Copano Energy LLC (CPNO) said that the Federal Energy Regulatory Commission has denied authority for Transcontinental Gas Pipeline Corp. to abandon its McMullen Lateral pipeline in South Texas by sale to Copano.
Copano's agreement to purchase the McMullen Lateral from Transco, announced in October 2008, was contingent on receipt of FERC authorizations.
Copano expressed disappointment over the FERC's decision. However, the company said it remains encouraged by the opportunities around its existing South Texas assets, including in the Eagle Ford Shale.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.