Wednesday, September 5, 2012

For Investors Only -- From Yahoo-InPlay -- TransCanada Submits New Plan for Keystone XL 2.0 Connector (275 Mile Link)

Disclaimer: this is not an investment site.

Enbridge Energy commenced underwritten public offering of ~14 mln of its Class A Common Units: Co expects to use the net proceeds from the offering, including the proceeds from any exercise of the over-allotment option, to fund a portion of its capital expansion projects, for general partnership purposes or any combination of such purposes.

QEP Resources announces pricing of $650 mln of 5.25% senior notes due 2023. The notes are being offered to fund a portion of the consideration to acquire producing and undeveloped oil and gas properties in North Dakota's Williams and McKenzie counties. The oil and gas properties will be acquired pursuant to two related purchase and sale agreements.

TransCanada submits Supplemental Environmental Report to the Nebraska Department of Environmental Quality for the preferred alternative route for the Keystone XL Pipeline in Nebraska: Today's filing respects the NDEQ's timelines and the overall regulatory process for determining a re-route in Nebraska, as requested by the U.S. Department of State in November 2011. The preferred alternative route and additional information presented in the SER addresses feedback from over 670 Nebraskans who took part in open house discussions, hundreds of additional comments submitted to the Nebraska DEQ and direct conversations with landowners along the pipeline corridor. The route covers approximately 210 miles of the Keystone XL route in Nebraska and increases the length of the pipeline in the state by 20 miles to a new total length of approximately 275 miles. The Nebraska DEQ and other state and federal agencies developed a map that accurately defines the Sandhills region. The re-route respects this map and avoids the Sandhills area. The route included in the SER crosses fewer miles of threatened and endangered species habitat, fewer streams and rivers and considerably fewer miles of severely wind erodible soils. Also, two wellhead protection areas have been avoided. In addition to submitting the SER to the Nebraska DEQ, TransCanada will provide an environmental report to the DOS on September 7, 2012. The environmental report is required as part of the DOS review of the company's Presidential Permit application. Keystone XL will be the safest pipeline built in America.

SM Energy provides update on operated Eagle Ford production; announces increase in borrowing base: Co announced that net production from the Company's operated Eagle Ford shale program averaged 230 MMCFE/d in July 2012. For the second quarter of 2012, net production in this program averaged 207 MMCFE/d. SM Energy also announces that it is currently starting up additional tank batteries to allow for continued production growth in its operated Eagle Ford shale program.

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