Devon Energy Corp.’s net Barnett Shale production surpassed the magic number of 1 Bcfe/d in April, a milestone achieved 21 months ahead of the company’s original target date.
April
Articles from April
Transportation Notes
Pacific Gas & Electric did not extend a systemwide low-inventory OFO beyond Tuesday.
Spectra Energy Partners Completes Storage Acquisition
Spectra Energy Partners LP completed its previously announced acquisition of the equity interests of Saltville Gas Storage Co. LLC and the P-25 pipeline from Spectra Energy Corp. on April 4, it said Tuesday.
Record-Setting Gas Rights Sale in Saskatchewan
The sale of Crown petroleum and natural gas rights in Saskatchewan for February raised C$197 million for the province, more than doubling the old record of C$85 million set in 1994. The 2007-08 fiscal year total of C$419 million also set a record, more than doubling the previous record of C$202 million set in 1994-95, according to the Saskatchewan government.
Ingleside Asks for More Time to Develop Texas LNG Project
Ingleside Energy Center LLC and San Patricio Pipeline LLC Thursday asked FERC for an extension until April 30, 2011 to complete construction on a liquefied natural gas (LNG) terminal in Texas and its associated pipeline.
Ingleside Asks for More Time to Develop Texas LNG Project
Ingleside Energy Center LLC and San Patricio Pipeline LLC last Thursday asked FERC for an extension until April 30, 2011 to complete construction on a liquefied natural gas (LNG) terminal in Texas and its associated pipeline.
California Lands Unit OKs Expansion of North Baja Pipeline
With the state’s governor saying natural gas needs to play a key energy role, the California State Lands Commission (CSLC), which in April dumped on a proposed offshore liquefied natural gas (LNG) terminal, recently gave its approval to a proposed expansion of the North Baja Pipeline to enhance the state’s ability to receive some of the supplies starting next year at Sempra Energy’s Costa Azul LNG receiving terminal along the Pacific Coast of North Baja California, Mexico.
California Lands Unit OKs Expansion of North Baja Pipeline
With the state’s governor saying natural gas needs to play a key energy role, the California Lands Commission, which in April dumped on a proposed offshore liquefied natural gas (LNG) terminal, last Friday gave its approval to a proposed expansion of the North Baja Pipeline to enhance the state’s ability to receive some of the supplies starting next year at Sempra Energy’s Costa Azul LNG receiving terminal along the Pacific Coast of North Baja California, Mexico.
Industry Briefs
AGL Resources initiated a non-binding open season April 30 for a proposed high- deliverability natural gas storage facility in the Spindletop salt dome in Beaumont, TX. The open season for 12 Bcf of working capacity will extend through 5 p.m. CDT May 18. Golden Triangle Storage, a wholly owned subsidiary of AGL Resources, proposes to develop a gas storage facility consisting of two salt-dome storage caverns. The first 6 Bcf cavern is scheduled for full commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to be in operation in 2013. Located at a highly liquid market point, Golden Triangle Storage will interconnect with six intrastate/interstate pipelines serving diverse markets with counter-seasonal demand. The project is located near natural gas supplies, including East Texas gas fields, offshore deep water wells and gas imported through area liquefied natural gas (LNG) terminals. Prospective customers should contact Ed Gottlob at (832) 397-1798 or Laura McGuire Heckman at (832) 397-8503. Additional information, including bid procedures and a bid form, is available at www.goldentrianglestorage-texas.com/
U.S. LNG Imports Tracking 60% Growth in ’07, Keeping Lid on Prices
U.S. liquefied natural gas (LNG) imports were up 41% in April compared with a year ago and remain on track to grow 60% or more in 2007, a sign that the global LNG market “may be coming of age,” Lehman Brothers analyst Thomas Driscoll said. He noted that the effect on gas prices, however, is decidedly bearish.