To: Paul Senior who wrote (45011 ) 10/17/2011 3:01:37 PM From: E_K_S Respond to I guess when Kinder Morgan finally spins off and sells these assets it will provide a better picture of the actual price paid. I wonder if they already have a buyer (or buyers) lined up. I did not realize they had such a big interest in Egypt and Brazil.El Paso’s exploration unit valued at $8 billion Kinder Morgan plans to sell off deal target’s oil and gas business marketwatch.com .Olsen’s estimated $8.1 billion sale price for El Paso’s exploration and production business will help Kinder Morgan reduce its debt. ”El Paso owns high-quality Eagle Ford, Haynesville, Altamont, and Wolfcamp acreage that many players in each basin would covet,” Olsen said.... Exploration and Production El Paso Corporation has both international and domestic oil and gas assets . In North America, it has positions in both the Haynesville and Eagle Ford Shale plays.I n the Haynesville Shale, El Paso has 40,000 net acres under lease , and exited 2009 producing 130 million cubic feet equivalent per day gross. The company plans 41 gross wells here in 2010, and will spend $248 million in capital.improvements as it has developed more and more of its acreage. The company has reduced the time to drill and complete from 106 to 53 days over the last 12 months, and has cut drilling costs from $11.6 million to $7.4 million over the same time frame.The Eagle Ford Shale is at an earlier stage of development for El Paso, where it has 132,000 net acres under lease n Brazil, El Paso has interests in three on shore basins, which contains 65 billion cubic feet equivalent of reserves. Petrobras (NYSE: PBR ) announced two successful oil wells in the Potiguar Basin, where El Paso has a field, in early 2009.n Egypt, El Paso has 1.5 million acres to explore in three different blocks. barrels oil equivalent (BOE) per day as of the third quarter of 2009.
