Duke Energy completes acquisition of ConocoPhillips' interest in Empress System
Offshore staff
Duke Energy completed its acquisition of ConocoPhillips' interest in the Empress System for $230 million. The assets will be transferred into Duke Energy Gas Transmission's western Canadian operations.
Envisioned as part of a restructuring of Duke Energy's and ConocoPhillips' ownership interest in Duke Energy Field Services LLC, the transfer of the Empress assets delayed pending damage repairs to the asset from a windstorm.
The Empress System assets include natural gas liquids extraction and fractionation facilities in Alberta and related liquids transportation and storage operations.
08/03/05