Oil & Gas Market Update: (SSHO) (PVA) & (EPD)

June 17, 2010 - PRLog -- SOUTH SHORE RESOURCE (Other OTC- SSHO.PK)

Last: $0.20

Recently South Shore announced that it has filed a provisional patent with the US Patent & Trademark Office (Application No. 61/187,716), which describes the (SSHO.PK)’s technique by electrolysis to produce oxyhydrogen for its Hydrogen on Demand Hybrid Conversion Kit.

(SSHO.PK)s HyProStar system was developed to promote energy savings by increasing fuel mileage and not just for autos but for all internal combustion engines. The anticipated gas mileage increase is about 25%, and it could amount to more than 100 miles per fill up and it works on all types of known fuel systems, even alternative fuel sources. Today we need all the help we can get to reduce our carbon emissions, (SSHO.PK)’s HyProStar system was designed to do just that.

South Shore Resources Inc. is a company engaged in the manufacturing, marketing, sales and distribution of products which are committed to fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive manufacturing industries which are either in development and/or the commercialization stages.

To learn more visit www.southshoreresourcesinc.com





Last: $34.92

Enterprise Products Partners L.P.  today announced that the partnership’s refined products storage facility in Port Arthur, Texas, which was built to support the expansion of a nearby refinery, has commenced commercial operations and received its first deliveries. The new tank farm serves as the sole distribution point for output from the refinery as part of a 15-year throughput and volume dedication agreement.

’s storage facility, which represents an investment of approximately $330 million, features 20 storage tanks with 5.4 million barrels of capacity for gasoline, diesel and jet fuel. In addition, five pipelines, each five and one-half miles in length, transport the various products from the refinery to the storage site. Distribution interconnects provide access to major refined products pipelines, including the Enterprise TE Products Pipeline, which was acquired as part of the TEPPCO purchase in October 2009, as well as the Colonial, Explorer and Sunoco systems.

Enterprise Products Partners L.P. is the largest publicly traded energy partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise’s assets include: 49,100 miles of onshore and offshore pipelines; approximately 190 million barrels of storage capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage capacity. Services include: natural gas transportation, gathering, processing and storage; NGL fractionation, transportation, storage, and import and export terminaling; crude oil and refined products storage, transportation and terminaling; offshore production platform; petrochemical transportation and storage; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

Additional information about Enterprise is available online at www.epplp.com.





Last: $24.39

Penn Virginia Corporation  today announced the completion of the public offering of 8,827,429 common units representing limited partner interests in Penn Virginia GP Holdings, L.P.  beneficially owned by PVA. As a result of this offering, PVA no longer owns any limited or general partner interests in PVG.

Since September 2009, PVA has sold approximately 30.1 million common units representing 77 percent of PVG, raising approximately $450 million in pretax proceeds. PVA currently has approximately $376 million of cash as well as current availability under its revolving credit facility of approximately $300 million ($420 million borrowing base). The principal of PVA’s current debt outstanding is $530 million, with $230 million due in December 2012 and $300 million due in June 2016. In connection with the sale of its interests in PVG, PVA expects to incur approximately $3.5 million of non-recurring general and administrative costs during the second quarter of 2010.

Penn Virginia Corporation  is an independent natural gas and oil company focused on the exploration, acquisition, development and production of reserves in onshore regions of the U.S., including the Mid-Continent region, East Texas, Mississippi and the Appalachian Basin.

For more information, please visit our website at www.pennvirginia.com.



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