Chandeleur Pipe Line Co. has asked FERC for the go-ahead toincrease the capacity of its 12-inch mainline to 321 MMcf/d from280 MMcf/d. In an application filed Monday, the pipeline said itwas seeking the additional capacity to accommodate greaterproduction levels and a planned new interconnection with DestinPipeline Co. L.L.C., which is being built under the blanketconstruction certificates of both Destin and Chandeleur. Theinterconnection will serve a refinery in Pascagoula, MS, owned byChevron Products Co., an affiliate of Chandeleur’s. The pipelinenoted that it already has conducted an open season for the proposednew mainline capacity, and is in the process of completingprecedent agreements with shippers. The Chandeleur system — whichconsists of an 80-mile, 12-inch mainline; a parallel 82-mile,16-inch mainline; and an 11-mile, 12-inch lateral — extends fromoffshore Louisiana and Mississippi to onshore Mississippi. Inaddition to serving Chevron Products, Chandeleur hasinterconnections with Gulf South Pipeline and Texas EasternTransmission.

The Oil & Gas Asset Clearinghouse, which providesacquisition and divestiture services for oil and gas properties andprospects as a subsidiary of Petroleum Place, said it sold morethan $40 million in properties at its hybrid auction Feb. 1. Theauction featured simultaneous live floor and Internet bidding, with371 lots, including 95 notable properties. More than 500 bidderscompeted on the lots, with Internet bidders interested in about 80%of the transactions. The Internet bidders totaled about 16% of theparticipants. The property auction, held at Houston’s George R.Brown Convention Center, was held in conjunction with the NorthAmerican Prospect Expo 2001, where registered bidders and viewersmonitored the sales progress.

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