article thumbnail

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

Green Car Congress

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.

El Paso 225
article thumbnail

Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

Green Car Congress

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

El Paso 225
article thumbnail

Electric vehicles are inflation relief

Electric Auto Association

has been experiencing severe inflation and high gas prices. EV’s may be the answer Electric vehicles (EVs) are becoming increasingly popular as gas prices continue to rise. A “Consumer Reports” study stated that EV owners spent approximately 60 percent less on fuel each year than gas vehicle owners. It's no secret that the U.S.

El Paso 84
article thumbnail

UTEP Awarded Nearly $1.3M for 4 DOE Projects On Engine and Turbine Efficiency and CO2 Capture

Green Car Congress

The Department of Energy (DOE) recently awarded The University of Texas at El Paso grants totaling nearly $1.3 The DOE also awarded $200,000 to support a project for which Ramana will develop nanostructured sensors designed to detect low levels of toxic hydrogen sulfide gas in advanced power systems. Ramana, Ph.D.,

El Paso 170
article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. Jonathan’s other professional experience includes working for local governments, start-ups, and institutions of higher learning in the El Paso-Las Cruces region.

article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. Jonathan’s other professional experience includes working for local governments, start-ups, and institutions of higher learning in the El Paso-Las Cruces region.