SOURCE: Industrial Info Resources

Industrial Info Resources

February 25, 2011 07:20 ET

El Paso Corporation Moves to Steady Ground in 2010, Sees Production Boom in 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas production and transmission company El Paso Corporation (NYSE:EP) (Houston, Texas) survived a rocky fourth quarter to post solid numbers for full-year 2010, as the company delivered financial results at the high end of its targeted range, and pipeline expansion projects that began service in 2010 and late 2009 started to pay off. Net income was $721 million for the year, compared to a net loss of $576 million in 2009.

Industrial Info is tracking 52 active El Paso projects in the U.S. that are worth a total of more than $2.5 billion, including a $200 million expansion at the company's Elba Island LNG Receiving Terminal near Savannah, Georgia. For more information, visit Industrial Info's North American Oil and Gas Terminals Project Database.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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