Koch exploring market interest in NGL assets.
"Our natural gas liquids businesses are strong and performing well," said Steve Tatum, president of Koch Hydrocarbon, LP and a manager of the MBFF group. "However, we recognize that other companies--with different assets and financial structures--may potentially place a higher value on these businesses. As a result, management continually works to compare the businesses' market value to the value they create or could potentially create for our shareholders."
Pat McCann, president of Koch Pipeline, added that the natural gas liquids pipeline distribution and gathering systems are strategically located and complement the natural gas liquids processing businesses. The businesses for sale include NG fractionators near Conway, KS, Hutchinson, KS, and Medford, OK as well as about 4,000 miles of raw feed gathering and finished product distribution pipelines in Kansas, Oklahoma and Texas. The potential sale also includes Koch Pipeline's 50% interest in the Chisholm Pipeline gathering system and the 80% interest in Mont Belvieu 1, a fractionator near Houston, currently owned by MBFF, LP, which is an redirect subsidiary of Koch Holdings, LLC.
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|Title Annotation:||Newsreel; Koch Hydrocarbon Co.; natural gas liquids|
|Comment:||Koch exploring market interest in NGL assets.(Newsreel)(Koch Hydrocarbon Co.)(natural gas liquids )|
|Publication:||Pipeline & Gas Journal|
|Article Type:||Brief Article|
|Date:||Feb 1, 2005|
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