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Atlas Pipeline Partners, L.P. Announces Significant Expansion at WestTX Facility
Atlas Pipeline Partners, L.P. (NYSE: APL) (“APL”, “Atlas Pipeline”, or the “Partnership”) today announced plans to construct a new 200 MMCFD cryogenic processing plant to accommodate rapidly increasing Permian production. The new facility, to be known as the Driver plant, will be constructed in two phases, with the first phase involving construction of plant and associated compression to process 100 MMCFD, expected to be in service in the first quarter of 2013. The second phase, involving placement of additional compression and refrigeration equipment to increase the plant’s capacity to 200 MMCFD, is scheduled to be operational in the first quarter of 2015. The Partnership expects cash flows from the expansion to materialize in meaningful amounts during the second half of 2013.

date.png17 Nov 2011 07:42 | comments.png 0 Comments | tags.png atlas ngl pipeline usa [ More ]

Chevron Announces Agreement to Acquire Atlas Energy
Chevron Corporation (NYSE:CVX) and Atlas Energy, Inc. (NASDAQ:ATLS) announced today that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania's Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance.

date.png09 Nov 2010 14:56 | comments.png 0 Comments | tags.png atlas chevron deals shale usa [ More ]
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