Adding

ONEOK Partners LP said Wednesday that Fort Union Gas Gathering LLC is doubling its existing gathering pipeline capacity by adding 148 miles of new gathering lines and 649 MMcf/d of additional capacity. A ONEOK Partners’ subsidiary, Crestone Powder River LLC, has a 37.04% interest in Fort Union Gas Gathering.

ONEOK Partners LP said Wednesday that Fort Union Gas Gathering LLC is doubling its existing gathering pipeline capacity by adding 148 miles of new gathering lines and 649 MMcf/d of additional capacity. A ONEOK Partners’ subsidiary, Crestone Powder River LLC, has a 37.04% interest in Fort Union Gas Gathering.

Adding to a busy week for the New York Mercantile Exchange (Nymex) that included new product offerings (see Daily GPI, Dec. 21) and accusations of merger interference (see Daily GPI, Dec. 22), as well as grumblings surrounding its scaled-down 2007 holiday schedule (see Daily GPI, Dec.21), the exchange reported Thursday that it will launch its first energy index futures contract, 3-2-1 Plus as part of the Nymex iPort suite of index futures contracts beginning on Jan. 21 for trade date Jan. 22.

Adding to its stable of production plays, Denver-based PRB Energy Inc. said it is acquiring 13 natural gas wells and 330,000 net acres in the Denver-Julesburg Basin of northeastern Colorado and southwestern Nebraska. Terms of the deal and the seller’s identity were not disclosed.

Adding to its stable of production plays, Denver-based PRB Energy Inc. said Tuesday that it is acquiring 13 natural gas wells and approximately 330,000 net acres in the Denver-Julesburg Basin of northeast Colorado and southwest Nebraska. Terms of the deal and the seller’s identity were not disclosed.

Southern California Public Power Authority (SCPPA) is expanding its gas-buying efforts for some of its municipal utility members, adding to a previously announced purchase of Barnett Shale reserves. It also has tapped Goldman Sachs to handle massive pre-payment of future gas supplies stretching over the next 20 to 30 years. Neither contract is a done deal yet, but both should be wrapped up by early next year, an SCPPA official said last Monday.

Southern California Public Power Authority (SCPPA) is expanding its gas-buying efforts for some of its municipal utility members, adding to a previously announced purchase of Barnett Shale reserves. It also has tapped Goldman Sachs to handle massive pre-payment of future gas supplies stretching over the next 20 to 30 years. Neither contract is a done deal yet, but both should be wrapped up by early next year, a SCPPA official said Monday.

The predicted shakeout of Gulf Coast/Gulf of Mexico liquefied natural gas (LNG) projects is well under way, with ConocoPhillips adding its Beacon Port Clean Energy terminal offshore Louisiana to a growing list of projects that have been mothballed or canceled in recent weeks. Beacon Port’s demise follows ConocoPhillips’ other offshore LNG project, Compass Port, ExxonMobil’s Pearl Crossing, BP’s Bay Crossing/Pelican Island project onshore Texas and several others.

The predicted shakeout of Gulf Coast/Gulf of Mexico liquefied natural gas (LNG) projects is well under way, with ConocoPhillips adding its Beacon Port Clean Energy terminal offshore Louisiana to a growing list of projects that have been mothballed or canceled in recent weeks (see Daily GPI, March 23). Beacon Port’s demise follows ConocoPhillips’ other offshore LNG project, Compass Port, ExxonMobil’s Pearl Crossing, BP’s Bay Crossing/Pelican Island project onshore Texas and several others.