Energy Transfer, Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

PIPELINES
Energy Transfer Receives Approval to Start Up Natural Gas Pipeline - Energy Transfer (NYSE:ET) (Dallas, Texas) on Thursday received approval to start operations on a natural gas pipeline that will deliver fuel to the U.S. Gulf Coast. The Gulf Run pipeline, which can carry 1.65 billion cubic feet per day, takes natural gas from other Energy Transfer pipelines that link to shale gas basins in Texas, Louisiana and Arkansas. The 135-mile pipeline runs from Westdale to Starks, Louisiana. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)

PRODUCTION
U.S. Drillers Cut Rigs - The U.S. oil and gas rig count fell by four to 776 in the week ending December 16, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. U.S. oil rigs fell five to 620 last week, their lowest in six weeks, while gas rigs rose one to 154. (Reuters)

CRUDE OIL
U.S. to Begin Buying Back Oil for Strategic Reserve - The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, the first purchase since this year's record 180 million-barrel release from the stockpile. The department will buy up to 3 million barrels for delivery in February, a senior official told reporters. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).