Denver-based Barrett Resources Corp. reports that its provedreserves are up 21% to 1,372 Bcfe as of Dec. 31, 2000. The totalincludes 1,323 Bcf of natural gas and 8.1 MM bbl of crude oil andcondensate, of which 42% is undeveloped. Gas reserves represent 96%of total proved reserves, which were 1,076 Bcf and 9.7 MM BBls atthe end of 2000.
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Black Marlin Sold to Williams
The various owners of the Black Marlin Pipeline System, a75-mile long natural gas and condensate gathering system in theGulf of Mexico, have sold the line to Williams Field Services for$9.25 million. The line was purchased from Blue Dolphin Energy, a50% owner, MCNIC Pipeline & Processing Co., a 33.33% owner, andWBI Holdings, Inc., a 16.67% owner. The sale includes related shorefacilities servicing the High Island area.
El Paso Selling Sea Robin to CMS
El Paso Energy Corp. is selling Sea Robin Pipeline Co., a 1Bcf/d gas and condensate pipeline in the Gulf of Mexico offshoreLouisiana, to CMS Trunkline Gas Co., a subsidiary of CMS Energy.The system is west of Trunkline’s existing Terrebonne system. Thisacquisition is another stage in CMS Energy’s North American energyintegration strategy announced in March as part of the PanhandlePipe Line Companies acquisition. The sale of the asset by El Pasowas required by the FTC for approval of the company’s merger withSonat.
Transportaion Notes
Nautilus Pipeline said it is on track to begin receiving gasagain at Ship Shoal 207 at the start of the May 1 gas day.Processing of a large condensate slug at Exxon’s Garden City Plantonshore Louisiana (see Daily GPI, April 17) is expected to becompleted by Thursday.