Snyder Oil Corp. of Fort Worth, TX, completed the sale of itsremaining 55% interest in the Southeast Piceance Project innorthwestern Colorado to Ballard Petroleum LLC in a cashtransaction worth $28.8 million. The Piceance Project representsless than 5% of Snyder’s third quarter 1998 production and isestimated to represent 7% of its 1998 proven year-end reserves.
Colorado
Articles from Colorado
TransColorado Tests Phase 2, Expects First Flows in Feb.
TransColorado Gas Transmission started pressuring up it Phase 2extension into western Colorado last week and expects to begintransportation services from the northern Rockies to the San JuanBasin some time next month, pending FERC approval of its ratedesign.
TransColorado Prepares for Second Phase
TransColorado Gas Transmission Co. said it would start fillingadditional portions of the TransColorado Pipeline in New Mexico andwestern Colorado today with gas as it prepares to commence Phase 2operations in February.
CIG, Paiute Plan New Nevada Pipe
Coastal’s Colorado Interstate Gas (CIG) has teamed up withSouthwest Gas subsidiary Paiute Pipeline on a new gas pipelineproject designed to deliver new coal-bed methane production in Utahto growing markets in Nevada and Southern California.
CIG, Paiute Planning New NV Pipeline
Coastal’s Colorado Interstate Gas (CIG), and Southwest Gassubsidiary Paiute Pipeline are holding an open season for capacityon a new pipeline to be built from northeast Utah to northernNevada. Jointly sponsored by CIG and Paiute, the Ruby Pipeline willextend more than 400 miles from CIG’s western terminus in UintahCounty, UT, to an interconnection with Paiute Pipeline near Elko,NV. The pipeline also will interconnect with the Kern RiverPipeline near its Dog Valley meter station south of Salt Lake Cityand will pass through the developing coalbed methane fields nearPrice, UT.
RDI Tallies Gas-Fired Power Growth
In a new analysis of power demand growth, Colorado-basedResource Data International (RDI) projects slightly over 186,000 MWof primarily gas-fired electric generating capacity will have to beadded by 2010 nationwide to meet burgeoning demand and to replaceretiring nuclear and non-nuclear capacity. The cost approaches $90billion.
RDI Projects Rapid Growth of Gas-Fired Power
In a new analysis of power demand growth, Colorado-basedResource Data International (RDI) projects slightly over 186,000 MWof primarily gas-fired electric generating capacity will have to beadded by 2010 nationwide to meet burgeoning demand and to replaceretiring nuclear and non-nuclear capacity. The cost approaches$90-billion.
Evergreen Increases Stake in Raton Basin
Evergreen Resources Inc. last week reached an agreement toacquire Amoco Production’s oil and gas interests in the Raton Basinof Colorado, resolving current litigation matters between the twoproducers.
Forecast: More Hurricanes This Year Than Last
If 1998 Atlantic hurricane predictions by faculty at ColoradoState University are correct, the four-year period of 1995 through1998 will have been the most active consecutive four years forhurricanes on record. This year’s Atlantic hurricane activity ispredicted to be “appreciably more than 1997 but less than theunusually active 1995 and 1996 seasons.
KN Open Season Starts Today
KN Energy is holding an open season for expansion of its systemfrom production fields in Wyoming to the Rockport Hub in northcentral Colorado.