Energy Cos. Ask FERC To Deny $32M Gulf Gas Facilities Sale

Law360, New York (August 31, 2012, 1:58 PM EDT) -- A host of energy heavyweights on Wednesday asked the Federal Energy Regulatory Commission to deny Kinetica Energy Express LLC’s $32 million bid to buy Gulf of Mexico natural gas processing and transportation infrastructure from Tennessee Gas Pipeline Co., saying the deal threatens long-term Gulf gas production.

According to the protest, filed by three Anadarko Petroleum Corp. units, two BP PLC units, Apache Corp., Chevron USA Inc., ConocoPhillips Co. and ExxonMobil Gas & Power Marketing Co., TGPC’s proposed sale by abandonment of the facilities — 1,362 miles...
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