The Minerals Management Service (MMS) is soliciting bids forabout 25 MMcf/d or its royalty share of gas produced from certainoffshore leases in the Matagorda Island Offshore Operating System(MOPS). Bids are due by July 24 at 1 p.m. ET and the winner will bechosen within the following 24 hours.
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Transportation Notes
Nominations exceeded capacity at NOVA’s Eastern Gate Tuesday,causing a restriction of about 270 MMcf/d, or 46% of IT capability.
Prices Fall as Expected, But Another Reversal Seen Today
The market was beginning to show more signs of volatilityWednesday, although the swings weren’t quite as wide-ranging asmost of those last week. Cash numbers fell by 10-15 cents at nearlyall points but were expected to rebound again today after futurestraders treated AGA’s afternoon storage report as bullish.
Website Offers Gateway toIndustrial Gas Users
Proctor & Gamble has posted requests for commodity quotes(RFQs) for about 28.7 Bcf over the next year starting July 1 on anew e-commerce website, Energygateway.com, which lays claim tobeing the biggest and best transaction site for industrial energycustomers, utilities and producers. But you better get your bids insoon; the deadline is June 15.
Tennessee Open Season for 500 Line Expansion
Tennessee Gas Pipeline is holding an open season through May 31to solicit interest in its Mississippi 500 Line Expansion Project.Tennessee expects the expansion to involve about 700,000 Dth/d offirm service starting June 1, 2001.
Tennessee Open Season for 500 Line Expansion
Tennessee Gas Pipeline is holding an open season through May 31to solicit interest in its Mississippi 500 Line Expansion Project.Tennessee expects the expansion to involve about 700,000 Dth/d offirm service starting June 1, 2001.
CA Deep-Drilling Project Ekho in Testing Phase
A deep-drilling exploration project in the southwest end of theoil/gas saturated San Joaquin Valley about 45 miles northwest ofBakersfield is moving into the production testing phase with itssponsors, Tri-Valley Oil and Gas, liking what they have seen inpreliminary analyses of the 19,100-foot-deep Project Ekho#1 testwell.
Transportation Notes
Citing “seasonal efficiency adjustments,” NOVA said it woulddecrease its target linepack by about 177 MMcf in gradualincrements by May 29.
Overhaul of Order 497 a Top Priority
FERC’s pipeline marketing affiliate rule is about as effectiveas having a wolf guard the henhouse, says a Washington D.C. lawyerwho represents producers and independent marketers. Because ofescalating abuses in the market, he believes overhauling Order 497should be the first priority of the Commission in its post-Order637 dialogue with the natural gas industry.
Transportation Notes
Due to nominations exceeding capacity, Transwestern wasallocating deliveries Wednesday to SoCal Gas at Needles, CA. About196,000 MMBtu/d in the West of Thoreau segment was affected,Transwestern said.