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Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
The Dallas-based pipeline company said Thomas Long would succeed Jamie Welch as CFO.
In a letter to the Pipeline and Hazardous Materials Safety Administration on Monday, Central Arkansas Water said Exxon Mobil doesn’t understand the weight of the situation.
The deals would carve off parts of the planned $2 billion Elba Island liquefied natural gas facility and the $1.1 billion Palmetto refined products pipeline.
The National Energy Board has come under fire recently as it grapples with about $18 billion in new proposed, controversial pipelines carrying oil sands crude.
The new Kinder Morgan is a safer, more financially conservative company than it was last week.
The steady dividend has been Kinder Morgan’s hallmark since it went public in February 2011.
Beijing-based PetroChina’s board approved a plan to sell a 50 percent stake in Trans-Asia Gas Pipeline Co. to a unit of state-owned China Reform Holdings Corp.
The postponement is a surprising reversal from last week, when the Houston-based producers said it hoped to raise at least $237.5 million.