Affiliates

Creole Trail Proposes Expansion to Accommodate Sabine Pass Liquefaction

Creole Trail Pipeline Co. LP has asked FERC for the go-ahead to modify its system to accommodate the delivery of raw gas to a liquefaction project that Cheniere Energy affiliates Sabine Pass LNG and Sabine Pass Liquefaction are planning to build in Cameron Parish, LA.

May 14, 2012

KKR Buys Barnett, Arkoma Properties from WPX

Kohlberg Kravis Roberts & Co. LP (KKR) and affiliates have agreed to pay $306 million to acquire Barnett Shale and Arkoma Basin properties from WPX Energy.

April 3, 2012

Gulf Crossing Proposes Enhanced Gas Services for Power Generators

Following in the footsteps of its affiliates, Gulf Crossing Pipeline Co. LLC Wednesday proposed adding an enhanced service to its tariff to serve the growing natural gas demand of power generators, industrial customers and local distribution companies (LDC).

March 29, 2012

Industry Brief

Total Fina SA and its affiliates have agreed to pay the federal government $14.6 million plus interest to resolve claims that the companies underpaid royalties owed on natural gas produced from federal and American Indian lands. The settlement between the United States and Total Fina, Total Oil and Chemical Co., Total Minatome Corp., Total Exploration Production U.S.A. Inc., Fina Oil & Chemical Co., Elf Exploration Inc. and Total E&P USA Inc. covers the period from August 1986 to the present. The agreement arises from a lawsuit filed by Harold E. Wright under the Federal False Claims Act. Under the qui tam, or whistleblower, provisions of the act, a private citizen may file actions on behalf of the U.S. government and share in the recovery of funds. Because Wright is deceased, his heirs will receive $23,000 as part of their share of the settlement. The Total settlement and numerous agreements with other energy companies in recent years have returned approximately $280 million to the federal government and Indian lessors, said Greg Gould, the Interior Department’s acting deputy assistant secretary for Natural Resources Revenue.

February 23, 2012

Transportation Notes

In a 9 p.m. PST update Wednesday, affiliates Southern California Gas and San Diego Gas & Electric said projected receipts into their Southern System for Thursday’s gas day were expected to be sufficient to meet minimum requirements and therefore a Curtailment Watch was canceled.

December 9, 2011

Industry Briefs

Crestwood Midstream Partners LP has agreed to acquire Tristate Sabine LLC from affiliates of Energy Spectrum Capital, Zwolle Pipeline LLC and Tristate management for $65 million in cash at closing plus a deferred payment of $8 million one year later. The entities to be acquired own and operate 52 miles of gas gathering pipelines in Sabine Parish, LA, known as the Tristate System, which serves Haynesville and Bossier shale production from the Toledo Bend South field area for delivery to Gulf South Pipeline and Tennessee Gas Pipeline. Contracts dedicate about 20,000 acres under long-term, fixed-fee arrangements, and capacity is being expanded to 100 MMcf/d for gathering and 80 MMcf/d for treating. The acquisition is expected to close on Nov. 1 and will be financed with borrowings under Crestwood’s credit facility.

October 19, 2011

Atmos Accused of Flipping, SMHT Violations

FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.

August 29, 2011

FERC Accuses Atmos Energy of Flipping, SMHT Violations

FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.

August 17, 2011

Shell Settles in Long-Running Royalty Case

Shell Oil Co. and some of its affiliates have agreed to pay the United States $2.2 million to resolve claims that they violated the False Claims Act by underpaying royalties owed on natural gas produced from federal leases. It is the latest settlement in a long-running whistle-blower case.

May 12, 2011

Transportation Notes

Affiliates Southern California Gas and San Diego Gas and Electric lifted Friday transmission curtailments for all interruptible and a number of firm noncore customers in southeast California’s Riverside, Imperial and San Diego counties.

February 7, 2011