Abandoning

Forest Oil Unloads East Texas Eagle Ford Gathering for $34M

One month after announcing that it was abandoning a potential partnership strategy to help develop its Eagle Ford Shale acreage in favor of a “go-it-alone plan,” Denver-based Forest Oil Corp. said it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II LLC for proceeds of $34 million.

August 21, 2012

Talisman Exits Canadian Shale-Based GTL Project

Calgary-based Talisman Energy is abandoning a project it had considered with Sasol Canada to develop Canada’s first gas-to-liquids (GTL) facility to create transportation fuels from natural gas.

June 29, 2012

Laser Abandons Pennsylvania Public Utility Plans

Laser Northeast Gathering Co. LLC is abandoning its efforts to have a proposed gathering system in northeast Pennsylvania classified as a public utility with the Pennsylvania Public Utility Commission (PUC).

September 19, 2011

Laser Abandons Public Utility Plans; Peregrine, Pentex Move On

Laser Northeast Gathering Co. LLC is abandoning its efforts to have a proposed gathering system in northeast Pennsylvania classified as a public utility with the Pennsylvania Public Utility Commission (PUC).

September 14, 2011

Transportation Notes

Southern Natural Gas noted that as previously posted, it is in the process of abandoning its 16-inch diameter Mississippi Canyon 268 Line. As a result the West Delta 152 receipt point has been shut in and Southern is not accepting nominations there for about six days starting with Wednesday’s gas day. Since there is firm service at the point, this work constitutes a force majeure, the pipeline said.

July 29, 2009

Northwest Completes Three-Year WA Line Replacement Project

Williams’ Northwest Pipeline completed its capacity replacement project in Washington state. Work began in 2003 on the project, which is now in service.

December 6, 2006

ScottishPower Plans to Grow U.S. Gas Storage, Wind Power

While selling its utility stake in PacifiCorp (see related story), ScottishPower is not abandoning the energy market in the United States, the energy holding company’s CEO Ian Russell emphasized in an earnings conference call Tuesday from London to provide background on the $9.4 billion sale to MidAmerican Energy Holdings Co. Instead, the UK energy giant is planning to focus on two parts of the merchant energy business in the United States — wind power and natural gas storage.

May 25, 2005

Scotian Deepwater Potential Takes Another Hit with Marathon News

Marathon Oil Corp.’s Canadian subsidiary is permanently abandoning a deepwater wildcat natural gas well offshore Nova Scotia after failing to find any commercial quantities of oil and natural gas. When Marathon first discovered gas in the Annapolis block in 2002, it had estimated there could be between 5-15 Tcf of natural gas within the play (see NGI, Aug. 19, 2002).

September 6, 2004

Scotian Deepwater Potential Takes Another Hit with Marathon News

Marathon Oil Corp.’s Canadian subsidiary is permanently abandoning a deepwater wildcat natural gas well offshore Nova Scotia after failing to find any commercial quantities of oil and natural gas. When Marathon first discovered gas in the Annapolis block in 2002, it had estimated there could be between 5-15 Tcf of natural gas within the play (see Daily GPI, Aug. 14, 2002).

August 27, 2004

Sempra Energy Reports Lower 3Q Earnings Due to NS Bailout

Despite lower earnings due to a one-time charge tied to its abandoning a natural gas distribution project in Nova Scotia, San Diego-based Sempra Energy’s CEO on Thursday raised the bar for shorter and longer-term earnings growth — principally in the nonutility businesses. Sempra took a one-time, after-tax charge of $25 million, or 12 cents/diluted share, for giving up its natural gas distribution franchise in Nova Scotia.

October 29, 2001
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