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El Paso Exploration & Production Co. Jul 08 Product Image

El Paso Exploration & Production Co. Jul 08

  • ID: 2025406
  • July 2008
  • Standard & Poors

FEATURED COMPANIES

  • Coastal Natural Gas Co.
  • El Paso Holdco LLC
  • El Paso Natural Gas Co.
  • Southern Natural Gas Co.
  • MORE

Abstract
Profitability will benefit from high commodity price environment; High working interest and ownership control of its properties; and Increasing production volumes. Increased focus on shareholder value creation of parent El Paso; Need to continually replace reserves in the rapidly producing Gulf of Mexico; and History of high finding costs, although this has recently improved significantly. El Paso Exploration & Production Co. (EP&P) is an affiliate of El Paso Corp. (BB/Stable/--), the largest natural gas pipeline company in North America. The ratings on Houston -based El Paso and its subsidiaries, including EP&P, are based on our consolidated credit methodology, resulting in the same corporate credit rating for the holding company and each of its subsidiaries. The ratings on El Paso reflect...

Companies mentioned in this report are:
- El Paso Exploration & Production Co.
- Colorado Interstate Gas Co.
- El Paso Natural Gas Co.
- Southern Natural Gas Co.
- El Paso Tennessee Pipeline Co.
- Tennessee Gas Pipeline Co.
- El Paso Holdco LLC
- Coastal Natural Gas Co.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

- El Paso Exploration & Production Co.
- Colorado Interstate Gas Co.
- El Paso Natural Gas Co.
- Southern Natural Gas Co.
- El Paso Tennessee Pipeline Co.
- Tennessee Gas Pipeline Co.
- El Paso Holdco LLC
- Coastal Natural Gas Co.

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