XTO: Cross Timbers Oil Co. Message Board

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Gold/Mining/Energy : XTO: Cross Timbers Oil Co.

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From: JakeStraw	7/6/2005 8:23:50 AM
	of 28

XTO signs 10-year pact to send energy via ETP pipelines By Robert Daniel NEW YORK (MarketWatch) -- Energy Transfer Partners LP, (ETP: news, chart, profile) the Dallas energy-transportation and -storage company, said it signed a 10-year agreement with XTO Energy Inc., (XTO) the Fort Worth, Texas, oil and gas producer. In the deal, XTO Energy agreed to transport minimum annual volumes and may ship additional volumes under similar terms. This project includes ETP's Texas pipeline from Bethel to Texoma as well as construction of additional pipelines. ETP, which also markets propane at retail, said it now plans to spend $454 million to build 264 miles of 30-inch, 36-inch and 42-inch pipelines while adding 40,000 horsepower of compression.

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