Thursday, January 20, 2011

Copano, Energy Transfer form joint venture for NGL deliveries In Texas

Copano Energy LLC (Nasdaq: CPNO) and Energy Transfer Partners LP (NYSE: ETP) have formed a joint venture and agreed to spend a combined $52 million to construct an 83-mile pipeline to deliver Copano's natural-gas liquids to a Texas refiner.

Copano President and Chief Executive R. Bruce Northcutt said the venture will support the Houston-based company's production growth in the Eagle Ford Shale. The natural-gas gathering and transmission company has operations in Oklahoma, Texas, Wyoming and Louisiana.

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