A deal reached last year that transferred all of Chevron’s oiland gas assets in Utah’s Uinta Basin to the newly formed ShenandoahEnergy (SEI) in exchange for an equity ownership interest is payingoff big time for the energy giant, said Chevron North AmericaPresident George L. Kirkland.
Assets
Articles from Assets
Enron-led Group Buys Columbia’s Retail Unit
Columbia Energy Group announced today it is stripping offanother of its unregulated assets prior to its merger with NiSourceInc., with a definitive agreement to sell its retail energy massmarketing operations to The New Power Company, a retail venturerecently launched by Enron, with help from IBM and America Online.(see GPI Daily, May 17)
Enron-led Group Buys Columbia’s Retail Marketing Operations
Columbia Energy Group announced last Friday it is stripping off another of its unregulated assets prior to its merger with NiSource Inc., with a definitive agreement to sell its retail energy mass marketing operations to The New Power Company, a retail venture recently launched by Enron, with help from IBM and America Online (see NGI, May 22).
Natural Proposes Sale Of One-Third of Gulf Assets
Natural Gas Pipeline Company of America (NGPL) is seeking agreen light to sell off 110 miles of offshore supply laterals andcertain abandoned, retired facilities in the Gulf of Mexico toGreen Canyon Pipe Line Co. LLC for an estimated $1.3 million.
Natural Selling Gulf Gathering Assets
Natural Gas Pipeline Company of America (NGPL) is seeking agreen light to sell off 110 miles of offshore supply laterals andcertain abandoned, retired facilities in the Gulf of Mexico toGreen Canyon Pipe Line Co. LLC for an estimated $1.3 million.
Kinder Morgan Pays Hefty Refunds to Pipe Customers
In compliance with a major rate settlement approved by FERC inDecember, Kinder Morgan Interstate Gas Transmission LLC (KMI)earlier this week reported it paid a whopping $32.6 million inrefunds to customers on its mainline and Buffalo Wallow system lastmonth.
Real-Time Auction of O&G Assets Set for April
The Oil & Gas Asset Clearinghouse will hold anotherlive/Internet energy property auction later this month.
Atmos Picks Up Citizens’ Louisiana Distribution Assets
Continuing its aggressive acquisitions strategy, Atmos EnergyCorp. said last week it has reached a definitive agreement to pay$375 million for the gas operations of two Citizens Utilities Co.distribution subsidiaries – Louisiana Gas Service Co. and LGSNatural Gas Co. Atmos said the acquisitions will make it thelargest natural gas distributor in Louisiana with 359,000customers.
Real-Time Auction of O&G Assets Set for April
The Oil & Gas Asset Clearinghouse will hold anotherlive/Internet energy property auction later this month.
Kinder Fully Subscribes NGPL Storage Capacity
The previously underutilized pipeline and storage assets ofNatural Gas Pipeline Company of America (NGPL) have enjoyed robustvolume growth under the management of the merged KN Energy andKinder Morgan. Last week, Kinder Morgan’s NGPL said it has fullysubscribed its storage service with the latest of a number ofdeals.