The man who heads the country’s biggest propane marketing company will step down on March 2. Eugene Bissell has led AmeriGas Propane Inc., the general partner of AmeriGas Partners LP, as CEO and president since being promoted 11 years ago. But in a statement last week the company confirmed Bissell, 58, would retire in less […]
One of the country’s propane majors has announced plans for another acquisition deal that would expand its reach and customer base into the lucrative New England region. Delaware-based NGL Energy Partners LP has signed an agreement with North American Propane Inc. (NAP) to acquire assets in Massachusetts, Maine, Connecticut, New Hampshire, Rhode Island, Pennsylvania, Delaware, […]
A landmark deal in which the country’s biggest propane retailer will double is customer base has won approval from the Federal Trade Commission (FTC), Bloomberg reports. AmeriGas Partners LP can proceed with its proposed $2.8 billion purchase of Energy Transfer Partners LP’s Heritage Propane, the commission announced last week. However a condition of the sale […]
Retail propane heavyweight Ferrellgas Partners, LP, has announced a key acquisition in Texas, building on its impressive and growing list of customers and assets. In its fourth acquisition of the fiscal year, Ferrellgas said it had bought Welch Propane, a northeast Texas retailer based in Atlanta with operations in Texarkana and Douglassville. Terms of the […]
Propane powered engines have helped the Roush Drag Team clean up at the National Muscle Car Association Championships for the second consecutive year. Susan Roush-McLenaghan’s clean-burning propane-fueled Ford Mustang has just taken out the season in the final face in Indianapolis. She saw off David Hearn in the final elimination round last month to clinch […]
The Environmental Protection Agency is under pressure to force oil and gas companies to disclose the chemical-laced fluids they use during hydraulic fracturing, fuelfix.com reports. The controversial gas and oil extraction method is credited for a boom in domestic US oil and natural gas supplies – including propane. It involves blasting a cocktail of sand, […]
Average residential propane prices are already 39 cents a gallon higher than the same time last year, figures from the Energy Information Administration reveal. The EIA, a branch of the US Energy Department, has just launched its annual State Heating Oil and Propane Program (SHOPP). The program provides data on heating oil and propane prices […]
After posting their first fall in 20 weeks, national propane stocks continued to build in the last week. Figures released yesterday by the Energy Information Administration show propane reserves gained 1.2 million barrels in the week to September 9. That brought total US inventories to 54.7 million barrels – the equivalent of 62.7 days’ supply […]
Enterprise Products Partners, Anadarko Petroleum and Enbridge Energy Partners announced their plans to build a new natural gas liquids pipeline connecting the Texas Panhandle to propane central, Mont Belvieu, according to a recent FuelFix.com report. Because NGLs like propane can’t be transported through the same pipelines as natural gas, they need their own system. As […]
One of the country’s leading propane suppliers has been handed a share upgrade by equities analysts Zacks Investment Research, localizeduas.com reports. Zacks elevated Suburban Propane Partners, L.P. shares from “underperform” to “neutral” in a research note to investors last week. The share upgrade reflects a stronger financial performance by the national energy company, which has […]