Energy Transfer Partners to acquire Regency Energy
Monday, January 26, 2015
Dallas-based Energy Transfer Partners LP has plans to buy a pipeline company that it controls, Regency Energy Partners LP. Bloomberg Businessweek reports that this business acquisition will make Energy Transfer the second-largest master-limited partnership.
Recently, Regency decided that it needed more diversification in order to continue growing. Energy Transfer already owns about 22 percent of Regency through publicly traded units. Regency is estimated to be worth $11 billion.
Altogether, Energy Transfer’s companies own about 71,000 miles of pipeline. In the near future, Energy Transfer intends to become more active in the Marcellus Shale.
Via: Bloomberg Businessweek > Energy Transfer to Buy Regency Energy in $11 Billion Deal
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.