Nine of Colorado’s leading natural gas and oil producers joined with Gov. Bill Ritter on Tuesday to announce agreements designed to expedite the drilling permit process while minimizing impacts to wildlife habitat on hundreds of thousands of acres in the Piceance Basin on the Western Slope.
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Transportation Notes
Southern California Gas waited until Thursday afternoon to announce a high-linepack OFO for Friday. It carried a 10% tolerance for positive daily imbalances.
Transportation Notes
Southern California Gas waited until Thursday afternoon to announce a high-linepack OFO for Friday. It carried a 10% tolerance for positive daily imbalances.
Alaska Gasline Coordinator Resigns
Drue Pearce, federal coordinator for the Alaska natural gas transportation project, said she will resign effective Jan. 3 at the president’s request.
Shell Slashing More Jobs, Sources Say
Royal Dutch Shell plc is set to announce “substantial” job cuts in the coming days, sources told NGI Friday.
Alberta to Revise Gas Drilling Incentives
Alberta officials as soon as Thursday are expected to announce revamped natural gas drilling incentives to improve the province’s appeal to producers and investors, Premier Ed Stelmach said.
Penn Virginia Lowers Spending, Maintains ‘Ample’ Drilling Locations
Erosion in natural gas and oil prices and continued uncertainty in the markets led onshore producer Penn Virginia Corp. on Friday to announce plans to reduce 2009 capital spending. It also lowered 2009 production guidance.
Atlas Pipeline Pursuing Sale of Assets
Atlas Pipeline Partners expects to announce three definitive deals for the sale of all of its Ozark assets, including the 565-mile, 400 MMcf/d interstate Ozark Gas Transmission, 50% of its new Nine Mile processing plant, and an interest in its Appalachia system within the next few weeks, which will “have significant deleveraging impact,” company officials said Tuesday.
Atlas Pipeline Pursuing Sale of Assets
Atlas Pipeline Partners expects to announce three definitive deals for the sale of all of its Ozark assets, including the 565-mile, 400 MMcf/d interstate Ozark Gas Transmission, 50% of its new Nine Mile processing plant, and an interest in its Appalachia system within the next few weeks, which will “have significant deleveraging impact,” company officials said Tuesday.
Williams Pondering Another Transformation
Williams might reconfigure its business to boost shareholder value and could announce a decision in the first quarter, the company said last Thursday. Among potential changes is the separation of one or more main business units. Meanwhile, exploration and production (E&P) drove robust improvement in the third quarter.