Block

Pirate Sues to Block Aquila Sale to Great Plains Energy

Hedge fund Pirate Capital LLC is suing to block Great Plains Energy Inc.’s acquisition of Aquila and its Missouri-based electric utility by Kansas City Power & Light (KCP&L) parent Great Plains Energy Inc. for about $1.7 billion in cash and stock plus assumption of $1 billion of Aquila debt.

April 18, 2007

Special Master Says Delaware Has Jurisdiction over Proposed LNG Pier

A special master to the U.S. Supreme Court has ruled that the state of Delaware has the authority to block the construction of an off-loading pier that would serve a liquefied natural gas (LNG) terminal being proposed by BP’s Crown Landing LLC along the Delaware River in Logan Township, NJ.

April 17, 2007

FL Lawmaker Urges U.S. to Work with Allies to Block Gas Cartel

The major natural gas-consuming countries of the United States, Europe and Asia should work cooperatively to block leading gas exporters from creating an OPEC-like organization for gas, Rep. Ileana Ros-Lehtinen (R-FL) said last Monday in a letter to Secretary of State Condoleeza Rice.

April 9, 2007

FL Lawmaker Urges U.S. to Work with Allies to Block Gas Cartel

The major natural gas-consuming countries of the United States, Europe and Asia should work cooperatively to block leading gas exporters from creating an OPEC-like organization for gas, Rep. Ileana Ros-Lehtinen (R-FL) said Monday in a letter to Secretary of State Condoleeza Rice.

April 3, 2007

Senate Bill Seeks to Block Cuba Oil, Gas Drilling

Sen. Mel Martinez (R-FL) has offered legislation to block Cuba from engaging in oil and natural gas production off the Florida coastline. Rep. Ileana Ros-Lehtinen (D-FL) said she plans to introduce a similar bill in the House.

April 2, 2007

Senate Bill Seeks to Block Cuba Oil, Gas Drilling

Sen. Mel Martinez (R-FL) has offered legislation that would block Cuba from engaging in oil and natural gas production off the Florida coastline. Rep. Ileana Ros-Lehtinen (D-FL) said she plans to introduce a similar bill in the House.

March 27, 2007

FTC: Equitable Buyout of Dominion Peoples Would Create Monopoly

The Federal Trade Commission (FTC) Wednesday took steps to block Equitable Resources Inc.’s proposed acquisition of Dominion Peoples (see Daily GPI, March 3, 2006), saying the merger would create a natural gas monopoly in certain areas of Allegheny County, PA, especially Pittsburgh.

March 19, 2007

FTC: Equitable Buyout of Dominion Peoples Would Create Monopoly

The Federal Trade Commission (FTC) last Wednesday took steps to block Equitable Resources Inc.’s proposed acquisition of Dominion Peoples (see NGI, March 6, 2006), saying the merger would create a natural gas monopoly in certain areas of Allegheny County, PA, especially Pittsburgh.

March 19, 2007

Transportation Notes

Transco said unfavorable weather had delayed the progress of repairs to a section of pipe in Eugene Island Block 135 on its Southeast Louisiana Lateral that was damaged during Hurricanes Katrina and Rita. Transco now anticipates completion of the work on Feb. 15; it had previously expected to finish Jan. 31 (see Daily GPI, Jan. 16).

January 25, 2007

Industry Briefs

New York-based Hess Corp. has completed sidetracking its Pony discovery in Green Canyon Block 468, which established a record for the deepest conventional core ever recovered in the deepwater Gulf of Mexico. Results to date in its 100%-owned discovery have been consistent with pre-drill expectations, and total hydrocarbon resource on the Hess acreage is estimated to be in the range of 100-600 MMboe. The sidetrack well, drilled approximately 2,700 feet northeast of the discovery well to a depth of 30,634 feet, encountered 280 feet of oil-saturated sandstone in Miocene age reservoirs after penetrating 60% of its geological objective. Hess said the oil bearing section in the sidetrack well is similar in thickness and quality to the equivalent interval in the discovery well, which was drilled to 32,448 feet and encountered 475 feet of oil saturated sandstone. The company will next drill an appraisal well with the Ocean Baroness rig at the Pony No. 2 location, about 7,400 feet northwest of the discovery well.

January 8, 2007
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