El Paso Corporation Analysis across The Oil and Gas Value Chain

SUMMARY

Summary

El Paso Corporation Analysis across The Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into El Paso Corporation. The report provides key information relating to oil and gas assets of the company and financial, SWOT and value chain analysis of the company. The report examines company's business structure and operations, history and products, and provides an analysis of its key revenue lines. It inspects the company's strategy, both in terms of its value chain positioning and strategic strengths and weaknesses.

Scope

• Provides historical production or capacity data on El Paso Corporation's oil and gas assets across value chain.
• Analyses and forecasts output for major oil and gas assets to 2020.
• Reports oil and gas exploration assets for each country including operator and equity details for major oil and gas assets of El Paso Corporation
• Critical analysis of El Paso Corporation' s strengths, weaknesses opportunities and threats and positioning on the value chain.
• Provides summary analysis of key revenue lines and strategy.
• Details on El Paso Corporation's history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.
• Product and brand updates, strategy changes, financial events.
• Latest mergers and acquisitions, partnerships or financings of El Paso Corporation including debt, equity or venture finance.

Reasons to buy

• Research your competitors business structure, strategy and prospects.
• Assess your competitor's major energy assets and their historic and forecast performance.
• Identify and assess potential corporate and asset investment opportunities
• Support sales activities by understanding your customers businesses better.
• Qualify prospective partners and suppliers.
• Obtain up to date company information

TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Company Snapshot 12
2.1 Key Information 12
2.2 Company Overview 12
2.3 Financial Performance 12
2.4 Industry Outlook -- Production & Exploration 12
2.5 Industry Outlook -- Pipelines 13
2.6 Industry Outlook -- LNG Terminals 14
2.7 SWOT Snapshot 15
3 El Paso Corporation, Crude Oil And Natural Gas Forecasts, 2000-2012 16
3.1 El Paso Corporation , Crude Oil & Natural Gas Forecasts, By Fields 16
3.2 El Paso Corporation, Gross Revenue Forecasts, By Fields 20
3.3 El Paso Corporation, Total Government Take Forecasts, By Fields 23
3.4 El Paso Corporation, Contractor Take Forecasts, By Fields 26
4 El Paso Corporation, Exploration and Production Summary 29
4.1 El Paso Corporation, Fields under development 29
4.2 El Paso Corporation, Active Exploration Blocks, by Country, 2000-2007 29
4.3 El Paso Corporation, Crude Oil Production, by Country 31
4.4 El Paso Corporation, Natural Gas Production, by Country 32
5 El Paso Corporation, Crude Oil and Natural Gas Production By Fields 33
5.1 El Paso Corporation, Crude Oil Production 33
5.1.1 El Paso Corporation, Crude Oil Production in Texas, By Fields 33
5.1.2 El Paso Corporation, Crude Oil Production in Kansas, By Fields 44
5.1.3 El Paso Corporation, Crude Oil Production in Louisiana, By Fields 45
5.1.4 El Paso Corporation, Crude Oil Production in New Mexico, By Fields 46
5.1.5 El Paso Corporation, Crude Oil Production in Utah, By Fields 47
5.1.6 El Paso Corporation, Crude Oil Production in Mississippi, By Fields 48
5.1.7 El Paso Corporation, Crude Oil Production in Ohio, By Fields 48
5.1.8 El Paso Corporation, Crude Oil Production in Colorado, By Fields 49
5.1.9 El Paso Corporation, Crude Oil Production in Saskatchewan, By Fields 50
5.1.10 El Paso Corporation, Crude Oil Production in Bolivia, By Fields 50
5.1.11 El Paso Corporation, Crude Oil Production in Brazil, By Fields 50
5.1.12 El Paso Corporation, Crude Oil Production in GOM - Shallow Water, By Fields 50
5.1.13 El Paso Corporation, Crude Oil Production in GOM - Continental Slope, By Fields 51
5.1.14 El Paso Corporation, Crude Oil Production in GOM - Continental Shelf, By Fields 53
5.2 El Paso Corporation, Natural Gas Production 56
5.2.1 El Paso Corporation, Natural Gas Production in Texas, By Fields 56
5.2.2 El Paso Corporation, Natural Gas Production in Kansas, By Fields 68
5.2.3 El Paso Corporation, Natural Gas Production in Louisiana, By Fields 69
5.2.4 El Paso Corporation, Natural Gas Production in New Mexico, By Fields 71
5.2.5 El Paso Corporation, Natural Gas Production in Utah, By Fields 72
5.2.6 El Paso Corporation, Natural Gas Production in Alabama, By Fields 73
5.2.7 El Paso Corporation, Natural Gas Production in Mississippi, By Fields 74
5.2.8 El Paso Corporation, Natural Gas Production in Wyoming, By Fields 74
5.2.9 El Paso Corporation, Natural Gas Production in Ohio, By Fields 74
5.2.10 El Paso Corporation, Natural Gas Production in Colorado, By Fields 75
5.2.11 El Paso Corporation, Natural Gas Production in Oklahoma, By Fields 77
5.2.12 El Paso Corporation, Natural Gas Production in Saskatchewan, By Fields 78
5.2.13 El Paso Corporation, Natural Gas Production in Bolivia, By Fields 78
5.2.14 El Paso Corporation, Natural Gas Production in Brazil, By Fields 78
5.2.15 El Paso Corporation, Natural Gas Production in GOM - Shallow Water, By Fields 78
5.2.16 El Paso Corporation, Natural Gas Production in GOM - Continental Slope, By Fields 79
