Killajoules

Kinder Morgan to Purchase El Paso for Approximately $38 Billion
Kinder Morgan, Inc. (NYSE: KMI) and El Paso Corporation (NYSE: EP) today announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. The total purchase price, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. (NYSE: EPB) is approximately $38 billion.

Enogex Announces Agreements to Acquire Pipeline Assets, New Acreage Dedications and Increased Processing Capacity
Enogex today announced that it signed agreements to acquire natural gas midstream pipeline assets with dedicated rights to gather and process production from a large acreage position located in the Granite Wash, Tonkawa and Marmaton plays of northwestern Oklahoma. The company also approved the further expansion of the new Wheeler County, Texas, processing plant and the construction of a new 200 million cubic feet per day (mmcf/d) processing plant.

Shell Pipeline Considers Expanded Pipeline System
Shell Pipeline Company LP is considering building a new pipeline segment to move crude from St. James, Louisiana to the Golden Triangle area of Texas (“Westward Ho”) thus expanding the system.

Chevron and Other Shareholders Sanction Caspian Pipeline Expansion
Chevron Corporation (NYSE:CVX) today announced that the shareholders and governing bodies of the Caspian Pipeline Consortium (CPC) have unanimously approved the $5.4 billion expansion of the Caspian pipeline. The capacity of the 900-mile (1500 km) pipeline, which carries crude oil from Western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 million barrels per day from its current capacity of 730,000 barrels per day.