Considers

Calgary-based Enbridge Inc. stepped forward this week at a meeting of the Wyoming Natural Gas Pipeline Authority with a bold plan for a Wyoming-to-Chicago citygate gas pipeline proposal. Company officials said the 1 Bcf/d project most likely would not be in place before 2007.

The Senate leadership on Thursday was considering a Democratic-initiated proposal to substitute last year’s energy bill — which passed the Senate by a vote of 88-11 in April 2002 — for the current energy bill and pass it before leaving for the August recess (see Daily GPI, April 26, 2002).

While the Federal Energy Regulatory Commission (FERC) prepares to issue a pronouncement Wednesday that is expected to endorse an industry consensus for adjustments to the current natural gas and power price reporting function, the Senate Energy and Natural Resources Committee is considering adding a provision to the energy bill that would regulate price publishers under the Commodity Futures Trading Commission (CFTC), according to Senate sources.

The nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), said Monday its legal counsel is currently assessing whether the giant city-run utility will file a lawsuit against Houston-based Reliant Energy for in excess of $200 million of alleged overcharges in a 1999-2001 natural gas supply deal, according to LADWP’s General Manager David Wiggs. “We’ll know in a couple of weeks whether we’ll go ahead with a lawsuit,” Wiggs said during a brief interview Monday with NGI.

Calgary-based Enbridge Inc. stepped forward last week at a meeting of the Wyoming Natural Gas Pipeline Authority with a bold plan for a Wyoming-to-Chicago citygate gas pipeline proposal. Company officials said the 1 Bcf/d project most likely would not be in place before 2007.

Houston-based junior independent Contango Oil & Gas Co. may sell all of its onshore assets and 99% of its current production, all located in South Texas, the company announced on Wednesday. Using the proceeds, the company wants to get back to what it does best: explore the onshore and offshore Gulf of Mexico for new reserves of natural gas and crude oil.

Houston-based junior independent Contango Oil & Gas Co. may sell all of its onshore assets and 99% of its current production, all located in South Texas, the company announced on Wednesday. Using the proceeds, the company wants to get back to what it does best: explore the onshore and offshore Gulf of Mexico for new reserves of natural gas and crude oil.

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.