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Slide #86. Regency Energy Partners LP — Southern Union Gathering Company, LLC
Regency Energy Partners LP (RGP)
Southern Union Gathering Company, LLC
Regency Energy Partners LP (NYSE:,RGP) today announced it will acquire Southern Union Gathering Company, LLC, the owner of Southern Union Gas Services, Ltd. (SUGS), from Southern Union Company, a jointly owned affiliate of Energy Transfer Equity, L.P. (NYSE:ETE) and Energy Transfer Partners, L.P. (NYSE:ETP). The $1.5 billion acquisition will significantly expand Regency's presence in one of the most productive oil and liquids-rich basins in North America, the Permian Basin. The acquisition is expected to close in the second quarter of 2013, subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.
Regency Energy Partners is engaged in the gathering and processing, compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs). Co.'s segments include: Gathering and Processing, which provides wellhead-to-market services to producers of natural gas; Natural Gas Transportation, which owns pipelines that deliver natural gas; NGL Services, which has interest in midstream energy assets including NGL pipelines, storage, fractionation and processing facilities; and Contract Services, which owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems.
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Buy (2.56 out of 4)
(ranked lower than approx. 64% of all stocks covered)
Based on Zacks ABR data;
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