Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Pipelines remain the key aspect of moving those supplies to market. Today, El Paso Corp. (NYSE; EP) reported that it swung to a second-quarter profit thanks to strength in its pipeline business. El Paso posted a profit of $150 million, up from a year-ago loss of $238 million.

El Paso Corporation (El Paso) is an energy company that provides natural gas and related energy products. The Company owns North America's interstate pipeline system, which has approximately 55,500 miles of pipe that connect North America's producing basins to its consuming markets. It also owns approximately 420 billion cubic feet of storage capacity and a liquefied natural gas import facility with 806 million cubic feet of daily base load send out capacity. El Paso's exploration and production business is focused on the exploration for and the acquisition, development and production of natural gas, oil and natural gas liquids in the United States and Brazil and related marketing activities. As of December 31, 2005, it held an estimated 2.4 trillion cubic feet of natural gas equivalents of proved natural gas and oil reserves in the United States and Brazil. It operates in five business segments: Pipelines, Exploration and Production, Marketing and Trading, Power, and Field Services.
Print the post Back To Top
No. of Recommendations: 0
Forgot to post the link to the info in the bottom half of that post:
Print the post Back To Top