5.2.17 El Paso Corporation, Natural Gas Production in GOM - Continental Shelf, By Fields 82
6 El Paso Corporation Pipeline Operation 86
6.1 Pipeline Operation, Key Data 86
6.2 Pipeline Operation, Overview 86
6.3 Pipeline Operation, Bolivia 87
6.3.1 Pipeline Operation, Bolivia, Natural Gas Pipelines 87
6.4 Pipeline Operation, Chile 88
6.4.1 Pipeline Operation, Chile, Natural Gas Pipelines 88
6.5 Pipeline Operation, Mexico 89
6.5.1 Pipeline Operation, Mexico, Natural Gas Pipelines 89
6.6 Pipeline Operation, The United States 90
6.6.1 Pipeline Operation, The United States, Natural Gas Pipelines 90
6.7 Pipeline Operation, Natural Gas Pipeline Capacity, 1994-2006 95
7 El Paso Corporation LNG Operation 100
7.1 LNG Operation, Overview 100
7.2 LNG Operation, Regasification 100
7.2.1 LNG Operation, Regasification, Regasification Capacity in The United States, 2000- 2012 100
8 El Paso Corporation Underground Gas Storage Operation 101
8.1 Underground Gas Storage Operation, Key Data 101
8.2 Underground Gas Storage Operation, Overview 101
8.3 Underground Gas Storage Operation, Underground Gas Storage Capacity in The United States, 2007 101
9 Business Description 102
9.1 Business Overview 102
9.2 Exploration and Production 102
9.2.1 Overview 102
9.2.2 Production 103
9.2.3 Financials 103
9.2.4 Capital Expenditure 103
9.2.5 Market View 103
9.2.6 Key Strategies 103
9.3 Marketing 104
9.3.1 Overview 104
9.3.2 Financials 104
9.4 Pipelines 105
9.4.1 Overview 105
9.4.2 Production 105
9.4.3 Financials 105
9.4.4 Capital Expenditure 105
9.4.5 Market View 105
9.4.6 Key Strategies 106
9.5 Power 106
9.5.1 Overview 106
9.5.2 Financials 106
9.6 Major Products and Services 107
9.6.1 Overview 107
10 History 108
11 Business Strategy 112
11.1 Mission Statement 112
11.2 Strategy 112
11.3 Corporate Social Responsibility 112
11.3.1 Overview 112
11.3.2 Specific CSR Initiatives 112
12 Value Chain Analysis 114
12.1 Upstream 114
12.1.1 Overview 114
12.1.2 Financials, Production and Major Projects 115
12.2 Midstream 115
12.2.1 Overview 115
12.2.2 Financials, Production and Major Projects 116
13 SWOT Analysis 117
13.1 Overview 117
13.2 El Paso Corporation Strengths 117
13.2.1 Vast Interstate Natural Gas Pipeline System 117
13.2.2 Growth in Exploration and Production Segment 118
13.2.3 Increase in the Returns 118
13.3 El Paso Corporation Weaknesses 118
13.3.1 Weak Performance in the Marketing Segment 118
13.3.2 Lack of Vertical Integration 119
13.4 El Paso Corporation Opportunities 119
13.4.1 Expansion Projects 119
13.4.2 Rising Demand for Natural Gas in the U.S. 119
13.5 El Paso Corporation Threats 120
13.5.1 Stringent Environmental Regulations 120
13.5.2 Shift to Alternative Energy Sources 120
14 Competitors 121
15 Revenue Analysis 122
15.1 Revenue by Segment 122
15.2 Revenue by Geography 123
16 Financial and Operational Review 124
16.1 Financial Statements 124
16.2 Financial Ratios 125
17 Operational Indicators 126
18 Share Holding Structure 127
19 Key Employees 128
20 Key Employee Biographies 129
21 Company Statement 131
22 Locations And Subsidiaries 134
22.1 Head Office 134
22.2 Other Locations & Subsidiaries 134
23 Financial Deals Landscape 135
23.1 Acquisition 135
23.1.1 Transcanada Acquires ANR Pipeline And ANR Storage From El Paso Corporation 135
23.1.2 El Paso Corporation Sells Its 50% Interest In Great Lakes Gas Transmission To Transcanada Corporation And TC Pipelines 137
