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Operating on the premise that a little here and a little there adds up to a fully functioning delivery system, the Federal Energy Regulatory Commission approved three expansion projects last Wednesday in the Southeast, Midwest and Northeast.

Operating on the premise that a little here and a little there adds up to a fully functioning delivery system, the Federal Energy Regulatory Commission approved three expansion projects Wednesday in the Southeast, Midwest and Northeast.

Ever-expanding San Jose, CA-based Calpine Corp., one of the nation’s fastest growing merchant power plant developers, Tuesday bought another 236 Bcf of natural gas reserves through two purchases–one in the San Juan Basin in New Mexico and the other in South Texas. This brings Calpine’s gas reserves to about 1.5 Tcf, with a goal of having 6.7 Tcf in the company’s portfolio by the end of 2005 to support an almost exclusively gas-fired fleet of plants totaling 70,000 MW of output.

As oil and gas exploration continues in high gear mode to erase the supply/demand imbalance, Kerr-McGee Corp. reported that it has increased its international position in high potential trends by nearly 10% so far in 2001. The Oklahoma City-based company said it has acquired interests in more than 3 million additional deepwater acres around the globe.

Dallas-based Atmos Energy Corp. has completed its purchase of Louisiana Gas Service Co. (LGS) and LGS Natural Gas Co. from Citizens Communications Co. for $365 million in cash, giving it a customer base of almost 279,000, which company officials said makes it the fifth largest pure gas utility in the United States and the largest in Louisiana. The deal was announced last year (see Daily GPI, April 14, 2000).

As oil and gas exploration continues in high gear mode to erase the supply/demand imbalance, Kerr-McGee Corp. reported that it has increased its international position in high potential trends by nearly 10% so far in 2001. The Oklahoma City-based company said it has acquired interests in more than 3 million additional deepwater acres around the globe..

Looking to establish a foothold in the PJM market, NRG Energy last Monday announced that it has acquired 1,081 MW of baseload electric generating plants from Delmarva Power and Light, a subsidiary of Conectiv. As part of the agreement, NRG entered into both short- and long-term purchase power contracts with Delmarva Power to provide energy and capacity for the Delmarva Peninsula.

Looking to establish a foothold in the PJM market, NRG Energy yesterday announced that it has acquired 1,081 MW of baseload electric generating plants from Delmarva Power and Light, a subsidiary of Conectiv. As part of the agreement, NRG entered into both short- and long-term purchase power contracts with Delmarva Power to provide energy and capacity for the Delmarva Peninsula.

Houston-based Apache Corp. is finding sweet success along the Outer Continental Shelf of the Gulf of Mexico, reporting that it has made five discoveries and 13 successful development wells — moving it up as the fourth ranked OCS producer for the first half of 2001. With the new wells, Apache’s current net production along the OCS is 345 MMcf and 34,000 b/d.