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EP1Q2007Earnings_FINAL(Web)
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target. - Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway. - E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