23.1.3 El Paso Corporation Completes Sale Of Indonesian Power Assets For $61 Million 140
23.1.4 El Paso Sells Its 51% Interest In Coastal Petrochemical To Petro-Canada 141
23.1.5 ECO, Inc. Acquires Stake In Enterprise Products Gp, LLC And Enterprise Products Partners L.P. From El Paso 143
23.1.6 El Paso Sells 50% Interest In Bastrop Energy Partners To FPL Energy 146
23.1.7 Bg Group Acquires El Paso Oil And Gas Canada, Inc. For $345.6 Million 147
23.1.8 Enterprise Acquires Natural Gas Gathering And Processing Companies From El Paso 149
23.1.9 Sunoco Acquires Eagle Point Refinery From El Paso 151
23.1.10 TransAlta Acquires 50% Interest In CE Generation From El Paso 152
23.1.11 Enbridge Acquires Additional Interest In Alliance Pipeline From El Paso 154
23.2 Private Equity 156
23.2.1 Energy Investors Fund Acquires El Paso'S 56% Interest In Berkshire Power Company. 156
23.2.2 El Paso Sells Its 12.5% Interest MASSPOWER Power Plant To Energy Investors Funds 157
23.2.3 Hastings Funds Management Acquires One-Third Interest In Australian pipeline holdings From El Paso 158
23.3 IPO 160
23.3.1 El Paso Completes Public Offering 160
23.3.2 El Paso Completes Placement Of $750 Million 161
23.4 Debt Offerings 163
23.4.1 El Paso Completes Public Offering Of $375 Million Of Senior Notes 163
23.4.2 El Paso Completes Public Offering Of $900 Million Of Senior Notes 165
23.4.3 El Paso Prices Public Offering Of $600 Million 166
24 Recent Developments 169
24.1 Strategy and Business Planning 169
24.1.1 Feb 27, 2008: El Paso Submits Rockies Natural Gas Pipeline Plan 169
24.1.2 Dec 11, 2007: El Paso Announces Piceance Basin Expansion 169
24.2 Operations Updates 169
24.2.1 Apr 08, 2008: Norse Energy Updates On BM-CAL-6 Block 169
24.2.2 Feb 26, 2008: El Paso Provides Reserve Updates 170
24.2.3 Feb 20, 2008: El Paso Announces 18% Increase In Proved Reserves 171
24.2.4 Feb 01, 2008: El Paso Provides Update On Mainline Expansion Project 171
24.2.5 Nov 05, 2007: El Paso Discovers Two New Wells In Camamu Basin 171
24.3 Financial Announcements 171
24.3.1 May 08, 2008: El Paso Declares Q1 2008 Results 171
24.3.2 Mar 31, 2008: El Paso Declares Quarterly Dividend 174
24.3.3 Feb 26, 2008: El Paso Pipeline Reports Q4 2007 Results 174
24.3.4 Feb 26, 2008: El Paso Declares Q4 2007 Results 176
24.3.5 Feb 07, 2008: El Paso Declares Quarterly Dividend 177
24.3.6 Jan 25, 2008: El Paso Declares Prorated Quarterly Cash Distribution 177
24.3.7 Jan 24, 2008: El Paso Forecasts Improved Growth Outlook 178
24.3.8 Nov 06, 2007: El Paso Reports Q3 2007 Results 180
24.4 Other Significant Developments 183
24.4.1 May 15, 2008: El Paso Appoints New Board Member 183
24.4.2 May 06, 2008: El Paso To Open Ruby Pipeline In 2011, Despite PG&E's Withdrawal 183
24.4.3 Apr 17, 2008: Norse Energy Receives Environmental License To Drill Wells In BM-CAL-5 Block 184
24.4.4 Dec 27, 2007: PG&E Enters LoI To Acquire 25.5% Interest In El Paso's Ruby Pipeline Project 184
24.4.5 Dec 21, 2007: El Paso Announces Transportation Agreement With PG&E 185
24.4.6 Dec 03, 2007: El Paso Files Application For Ruby Pipeline Project 185
25 Appendix 186
25.1 Methodology 186
25.1.1 Coverage 186
25.1.2 Secondary Research 187
25.1.3 Primary Research 187
25.1.4 E&P Forecasts 188
25.1.5 Midstream Forecasts 190
25.1.6 Expert Panel Validation 191
25.2 Contact Us 191
25.3 About Global Markets Direct 191
25.4 Disclaimer 191

