Building

CEO Peter Dea’s vision for Barrett Resources Inc. in the mid-1990s was to build the premier exploration and production company in the Rocky Mountains and to double its reserve base in three to five years. Through a solid execution plan that was only temporarily distracted with E&P in the Gulf of Mexico, Barrett has had 13% annual growth in the past six years with production standing at 350 MMcf/d — effectively doubling its reserve base in less than three years.

Dynegy Inc. reported on Tuesday that it is planning to more than double its natural gas processing capacity in the Chico, TX, region by building a 150 MMcf/d gas processing facility. The move was deemed necessary in response to increased drilling and production activity at the Barnett Shale formation in North Texas.

Building on modest short-covering related advances achieved Friday, natural gas futures plowed higher yesterday as traders returned to the office to find that meteorologists had not backed away from their forecasts calling for hot temperatures across an extended area of the country over the next 10 days. With that, the September contract took over as the prompt month at Nymex with a neat, 15.9-cent gain to close at $3.353.

FERC last week issued a certificate to Questar Pipeline to begin building its 75-mile, 272,000 Dth/d pipeline loop running from northeastern Utah to the north central part of the state. The proposed facilities would transport to western markets the growing coal-seam natural gas production near Price, UT, and the volumes delivered to Questar from Colorado Interstate Gas’s (CIG) Uinta Basin Lateral at Natural Buttes.

FERC yesterday issued a certificate to Questar Pipeline to begin building its 75-mile, 272,000 Dth/d pipeline loop running from northeastern Utah to the north central part of the state. The proposed facilities would transport to western markets the growing coal-seam natural gas production near Price, UT, and the volumes delivered to Questar from Colorado Interstate Gas’s (CIG) Uinta Basin Lateral at Natural Buttes.

Due to Houston area flooding, the Greenway 9 Plaza building that houses Tennessee’s Transportation Services Department is closed until further notice, the pipeline said Tuesday. Volume analysts can be reached at alternative phone numbers listed on the bulletin board. Affiliate ANR is also being affected by the disruption of power and communications at Greenway 9. Customers may use cell phone numbers for ANR representatives (provided on the bulletin board) or call Joseph Pollard, director, transportation services, at (713) 724-3095.

Bucking the current trend of building natural gas-fueled power plants, Reliant Energy Seward LLC — a unit of the Reliant Energy Wholesale Group — reported that it has plans in the works to build a power generating facility in western Pennsylvania that will use the latest clean-coal technology on waste coal.

Bucking the current trend of building natural gas-fueled powerplants, Reliant Energy Seward LLC — a unit of the Reliant EnergyWholesale Group — reported that it has plans in the works tobuild a power generating facility in western Pennsylvania that willuse the latest clean-coal technology on waste coal.

Kinder Morgan Inc. (KMI) and Williams signed one of the largesttolling agreements to date, a deal covering 3,300 MW of combinedcycle peaking capacity Kinder Morgan is building in theMidcontinent and the Southeast regions of the U.S. Williams willprovide the fuel to the six gas-fired plants and market the entirecapacity under a 16-year agreement. Financial terms of the tollingagreement were not disclosed.