Friday, November 29, 2024
DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion - oil and gas 360

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

Source: Reuters DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash. DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural Resources. DTE Energy has looked to expand into natural gas pipelines and storage, which provides steady cash flows even during

DTE Energy Names Board Member

From PR Newswire Williams served as the Assurance Services Managing Partner for Ernst & Young LLP’s Southwest Region until 2016. In this role, she had responsibility for a $500 million audit practice encompassing nine states, 14 offices and 1,200 employees. Williams has more than 35 years of audit and public accounting experience, serving numerous global and multi-location companies, primarily in the energy

DTE to Put $1-$1.5 Billion of New NatGas Generation in Place of Coal

After announcing $1.3 billion Marcellus/Utica midstream purchase, DTE says it will replace coal with 1 Gigawatt of NatGas Capacity Michigan’s DTE Energy (ticker: DTE) is making good on its dive into natural gas. Last Monday the company announced a $1.3 billion gas infrastructure buy in the Marcellus and Utica, followed Wednesday with the announcement of an equity offering to pay for the