Begun

Despite record natural gas drilling begun in 2000 and boosted through mid-year, U.S. production may actually show a year-over-year decline by the time fourth quarter reports are released, according to energy analysts following quarterly reports by exploration and production (E&P) companies. However, in Canada, September natural gas production is up and will be up at the end of the year, putting more pressure on prices and E&P values both in the Lower 48 and Canada as pipeline capacity fills up.

Despite record natural gas drilling begun in 2000 and boosted through mid-year, U.S. production may actually show a year-over-year decline by the time fourth quarter reports are released, according to energy analysts following quarterly reports by exploration and production (E&P) companies. However, in Canada, September natural gas production is up and will be up at the end of the year, putting more pressure on prices and E&P values both in the Lower 48 and Canada as pipeline capacity fills up.

AES Corp. has begun an open season for capacity on a 76-mile pipeline that it plans to build from a small island in the Bahamas, which it purchased in July, to southern Florida to meet the expanding demand for natural gas by power generators and distributors in the Sunshine State and elsewhere in the Southeast.

AES Corp. has begun an open season for capacity on a 76-mile pipeline that it plans to build from a small island in the Bahamas, which it purchased in July, to southern Florida to meet the expanding demand for natural gas from power generators and distributors in the Sunshine State and elsewhere in the Southeast.

Based on current operating conditions and future prices for coal and natural gas, CONSOL Energy CEO J. Brett Harvey told investors Thursday at the Friedman Billings Ramsey 8th Annual Investor Conference in Washington, DC, that he expects the company to earn about 2 cents/share below Wall Street estimates of $0.52/share for the six-month transition period ending Dec. 31.

Gulf South Pipeline Co. LP, formerly Koch Gateway Pipeline, has begun an open season for 1 Bcf/d of new capacity on its Gulf Pines Pipeline project that would provide interstate transportation service to parts of the North and South Carolina markets that currently aren’t being served by competitors.

Gulf South Pipeline Co. LP, formerly Koch Gateway Pipeline, has begun an open season for 1 Bcf/d of new capacity on its Gulf Pines Pipeline project that would provide interstate transportation service to parts of the North and South Carolina markets that currently aren’t being served by competitors.

Shell Exploration & Production (SEPCo) announced that it has begun oil and gas production from its 100%-owned Brutus tension leg platform (TLP) located in Green Canyon Block 158 in 2,985 feet of water in the Gulf of Mexico. Production began on Aug. 3 and is continuing to ramp up. The average daily production rate currently is about 25,000 barrels of oil and 35 MMcf of gas from the first well. A peak daily production rate of 100,000 barrels of oil and 150 MMcf of gas from the Brutus field is expected to be reached by the second quarter of 2002. Gross ultimate recovery is estimated at about 250 million boe.

Shell Exploration & Production (SEPCo) announced that it has begun oil and gas production from its 100%-owned Brutus tension leg platform (TLP) located in Green Canyon Block 158 in 2,985 feet of water in the Gulf of Mexico. Production began on Aug. 3 and is continuing to ramp up. The average daily production rate currently is about 25,000 barrels of oil and 35 MMcf of gas from the first well. A peak daily production rate of 100,000 barrels of oil and 150 MMcf of gas from the Brutus field is expected to be reached by the second quarter of 2002. Gross ultimate recovery is estimated at about 250 million boe.