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Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston

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and Energy Transfer Partners, L.P. have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. Over the past three months, Cushing crude oil (West Texas Intermediate) has been trading at an average discount of approximately $12.57 per barrel and $10.54

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DOE to award up to $12.4M to 11 projects focused on shale gas and enhanced oil recovery

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The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has selected 11 research projects that will help find ways to extract more energy from unconventional oil and gas resources while reducing environmental risks for awards totalling $12.4 The selections include $10.3 The selections include $10.3

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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

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(KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

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