Killajoules

Statement by the Honourable Joe Oliver, P.C., M.P., Minister of Natural Resources, on the Keystone XL Pipeline
The Honourable Joe Oliver, Minister of Natural Resources, today made the following statement in support of the Keystone XL pipeline:

Exterran to Receive Approximately $112 Million in Connection with Sale of Venezuelan Joint Venture Assets
Exterran Holdings, Inc. (NYSE:EXH) today announced that WilPro Energy Services (El Furrial) Limited and WilPro Energy Services (PIGAP II) Limited, the joint ventures owned by subsidiaries of Exterran and Williams (NYSE:WMB), have completed the sale of the El Furrial and PIGAP II assets to PDVSA Gas, S.A. in connection with the 2009 nationalization of those assets. After satisfying amounts owed to the WilPro joint ventures’ lenders and taking into account other closing adjustments, Exterran received an initial payment of approximately $37.6 million in cash at closing. The remaining amount of approximately $74.8 million due to Exterran is payable in periodic cash payments through the first quarter of 2016.

Williams Partners Announces $2.5 Billion Acquisition to Establish Major Footprint in Liquids-Rich Area of Marcellus Shale; Plans
Williams Partners L.P. (NSYE:WPZ) today announced it has agreed to acquire Caiman Energy's wholly owned subsidiary, Caiman Eastern Midstream LLC, for approximately $2.5 billion. The acquisition will provide Williams Partners with a significant footprint and growth potential in the natural gas liquids-rich portion of the Marcellus Shale.

Equity Acquisition in APT Allgas Energy Pty Ltd
Marubeni Corporation (Marubeni) is pleased to announce that it has agreed to acquire a 40% equity interest in APT Allgas Energy Pty Ltd (Allgas), a wholly owned subsidiary of the APA Group in Australia. RREEF Infrastructure (RREEF), a subsidiary of Deutsche Bank AG also acquired a 40% equity stake in Allgas, resulting in an Allgas equity structure of Marubeni 40%, RREEF 40%, and APA 20%.

Energy Transfer Equity Announces Southern Union Stockholders Approve Merger
Energy Transfer Equity, L.P. (NYSE:ETE) is pleased to announce that Southern Union Company (NYSE:SUG) stockholders voted overwhelmingly to approve the proposed merger with ETE at today's special meeting of Southern Union stockholders.

Encana agrees to sell two Cutbank Ridge natural gas processing plants for C$920 million
Encana Corporation (TSX & NYSE: ECA) has reached an agreement to sell two natural gas processing plants servicing the Cutbank Ridge area to Veresen Inc. (TSX: VSN) for approximately C$920 million. The sale includes Encana's 100 percent interest in its Steeprock plant in northeast British Columbia and its Hythe plant in northwest Alberta, along with compression and associated gathering pipelines.

BP Agrees to Sell Canadian Natural Gas Liquids Business to Plains Midstream Canada
BP announced today that it has agreed to sell its Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC (Plains Midstream), a wholly-owned subsidiary of Plains All American Pipeline, L.P. (NYSE:PAA). Plains Midstream will pay BP a total of US$1.67 billion in cash, subject to customary adjustments, for the business.

SemGroup Completes Contribution of SemStream Assets to NGL Energy Partners
SemGroup® Corporation (NYSE: SEMG) today announced that it has completed its contribution of the company's SemStream®, L.P. business into NGL Energy Partners LP (NYSE: NGL) in exchange for cash and equity interests. This transaction is intended to enhance SemGroup's investment in natural gas liquids, create additional opportunities for growth and strengthen SemGroup's financial profile through increased earnings.

Enterprise to Expand Natural Gas Pipeline and Processing Infrastructure in the Eagle Ford Shale
Enterprise Products Partners L.P. (NYSE: EPD) today announced several new construction projects that will extend and expand its natural gas and natural gas liquids ("NGL") infrastructure in South Texas to accommodate expected production growth from the Eagle Ford Shale play. As a result of additional demand from our Eagle Ford producing customers, along with the execution of new gathering and processing agreements, Enterprise will build an additional 300 million cubic feet per day ("MMcf/d") train at its Yoakum cryogenic natural gas processing facility in Lavaca County, Texas.

Genesis Energy Enters into Agreements to Acquire Interests in Gulf of Mexico Oil Pipelines, including Posiedon
Genesis Energy, L.P. (NYSE: GEL) announced today that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its 23% interest in the Eugene Island Pipeline System. Marathon Oil Company is a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO). The Poseidon and Odyssey interests are subject to the expiration or waiver of rights of first refusal, and Genesis is not obligated to consummate any transaction unless it is ultimately successful in acquiring the interest in Poseidon.