Closed

The deepwater Gulf of Mexico Independence Hub natural gas platform and the associated Independence Trail pipeline were closed last Wednesday after a leak was discovered in the pipe, according to Enterprise Products Partners LP, which owns 80% of the production platform and 100% of the pipeline. The company gave a one-to-four week timeline for repairs.

Questar Corp.’s exploration and production (E&P) subsidiary has closed the acquisitions from multiple sellers of two natural gas development properties in northwest Louisiana for $659 million.

Questar Corp.’s exploration and production (E&P) subsidiary has closed the acquisitions from multiple sellers of two natural gas development properties in northwest Louisiana for $659 million, the company said Monday.

A subsidiary of El Paso Corp. has closed the previously announced acquisition of a 50% interest in the Gulf LNG Clean Energy Project, a planned liquefied natural gas (LNG) terminal in Pascagoula, MS. An El Paso subsidiary also is managing the facility’s construction and will operate the terminal upon completion.

Pennsylvania-based Buckeye Partners LP announced Friday it has closed its purchase of the Lodi Gas Storage LLC facility in northern California. Originally announced in July of last year (see Daily GPI, July 25, 2007), the purchase was from ArcLight Capital Partners LLC for total cash consideration of approximately $432 million, Buckeye said.

Pioneer Natural Resources Co. has closed the sale of Canadian subsidiary Pioneer Natural Resources Canada Inc. to Abu Dhabi National Energy Co. (TAQA) for $540 million cash, the Dallas-based company said.

County officials closed the record Monday and set Dec. 13 for a vote on NorthernStar Natural Gas’ proposed Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River in Oregon. The company has until Monday, Dec. 3, to add its final rebuttal to opposition to its request for a zoning change to allow the building of the facility.

County officials closed the record last week and set Dec. 13 for a vote on NorthernStar Natural Gas’ proposed Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River in Oregon.

A fire that closed Williams Partners LP’s Ignacio gas processing plant near Durango, CO, midweek will reduce expected cash flows by $10-20 million, primarily in 4Q2007, the company said. The range includes the expected mitigating effect of Williams Partners’ property damage and business interruption insurance. Williams Partners said it does not expect the reduction in cash flow to impact its regular quarterly cash distributions. The fire began in a cooling tower, damaging it and a few adjacent buildings before being extinguished. No injuries were reported. The Ignacio plant is part of Williams Four Corners LLC, which is owned by Williams Partners. Approximately 100 MMcfe/d of the plant’s normal 450 MMcfe/d production capacity has been rerouted to other facilities in the San Juan Basin. In addition to the Ignacio plant, the Four Corners gathering system is connected to the Kutz and Lybrook gas processing plants and the Milagro and Esperanza gas treating plants in northwestern New Mexico. The Four Corners system’s normal volumes exceed 1.5 Bcfe/d. The cause of the fire is unknown and is under investigation.