Adding

Industry Briefs

Crosstex Energy LP said it is buying 48 amine treating rental plants of Hanover Compression LP for $52 million. “Thirty-two of the treating plants we are buying are in operation adding about 20 new customers, and the other 16 are ready for refurbishment and will be available to meet our customers treating needs,” said Crosstex CEO Barry E. Davis. “This purchase complements our coverage of the amine treating rental market, and will allow us to expand our service capabilities to all our treating customers by providing a larger treating plant fleet with more inventory to better target their needs.” The transaction is expected to be completed in February. Hanover and Crosstex also entered into a three-year strategic alliance for compression services and equipment.

January 11, 2006

Rockies Express to Lease 1.5 Bcf/d of Overthrust Capacity; Starts NEPA Process

Adding another significant supply component to its proposed 1,350-mile Rockies Express pipeline system, Kinder Morgan Energy Partners LP and Sempra Pipelines & Storage signed a new binding memorandum of understanding to lease 1.5 Bcf/d of capacity on Questar Corp.’s Overthrust Pipeline system in Wyoming to fill in the western end of the line. The deal came as FERC granted a request by Rockies Express sponsors to initiate the National Environmental Policy Act (NEPA) pre-filing process for the first segment of the project.

December 5, 2005

Rockies Express Signs Capacity Lease Deal for 1.5 Bcf/d of Overthrust Capacity; Starts NEPA Process

Adding another significant supply component to its proposed 1,350-mile Rockies Express pipeline system, Kinder Morgan Energy Partners LP and Sempra Pipelines & Storage signed a new binding memorandum of understanding to lease 1.5 Bcf/d of capacity on Questar Corp.’s Overthrust Pipeline system in Wyoming to fill in the western end of the line. The deal came as FERC granted a request by Rockies Express sponsors to initiate the National Environmental Policy Act (NEPA) pre-filing process for the first segment of the project.

November 22, 2005

Nymex Unveils Real-Time Energy SquawkBox

Adding to its range of services, the New York Mercantile Exchange (Nymex) on Wednesday rolled out SquawkBox, its latest tool for energy trading. SquawkBox gives all traders equal access to the “roar and sounds” of the light, sweet crude oil and natural gas futures trading rings.

November 17, 2005

Sabine Lifts Force Majeure at Several Additional Henry Hub Interconnects

Adding to the reinstated interconnect points on its system, Sabine Pipe Line LLC reported that its force majeure for Meter 1552 — NGPL/Henry Hub (NGPL to Sabine) — was lifted on Wednesday and the company is accepting nominations at that location.

October 7, 2005

Concerns Raised About Growing Chinese Energy Investment in Western Canada

Adding to the growing Western paranoia regarding China’s bold energy plays internationally, the northern Alberta, Canada oil sand deposits are now receiving hundreds of millions of dollars for development from the Chinese government, according to a report in Monday’s Los Angeles Times, citing growing concerns in the Bush Administration, which is monitoring the situation closely.

July 19, 2005

Mackenzie Pipeline Project Hearings Postponed

Public hearings on the C$7 billion Mackenzie Gas Project have been postponed for at least two months, with the sponsors adding they cannot predict how long the delay will turn out to be for Canada’s arctic development. In a letter to the National Energy Board, senior Mackenzie partner Imperial Oil Ltd. said the project will not be ready for hearings that were planned for late summer or early fall.

July 18, 2005

Alberta Flooded with Surplus Power

A tightening squeeze by high fuel prices and a regional surplus of generating capacity is pushing Alberta toward adding electricity to its traditional product lines of natural gas and oil as Canada’s principal energy exporting jurisdiction.

April 4, 2005

Cooler Weather Trend Helps Raise Prices

With a little help from the previous day’s futures advance, spreading cold weather was able to keep prices on the rise at nearly all points Wednesday. Only flat numbers at a couple of Rockies points prevented gains across the board. Otherwise, upticks ranged from 2 cents to about 35 cents.

February 17, 2005

Xcel Plans to Sell Smaller Utilities, Focuses on Major Markets

While being bullish about adding major generation assets in its two principal markets in Minnesota and Colorado, Xcel Energy is looking to sell some of its assets in other states where its presence is much smaller, said Xcel COO Dick Kelly, speaking last Wednesday at the Banc of America Securities Energy & Power Conference in Las Vegas.

November 22, 2004
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