Today, Kinder Morgan Energy Partners, LP and Copano Energy, LLC announced that they have entered into a letter of intent for a 50/50 joint venture to provide gathering, transportation and processing service to natural gas producers in the Eagle Ford Shale resource play in south Texas.
In its first phase, the joint venture will construct a roughly 22-mile, 24-inch natural gas gathering pipeline and will enter into new commercial arrangements with Kinder Morgan and Copano Energy. Originating in LaSalle County, Texas, and terminating in Duval County, Texas, the natural gas pipeline will have an initial capacity of 350 million cubic feet per day and is expected to be completed in mid-year 2010.
Also announced this week was Recovery Energy’s acquisition of three wells in Colorado.
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