El Paso News

Kinder Morgan, Inc. has announced that it has completed its acquisition of El Paso Corp.

It engages in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids .

The deal was in advance of midstream giant Kinder Morgan Inc.'s acquisition of El Paso for $38 billion, announced in October and at which time Kinder Morgan announced its intent to divest the E&P assets out of that deal to offset the debt portion of that acquisition.

A leak on a natural gas pipeline in Mount Vernon, New York, has disrupted supplies to several utilities in the New York City area, according to utility company websites.

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Kinder Morgan Inc. has completed its acquisition of El Paso Corp. and raised its expectations for cost savings associated with the merger.

El Paso Corp said holders of 78 percent of its shares voted to receive stock and share warrants in the pipeline company's acquisition by rival Kinder Morgan Inc for $23 billion.

May 22 - Fitch Ratings has assigned a 'BB+' rating to Kinder Morgan, Inc.'s $11.8 billion secured credit facilities .

Lone Pine Capital LLC bought more than 25 million shares of El Paso Corp. in the first quarter, making the hedge fund one of the energy firm's biggest owners.

El Paso Corporation - SWOT Analysis company profile is the essential source for top-level company data and information.

The San Francisco company hired Soto from El Paso Corp., where he was vice president of operations services in the pipeline group, overseeing some 400 workers.

El Paso Pipeline announced it would acquire the remaining 14% interest in Colorado Interstate Gas and all of Cheyenne Plains Investment, which owns Cheyenne Plains Gas Pipeline from El Paso Corp for $635 million and assume about $242 million in debt.

Shares of Nucor move down a bit following late Thursday's announcement that it will purchase the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal for around $605 million.

Natural gas producer and pipeline operator El Paso Corp has joined the growing ranks of companies hoping to export the abundant fuel overseas, after filing an export license for its import terminal in Georgia.

Kinder Morgan Inc. will join the S&P 500 index after the close of trading on May 24, taking the place of El Paso Corp.

El Paso Pipeline Partners agrees to acquire Cheyenne Plains Pipeline and additional interest in Colorado Interstate Gas from El Paso Corp.

El Paso Pipeline Partners LP said it will acquire Cheyenne Plains Gas Pipeline Co LLC and the remaining interest in Colorado Interstate Gas LLC it does not already own from El Paso Corp for $635 million.

El Paso Corp. operates in the Oil & Gas Pipeline industry. I think this stock is overvalued by up to 61% or even more.

When Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon went on an oil and natural gas buying spree, Ralph Eads was the banker who found the money to fund it.

Lone Pine Capital LLC bought more than 25 million shares of El Paso Corp. in the first quarter, making the hedge fund one of the Houston-based company's biggest owners, Bloomberg reports.