowler’s retirement at the end of 2008. The company previously announced that in January 2009, Greg Ebel, currently chief financial officer (CFO) Spectra Energy, will succeed Fowler as president... 

Crosstex Energy Provides Operational Assessment of Texas and Louisiana Facilities after Hurricane Ike

Crosstex Energy, L.P. announced that the majority of its assets in Texas and Louisiana sustained minimal physical damage as a result of Hurricane Ike. Most of the Partnership’s facilities along the Gulf Coast are resuming or have resumed operations. However, the Sabine plant, because of its proximity to the Louisiana Gulf coast, sustained some damage...