Agreements

Atmos Energy Corp. subsidiaries Atmos Pipeline and Storage LLC (APS) and Fort Necessity Gas Storage have made agreements with Delhi Gas Storage LLC, a subsidiary of Icon NGS LLC, to allow Delhi to develop the proposed Ft. Necessity salt-dome gas storage project in Franklin Parish, LA. Delhi has been granted the right to drill a brine disposal well and undertake tests to better define the characteristics of the brine disposal formation. If Delhi completes the well and wishes to proceed with the development, it has the right to contribute the brine well test results and acquire a controlling interest in Ft. Necessity, which will own all of the project assets. APS will retain a capital position in Ft. Necessity and will share in a variable percentage of the profits. Upon its exercise of its option, Delhi will have the sole responsibility for managing Ft. Necessity and will provide funding for all future development. Delhi will have the option to purchase APS’s interest at varying stages of development at predetermined pries. Should the project be developed, Atmos Energy Marketing LLC has agreed to purchase some firm storage service.

Cardinal Pipeline Co. LLC said it has executed precedent agreements to increase its firm capacity by 199,000 Dth/d. The pipeline will transport additional gas to serve markets served by Piedmont Natural Gas Co. Inc. and Public Service Co. of North Carolina (PSNC) from an interconnect with Williams Partners LP’s Transco pipeline. The $39 million Cardinal System Expansion project is scheduled to enter service in July 2012 and has been designed to serve growth on Piedmont’s and PSNC Energy’s distribution systems, including an expansion on Piedmont’s system to serve Progress Energy Carolinas’ planned gas-fired power generation facility in Wayne County, NC. Cardinal Pipeline is a 105-mile, 24-inch diameter pipeline from Rockingham County, NC, to a point southeast of Raleigh, NC, with a design capacity of approximately 279,000 Dth/d. The pipeline is a North Carolina limited liability company whose members are wholly owned subsidiaries of Williams Partners, PSNC Energy and Piedmont.

Cardinal Pipeline Co. LLC said it has executed precedent agreements to increase its firm capacity by 199,000 Dth/d. The pipeline will transport additional gas to serve markets served by Piedmont Natural Gas Co. Inc. and Public Service Co. of North Carolina (PSNC) from an interconnect with Williams Partners LP’s Transco pipeline. The $39 million Cardinal System Expansion project is scheduled to enter service in July 2012 and has been designed to serve growth on Piedmont’s and PSNC Energy’s distribution systems, including an expansion on Piedmont’s system to serve Progress Energy Carolinas’ planned gas-fired power generation facility in Wayne County, NC. Cardinal Pipeline is a 105-mile, 24-inch diameter pipeline from Rockingham County, NC, to a point southeast of Raleigh, NC, with a design capacity of approximately 279,000 Dth/d. The pipeline is a North Carolina limited liability company whose members are wholly owned subsidiaries of Williams Partners, PSNC Energy and Piedmont.

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said last week.

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said Wednesday.

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said Wednesday.

A unit of Williams Cos. Inc. said Friday it has executed precedent agreements for a proposed Transcontinental Gas Pipe Line Co. (Transco) expansion to provide an additional 142,000 Dth of incremental firm natural gas transportation capacity to serve growing markets in the Mid-Atlantic region by November 2012.

A unit of Williams Cos. Inc. said Friday it has executed precedent agreements for a proposed Transcontinental Gas Pipe Line Co. (Transco) expansion to provide an additional 142,000 Dth of incremental firm natural gas transportation capacity to serve growing markets in the Mid-Atlantic region by November 2012.

Chesapeake Energy Corp., Consolidated Edison and Statoil Natural Gas have stepped up with binding precedent agreements for capacity on an expansion of Spectra Energy Corp.’s Texas Eastern Transmission and Algonquin Gas Transmission systems to deliver gas to the New Jersey and New York area. The commitments are enough for the company to proceed with the project, Spectra said.