The Bush administration’s proposal to hold a 2007 sale in a two-million-acre section of a natural gas-rich offshore area known as Lease Sale 181 is a step in the right direction, but it doesn’t go far enough, said officials from six offshore groups.
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Senate Energy Panel Approves ANWR Development in Budget Package
The Senate Energy and Natural Resources Committee on Wednesday voted out a budget reconciliation package that moves oil and natural gas development on a 2,000-acre portion of the coastal plain of the Arctic National Wildlife Refuge (ANWR) one step closer to reality.
AEP Settles with Enron, Buys Bammel Storage for $115M
American Electric Power (AEP) has agreed to pay Enron Corp. $115 million for all of Enron’s interests in the 7,000-acre underground Bammel gas storage reservoir near Houston and related pipeline and storage assets, including 10.5 Bcf of gas in the storage field.
AEP Settles with Enron, Buys Bammel Storage for $115M
American Electric Power (AEP) has agreed to pay Enron Corp. $115 million for all of Enron’s interests in the 7,000-acre underground Bammel gas storage reservoir near Houston and related pipeline and storage assets, including 10.5 Bcf of gas in the storage field.
EnCana Wants to Add Gas Wells in Piceance Basin
EnCana Corp. has filed a plan with the Bureau of Land Management (BLM) to add 1,200 natural gas wells in a 14,000 acre region of the Piceance Basin. The plan calls for up to 125 well pads and 1,240 gas wells.
Rocky Mountain Energy Closes Second Asset Acquisition in As Many Months
Houston-based Rocky Mountain Energy Corp. said Friday it has closed on the acquisition of the 8,000-acre Ten Mile and Desert Spring Fields located in Sweetwater County, WY. The company said there are five current wells producing 1,000 Mcf/d of natural gas and 67 bbl/d of oil.
Dominion Inks 83,000-Acre Deal With Ute Indian Tribe
Richmond, VA-based Dominion Exploration & Production Inc. reported that it has entered into a landmark agreement with Northern Ute Partners LLC to jointly explore for and develop oil and natural gas on 83,000 acres of previously restricted lands within the boundaries of the Uintah and Ouray Reservation of the Ute Indian Tribe in Utah.
Dominion Inks 83,000-Acre Deal With Ute Indian Tribe
Richmond, VA-based Dominion Exploration & Production Inc. reported that it has entered into a landmark agreement with Northern Ute Partners LLC to jointly explore for and develop oil and natural gas on 83,000 acres of previously restricted lands within the boundaries of the Uintah and Ouray Reservation of the Ute Indian Tribe in Utah.
Tengasco Completes Intrastate TN Pipeline
Tengasco has completed a 60-mile intrastate pipeline from itsgas-rich 50,000-acre Swan Creek gas and oil field beginning inHancock County and ending in Kingsport, TN. Geological studiesindicate that the Swan Creek field may be one of the largestnatural gas and oil discoveries in the Appalachian region of theUnited States.
Trigen to Develop Savings For Kodak
Trigen-Cinergy Solutions (TCS) signed a 20-year energy servicescontract with Eastman Kodak Co. to serve Kodak Park. The 1,300-acrecampus, with 160 major buildings, is in Rochester, NY, and isKodak’s main manufacturing site. TCS has been selected energymanager for steam and electric utility services, including 196megawatts of onsite electric generation capacity. TCS also willmanage all fuel procurement for Kodak Park. Transfer of operationsis expected to be in January.