MasTec to acquire Precision Pipeline, LLC

CORAL GABLES, Fla. - MasTec, Inc. on Nov. 3 announced that it has signed a definitive agreement to acquire Precision Pipeline, LLC, a leading natural gas, crude oil and refined products transmission pipeline infrastructure services provider in North America for a purchase consideration of $150 million.
The transaction is contingent on financing availability on terms and conditions acceptable to MasTec, in its sole discretion, and there is no break-up fee if such financing is not available.
Based in Eau Claire, Wis., Precision specializes in the construction and maintenance of large-diameter pipelines. Precision's experience in the long-haul, interstate pipeline industry will complement MasTec's existing energy infrastructure service offerings, which include natural gas gathering systems, processing plants and compression stations and mid-stream pipelines.
Precision employs a team of skilled unionized workers and tradesmen which it deploys throughout North America and utilizes a significant pool of specialized
pipeline construction equipment.
With the acquisition of Precision, MasTec will become one of the leading pipeline contractors in the country, capable of providing a full array of construction services to oil and gas producers, as well as mid-stream and interstate pipeline operators.

Duncan, Enterprise Partners expanding Louisiana intrastate system

HOUSTON - Enterprise Products Partners and Duncan Energy Partners have announced plans to expand their Louisiana intrastate natural gas pipeline system.
The system, operated by Acadian Gas LLC, a joint venture of the Partners, is being extended into northwest Louisiana to bring gas from Haynesville Shale deposits to regional customers.
The Haynesville Extension will have a design capacity to deliver 1.4 billion cubic feet per day through a 249-mile pipeline connecting existing infrastructure to the affiliated Cypress gas pipeline. The expansion will provide producers in the Haynesville shale access to nine interstate pipelines - Florida Gas, Texas Eastern, Transco, Sonat, Columbia Gulf, Trunkline, ANR, Tennessee Gas.
Enterprise says the extension provides natural gas shippers advantages in terms of price while diversifying the gas sector in the south Louisiana market. For producers, the company said, the extension offers more options for transactions with their end users.
"The expansion of the Acadian system provides our partnership with another major foothold in a significant non-conventional natural gas producing area," said Michael A. Creel, president and chief executive officer of Enterprise.
The service date for the expansion is September 2011.
The Haynesville Extension will be able to transport 1.4 bcfd through 249 miles of 36-in. and 30-in. OD pipeline connecting to both Acadian’s system and its affiliated Cypress Gas Pipeline.