1.1 List of Tables
Table 1: El Paso Corporation,Key Facts, 2007 12
Table 2: El Paso Corporation ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 17
Table 3: El Paso Corporation ,Natural Gas Production And Forecasts (MMcf) by Fields ,2000-2012 18
Table 4: El Paso Corporation , Gross Revenue ($thousand) by Fields, 2008-2012 21
Table 5: El Paso Corporation , Total Government Take ($thousand) by Fields, 2008-2012 24
Table 6: El Paso Corporation , Contractor Take ($thousand) by Fields, 2008-2012 27
Table 7: El Paso Corporation, Fields under development 29
Table 8: El Paso Corporation, Number of Exploration Blocks, by Country, 2000-2007 30
Table 9: El Paso Corporation, Crude Oil Production (BBls), by Country, 2000-2007 31
Table 10: El Paso Corporation, Natural Gas Production (MMcf), by Country, 2000-2007 32
Table 11: El Paso Corporation, Crude Oil Production (BBls) By Fields in Texas, 2000-2007 33
Table 12: El Paso Corporation, Crude Oil Production (BBls) By Fields in Kansas, 2000-2007 44
Table 13: El Paso Corporation, Crude Oil Production (BBls) By Fields in Louisiana, 2000-2007 45
Table 14: El Paso Corporation, Crude Oil Production (BBls) By Fields in New Mexico, 2000-2007 46
Table 15: El Paso Corporation, Crude Oil Production (BBls) By Fields in Utah, 2000-2007 47
Table 16: El Paso Corporation, Crude Oil Production (BBls) By Fields in Mississippi, 2000-2007 48
Table 17: El Paso Corporation, Crude Oil Production (BBls) By Fields in Ohio, 2000-2007 48
Table 18: El Paso Corporation, Crude Oil Production (BBls) By Fields in Colorado, 2000-2007 49
Table 19: El Paso Corporation, Crude Oil Production (BBls) By Fields in Saskatchewan, 2000-2007 50
Table 20: El Paso Corporation, Crude Oil Production (BBls) By Fields in Bolivia, 2000-2007 50
Table 21: El Paso Corporation, Crude Oil Production (BBls) By Fields in Brazil, 2000-2007 50
Table 22: El Paso Corporation, Crude Oil Production (BBls) By Fields in GOM - Shallow Water, 2000-2007 50
Table 23: El Paso Corporation, Crude Oil Production (BBls) By Fields in GOM - Continental Slope, 2000-2007 51
Table 24: El Paso Corporation, Crude Oil Production (BBls) By Fields in GOM - Continental Shelf, 2000-2007 53
Table 25: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Texas, 2000-2007 56
Table 26: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Kansas, 2000-2007 68
Table 27: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Louisiana, 2000-2007 69
Table 28: El Paso Corporation, Natural Gas Production (MMcf), By Fields in New Mexico, 2000-2007 71
Table 29: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Utah, 2000-2007 72
Table 30: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Alabama, 2000-2007 73
Table 31: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Mississippi, 2000-2007 74
Table 32: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Wyoming, 2000-2007 74
Table 33: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Ohio, 2000-2007 74
Table 34: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Colorado, 2000-2007 75
Table 35: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Oklahoma, 2000-2007 77
Table 36: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Saskatchewan, 2000-2007 78
Table 37: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Bolivia, 2000-2007 78
Table 38: El Paso Corporation, Natural Gas Production (MMcf), By Fields in Brazil, 2000-2007 78
Table 39: El Paso Corporation, Natural Gas Production (MMcf), By Fields in GOM - Shallow Water, 2000-2007 78
Table 40: El Paso Corporation, Natural Gas Production (MMcf), By Fields in GOM - Continental Slope, 2000-2007 79
Table 41: El Paso Corporation, Natural Gas Production (MMcf), By Fields in GOM - Continental Shelf, 2000-2007 82
Table 42: El Paso Corporation, Pipeline Key Statistics, 2007 86
Table 43: El Paso Corporation, Natural Gas Pipeline in Bolivia, 2007 87
Table 44: El Paso Corporation, Natural Gas Pipelines in Chile, 2007 88
Table 45: El Paso Corporation, Natural Gas Pipelines in Mexico, 2007 89
Table 46: El Paso Corporation, Natural Gas Pipelines in The United States, 2007 90
Table 47: El Paso Corporation, Natural Gas Pipelines in The United States, 2007 (Contd..) 91
Table 48: El Paso Corporation, Natural Gas Pipelines in The United States, 2007 (Contd..) 92
Table 49: El Paso Corporation, Natural Gas Pipelines in The United States, 2007 (Contd..) 93
Table 50: El Paso Corporation, Natural Gas Pipelines in The United States, 2007 (Contd..) 94
Table 51: El Paso Corporation, Natural Gas Pipeline Capacity, 1994-2006 95
Table 52: El Paso Corporation, Natural Gas Pipeline Capacity, 1994-2006 (Contd..) 96
Table 53: El Paso Corporation, Natural Gas Pipeline Capacity, 1994-2006 (Contd..) 97
Table 54: El Paso Corporation, Natural Gas Pipeline Capacity, 1994-2006 (Contd..) 98
Table 55: El Paso Corporation, Natural Gas Pipeline Capacity, 1994-2006 (Contd..) 99
Table 56: El Paso Corporation, Regasification Capacity in The United States (Bcf), 2000- 2012 100
Table 57: El Paso Corporation , Underground Gas Storage Key Statistics, 2007 101
Table 58: El Paso Corporation, Underground Gas Storage Capacity in The United States, 2007 101
Table 59: El Paso Corporation, SWOT Analysis , 2007 117
Table 60: El Paso Corporation, Revenue by Segment, USD Million, 2003-2007 122
Table 61: El Paso Corporation, Revenue by Geography, USD Million, 2003-2007 123
Table 62: El Paso Corporation, Financial Statements, USD Million, 2003-2007 124
Table 63: El Paso Corporation, Financial Ratios, USD Million, 2003-2007 125
Table 64: El Paso Corporation Operational Indicators, 2003-2007 126
Table 65: El Paso Corporation, Share Holding Structure 127
Table 66: El Paso Corporation, Key Employees, 2007 128
Table 67: El Paso Corporation, Other Locations 134
Table 68: El Paso Corporation, Subsidiaries 134
Table 69: Brent Blend NYMEX Future Prices 190

1.2 List of Figures
Figure 1: El Paso Corporation , Crude Oil & Natural Gas Forecasts, 2000-2012 16
Figure 2: El Paso Corporation , Gross Revenue ($thousand) by Fields, 2008-2012 20
Figure 3: El Paso Corporation , Total Government Take ($thousand) by Fields, 2008-2012 23
Figure 4: El Paso Corporation , Contractor Take ($thousand) by Fields, 2008-2012 26
Figure 5: El Paso Corporation, Number of Exploration Blocks, by Country, 2000-2007 29
Figure 6: El Paso Corporation, Crude Oil Production (BBls), by Country, 2000-2007 31
Figure 7: El Paso Corporation, Natural Gas Production (MMcf), by Country, 2000-2007 32
Figure 8: El Paso Corporation, Value Chain Analysis 114
Figure 9: Global Markets Direct Methodology 186