Amount

The amount of working gas in storage at the end of the winterheating season (March 31) will be at a record low, according to anew report by the Energy Information Administration (EIA). In fact,some operators may be forced to dip into their base gas inventoriesto maintain facilities.

The amount of working gas in storage at the end of the winterheating season (March 31) will be at a record low, according to anew report by the Energy Information Administration (EIA). In fact,some operators may be forced to dip into their base gas inventoriesto maintain facilities.

Duke Energy North America (DENA) is making good on its promiseto bring a significant amount of new electricity generation onlineby summer 2002. Yesterday the company broke ground on itspreviously announced Arlington Valley Energy Facility located inMaricopa County, AZ (see Daily GPI, Feb. 8).

The amount of new gas-fired power generation planned for the next two years reveals the rather alarming possibility that an additional 10 Bcf/d of gas demand could be added to the gas market before the end of 2002 from power demand alone, according to a report by Raymond James & Associates.

The amount of new gas-fired power generation planned for thenext two years reveals the rather alarming possibility that anadditional 10 Bcf/d of gas demand could be added to the gas marketbefore the end of 2002 from power demand alone, according to areport by Raymond James & Associates.

PanCanadian Petroleum encountered a huge amount of gas with itsthird Deep Panuke appraisal well, M-79A, drilled offshore NovaScotia. During a five-day test, the well flowed at an average rateof more than 63 MMcf/d despite limitations in the downholeconfiguration of the test string.

Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.

Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.

Avista Advantage, a subsidiary of Avista Corp., has completed aninvestment agreement for an undisclosed amount with Wayne, PA-basedEnerTech Capital Partners to help refine, expand and market theSpokane, WA-based company’s suite of facility cost managementservice offerings. The agreement completes Avista Advantage’s firstround of private equity financing. Gary G. Ely, Avista Corp.’sacting CEO, said the agreement “will focus new attention on thisimportant market segment, and create new value growth opportunitiesfor both companies.” EnerTech, one of the Safeguard Scientificsfunds, is based in Wayne, PA. It specializes in companies poisedfor growth through deregulation, targeting the convergence of theenergy, utility and telecommunications industries.