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Article: Enron sells 13 percent interest in carbon dioxide pipeline.
- Article from:
- PR Newswire
- Article date:
- August 31, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENRON SELLS 13 PERCENT INTERESTY IN CARBON DIOXIDE PIPELINE
HOUSTON, Aug. 31 /PRNewswire/ -- Enron Corp. (NYSE: ENE) today announced that it has sold its HNG Cortez Pipeline Company stock to Cortez Vickers, Inc., of Denver, for approximately $21 million.
Through the HNG subsidiary, Enron had held a 13 percent interest in the Cortez Pipeline Company, a general partnership that owns a 500-mile carbon dioxide pipeline. The line transports carbon dioxide from production fields near Cortez, Colo., to Denver City, Texas, for use in enhanced oil recovery. Other partners of the Cortez Pipeline Company include a subsidiary of Shell Oil Company which owns 50 ...