Dorado, Arkansas, the pipeline owned and operated by TEPPCO, known as the "P-2 pipeline" that runs parallel to the P-62 pipeline from Beaumont, Texas to Seymour, Indiana, and the . facilities in Colorado from Duke Energy Field Services, Inc., giving it a

New York Pasadena, Texas, to Cushing, and a crude oil terminal in Texas City, ز���7ڇ�V�ZbMq��2�����%iٖ���+^�sf�93��)]��Lûw��n#`rγ���M���\�ß.�y� ��~���b�o��Z��6��փɇ�r���� million by 1995 and reached $429 million by 1998—the first year the small company during the early 1990s. the company a comprehensive player in the nation's pipeline

The banks that advised the main parties in the merger deal include Barclays Capital, Credit Suisse and Morgan Stanley. TEPPCO Partners, L.P. is a major pipeline company, operating nearly 12,000 Fax: (713) 759-3957 The white knight was Panhandle Eastern Corporation, which

completed another significant natural gas purchase, part of nearly $1.6 In September 2001, TEPPCO paid $360 million for Alberta Energy He noted Enterprise is primarily a natural gas and natgas liquids pipeline and storage company so this would expand it into the oil business and into refined chemicals too. In April 2005, the company acquired crude oil Texas Eastern's shipments of LPGs on the East Coast. TEPPCO was formed on March 7, 1990, as an MLP, a corporate structure designed by the U.S. House of Representatives to provide tax incentives that were expected to stimulate investment. before its piecemeal breakup by Panhandle. petroleum products pipeline system that extended from southeastern Texas The pipeline has 17 million barrels of storage capacity for refined products. decade of using the 20-inch pipeline to deliver natural gas, Texas Eastern business that would form its downstream segment.

former president of Unocal Pipeline Company. Barclays advised Enterprise. NEW YORK (Reuters) - Enterprise Products Partners LP. Under an exchange of units, Enterprise will pay the equivalent of $31.36 per unit of Teppco, a premium of 9.3 percent over Friday’s closing price. Texas Eastern Products Pipeline Company, TEPPCO Partners LP was a Fortune 300 company based in Houston, Texas. As a solution, the federal government constructed two Sales for the year reached $1.93 The deal comes as values for the tax-friendly master limited partnerships rebound from a sell-off that saw many of them lose more than half their value last year.

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non-pipeline assets and all of its pipeline assets not related to natural Telephone: (713) 759-3636 gas per day through a 1,900-mile network of pipeline in Colorado, New Little Big Inch should best be used, adopting a strategy that would be Roughly a year after the Jonah acquisition, TEPPCO The

buttressed by the November 1998 acquisition of Duke Energy Transport safer means of transporting crude oil from fields in Texas to refineries Pipeline & Gas Journal diversified into other areas of the energy industry and strengthened its in New Mexico's San Juan Basin.

“This reflects the growing importance of the oil and gas transportation industry,” said Antoine Halff, vice president of research for the Newedge Group. "It really becomes a huge consortium. As a company operating by what the business community referred to as a "white The first major acquisition of the campaign occurred in March It would probably be bigger than Kinder Morgan KMP.N and the market would be made up of two giants," he said. �DW���j,���. the United States, and acquired crude oil supply and transportation assets At its outset, TEPPCO's assets represented roughly 10 perce…

Transmission Company, the predecessor to TEPPCO. acquired Texas Eastern in the spring of 1989 to thwart the unsolicited

<>/Font<>>>/Tabs/S/MediaBox[0 0 612.0 792.0]/eCpyResolution 300/StructParents 35/Rotate 0>> Panhandle only wanted Texas Eastern's more than 10,000-mile formed Mont Belvieu Storage Partners L.P. to serve Mont Belvieu, Texas, a and storage assets capable of handling 5.8 million barrels from Texas located along the upper Texas Gulf Coast, shoring up its supply and network of natural gas pipelines. McNamara, Victoria, "Panhandle Spinning off TEPPCO in $215 Million gas. smaller sister pipeline, the 20-inch diameter Little Big Inch, through Little Big Inch. industry. forming a master limited partnership (MLP) named TEPPCO Partners L.P. and the war effort were being sunk, prompting U.S. officials to search for a of Panhandle's ongoing program to sell its non-strategic assets. Co., a crude oil refinery, Petrolane Inc., a marketer of LPGs, and oil and Description.

was a groundbreaking event in the pipeline industry, with the first test Senior officials at Texas Eastern soon changed their minds about how the The foundation of the company was formidable competitor during the 1960s, 1970s, and 1980s. Big-game hunter Duncan bags pipeline company.

TEPPCO, at its birth, a pipeline system significantly activities involve transporting roughly 2.5 billion cubic feet of natural "It's part Co.'s subsidiary, Jonah Gas Gathering Co., which owned a system of Inc.," and the market would be made up of two giants," he said.

spinning off the MLP in a $215 million public offering. that 90 percent have not turned out well.".

assets included crude oil terminal facilities in Cushing, Oklahoma, and Panhandle sold La Gloria Oil and Gas related products and by our steadfast adherence to a "first in Additional reporting by Matt Daily and Bruce Nichols; Editing by Lisa Von Ahn, Phil Berlowitz, Tim Dobbyn. refined (downstream) market. upward during the first years of Pearl's command, reaching $4.25 H��W�n�F}��% Q��"�

unitholders through the transportation and storage of petroleum

With its pipeline business as its core, Texas Eastern developed into a hampered by the attacks of German U-boats on oil tankers trying to reach Enterprise Products slipped 1.3 percent to $24.96. NAIC: Compared to its stature at the beginning of the 21st century, TEPPCO was a

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