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Permalink Reply by ALongview on January 29, 2010 at 11:38

I wonder if all of this will somehow tie together in the end:

HOUSTON, Nov. 19 /PRNewswire-FirstCall/ -- An indirect wholly-owned pipeline subsidiary of CenterPoint Energy, Inc. CNP and NextEra US Gas Assets, LLC, an affiliate of FPL Group, Inc. FPL, today announced that they have signed a joint development agreement to explore the construction of a pipeline in north Louisiana to transport natural gas from the expanding Haynesville Shale area. An upcoming open season will be held to gauge market interest in the proposed new pipeline.

The capacity of the potential new pipeline would be up to 2.0 billion cubic feet per day and would connect Haynesville Shale natural gas production to markets in north Louisiana and CenterPoint Energy's Perryville Hub.

"Gas production in north Louisiana, including the rapidly developing Haynesville Shale, remains robust and we are committed to finding a solution to assist producers with Haynesville and north Louisiana acreage to create another pipeline option for their production," said Greg Harper, senior vice president and group president of CenterPoint Energy's Pipeline Group.

Larry Wall, president of NextEra US Gas Assets, LLC, said, "We believe there is a tremendous need to enhance the existing infrastructure in the rapidly expanding Haynesville Shale area. We are pleased to be partnering on this project with CenterPoint Energy, a company with a proven track record of executing expansion projects in this area."

The specific facilities required will be a function of the location and volume commitment of potential shippers. Final pricing will be based on the facility costs, the level of firm commitments and the amount of interest indicated in accessing specific markets. It is expected that long-term pipeline capacity commitments will be necessary to complete this project.

Assuming adequate expressions of interest are received and management approval from both companies, a joint venture entity will be formed that would execute binding precedent agreements and seek necessary regulatory approvals to place the pipeline into service as quickly as possible. Each company would own an equal equity interest in the new pipeline. CenterPoint Energy's pipeline group would design and oversee construction, and ultimately operate the new pipeline.

About CenterPoint Energy
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total nearly $19 billion. With about 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years. For more information, visit the Web site at www.CenterPointEnergy.com.

About FPL Group
FPL Group, Inc. FPL is a leading clean energy company with 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. Headquartered in Juno Beach, Fla., FPL Group's principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, FPL Group collectively operates the third largest U.S. nuclear power generation fleet. For more information about FPL Group visit www.FPLGroup.com.

Permalink Reply by ALongview on January 27, 2010 at 12:08

om28v,
That is the hard part with private companies....they don't need to tell anybody the details of the deal.

Permalink Reply by om28v on January 27, 2010 at 12:17

They are public, ticker END, or is this someone else? Not any mention on their website @ 55% to B.A....JUST LOOKED MORE, THIS IS NOT THEM. So there are 2 Endeavors here, we must watch out for this.


HOUSTON, Jan. 6/PRNewswire-FirstCall/ --Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) announced today the acquisition of significant positions in four US resource plays, including the highly prospective Haynesville and Marcellus gas shale plays in North Louisiana/East Texas and Western Pennsylvania, respectively, and new frontier plays in Alabama and Montana.

Permalink Reply by ALongview on January 27, 2010 at 12:33

I looked up the Boulevard assignment and there was our lease....part of the list. I think it was probably just a money thing. In order to get the leasehold developed they need some deep pockets and maybe this company is it.

Permalink Reply by RBH on January 27, 2010 at 13:25

saw them in counties-shelby-nacogdoches-cherokee Endeavor Natural Gas/ENG Management llc and found website www.endeavornaturalgas.com

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