Changed

ONEOK, Inc. has changed the name of its energy marketing segment to reflect a new direction for the unit. ONEOK Energy Marketing and Trading will henceforth be known as ONEOK Energy Services Co., it was announced Friday.

Indicating lower linepack levels than desired, Westcoast changed the tolerance range for daily imbalances Tuesday to 20% pack and zero draft. The normal range is 10% pack and 10% draft.

Signaling a rise in linepack, Westcoast changed its imbalance tolerance range Sunday to 5% pack and 15% draft.

The Energy Information Administration’s (EIA) projection that domestic dry gas production rose by about 2% in 2003 appears to be “overly optimistic,” a top official with Anadarko Petroleum Corp. told a Senate panel last Thursday. If this turns out to be the case, it would be the second consecutive year that the agency has erred on the high side when estimating gas production in the U.S.

The Energy Information Administration’s (EIA) projection that domestic dry gas production rose by about 2% in 2003 appears to be “overly optimistic,” a top official with Anadarko Petroleum Corp. told a Senate panel Thursday. If this turns out to be the case, it would be the second consecutive year that the agency has erred on the high side when estimating gas production in the U.S.

El Paso changed the pigging schedule for Line 1102 from Plains to Dumas; see the bulletin board for operational details and capacity effects. It also postponed to an unspecified later date, pending delivery of critical parts, a total shutdown of the Window Rock Station that had been planned for Thursday (April 24). However, Window Rock’s A Plant only was down for Department of Transportation inspections and gas cooling equipment tie-ins Thursday, with the 7A turbine remaining down through Friday. This work, in combination with ongoing maintenance at Flagstaff Station and on the Window Rock 2B turbocharger, will reduce capacity of the North Mainline by 160 MMcf/d Friday, by 110 MMcf/d Saturday, and by 26 MMcf/d Sunday through Tuesday.

Moody’s Investors Service has changed the rating outlooks for Duke Capital and Duke Energy to “negative” from “stable” because of Duke’s report to the Securities and Exchange Commission this week that it engaged in 23 round-trip trades on electronic trading system IntercontinentalExchange (see Daily GPI, July 17 ). Although the $126 million in revenues from the trades “are not material relative to total sales, it causes some concerns about company trading practices and related controls,” Moody’s said.

Moody’s Investors Service has changed the rating outlooks for Duke Capital and Duke Energy to “negative” from “stable” because of Duke’s report to the Securities and Exchange Commission this week that it engaged in 23 round-trip trades on electronic trading system IntercontinentalExchange (see Daily GPI, July 17 ). Although the $126 million in revenues from the trades “are not material relative to total sales, it causes some concerns about company trading practices and related controls,” Moody’s said.

UtiliCorp United announced last week that it changed its corporate name to Aquila Inc., the energy trading and risk management subsidiary in which it sold an interest to the public in 2001 and then later re-acquired. The company’s common stock now trades on the New York, Pacific and Toronto stock exchanges under the symbol ILA, which has replaced the UtiliCorp symbol UCU.