Dallas-based energy giant Energy Transfer is expanding its massive natural gas network with a purchase valued north of $3 billion.
Activists picket outside the corporate offices of Energy Transfer Partners, the Dallas company building the controversial Dakota Access pipeline in North Dakota, on Tuesday, Nov. 1, 2016, in Dallas.
The company will acquire WTG Midstream, a privately held Midland-based organization that specializes in gas processing and gathering. The deal will addto Energy Transfer’s more than 125,000 miles of energy infrastructure, and expand the company’s natural gas pipeline and processing network in the Permian Basin., which manages most of the state’s grid, came from natural gas-fired generation.
ERCOT officials said that the primary cause of outages appeared to be the state’s natural gas providers The transaction between Energy Transfer and WTG Midstream is expected to close in the third quarter this year, subject to regulatory approval and customary closing conditions, per a press release.Ex-Pioneer CEO says FTC wrongly vilified him over Exxon deal
Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices., Business Reporter. Uma Bhat covers business news. She is a rising senior at the University of North Carolina at Chapel Hill.
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