Adams

Prompted by the boom in the Marcellus Shale in Pennsylvania, a 136-year-old legal publishing firm on Monday has issued the first resource for the state’s oil and gas legal reference. Its publisher characterizes the book as a resource for landowners, lawyers, judges and producers alike.

Officials from one of two Colorado cities to halt hydraulic fracturing (fracking) within its boundaries, Commerce City, heard from a panel of experts that a permanent ban against the oil/gas industry drilling technology is not possible, and besides, the state already closely regulates the practice.

Anadarko Petroleum Corp. is buying BP America Production Co.’s 93% interest in the Wattenberg Processing Plant for $575.5 million. The plant in Adams County in northeast Colorado can process up to 195 MMcf/d of natural gas and 15,000 b/d of natural gas liquids and gas condensate. Upon closing Anadarko will operate and have 100% ownership. Anadarko volumes represent about 70% of plant throughput, said Chuck Meloy, Anadarko senior vice president of worldwide operations. “We are the largest producer in the Wattenberg field, with current sales volumes of approximately 63,000 boe/d, and our early efforts in the emerging horizontal Niobrara play are very encouraging,” Meloy said. The transaction is expected to close by mid-year, subject to regulatory approvals and contractual conditions.

Anadarko Petroleum Corp. is buying BP America Production Co.’s 93% interest in the Wattenberg Processing Plant for $575.5 million.

Colorado Interstate Gas Company (CIG) has asked FERC for authorization to commence service no later than June 29 on the Totem Gas Storage Field Project in Adams County, CO. The company said it was nearing completion of construction of the initial phase and injection of base gas. It proposes to then begin injections of up to 6 Bcf of working gas. The sole customer for the facility is Public Service Co. of Colorado (PSCo). “It is estimated that 90% to 100% of base gas will be injected by June 29,” CIG said in its Federal Energy Regulatory Commission (FERC) filing. “Work on the gas dehydration and conditioning plant will continue for several months.” Sustained withdrawal of storage gas will be available after the successful injection of PSCo’s working gas. FERC approved the Totem Gas Storage facility just over a year ago. It involved the conversion of a depleted oil and gas field near Denver for storage use to meet the existing peak-day and load-growth needs for local gas distribution systems along the Colorado Front Range area. The total planned capacity was 10.7 Bcf, composed of 7 Bcf of working gas and 3.7 Bcf of base gas. Totem storage is designed to connect with CIG’s existing pipeline network via CIG’s 164-mile High Plains expansion project, which FERC approved in March 2008.

Colorado Interstate Gas Company (CIG) has asked FERC for authorization to commence service no later than June 29 on the Totem Gas Storage Field Project in Adams County, CO. The company said it was nearing completion of construction of the initial phase and injection of base gas. It proposes to then begin injections of up to 6 Bcf of working gas. The sole customer for the facility is Public Service Co. of Colorado (PSCo).

FERC Tuesday gave Colorado Interstate Gas Co. (CIG) the green light to begin construction of a new natural gas storage project in Adams County, CO.

Spectra Energy has received nominations exceeding 325,000 Dth/d for transportation services on Texas Eastern’s proposed TIME III expansion, the company said Thursday.

Better than expected gas prices during the first quarter have prompted Canaccord Adams to boost its 2007 Henry Hub price forecast to $7.50/MMBtu from $7.00/MMBtu, the firm said Friday. Its 2008 assumption of $8.25/MMBtu remains unchanged.