Continental

MMS GOM Sale Generates 780 Bids on 547 Tracts

The Minerals Management Service’s Gulf of Mexico OuterContinental Shelf Region sale today has generated more interestthan a similar one held last year. MMS has received 780 bids on 547tracts offered in the Central GOM Lease Sale 178, Part 1. Lastyear’s Central Gulf Sale 175 generated 469 bids on 344 tracts andattracted $300,567,675 in high bids.

March 28, 2001

MMS Seeks Comments on 5-Year Plan

The Minerals Management Service (MMS) is starting to prepare fora new five-year Outer Continental Shelf oil and gas leasing programto run from 2002-2007. The agency has asked for input frominterested and affected parties.

December 15, 2000

Generic Waiver of Buy-Sell Ban in OCS Rejected

FERC last week rejected Williams Energy Marketing &Trading’s request to generically exempt Outer Continental Shelf(OCS) pipelines from FERC’s ban on “buy-sell” transactions. But itdid allow a “limited waiver” of its policy for the MineralsManagement Service (MMS) to carry out its royalty-in-kind programin the offshore.

September 18, 2000

Industry Briefs

The Bureau of Land Management released in the Federal Registerlast week its decision on the Continental Divide/Wamsutter IINatural Gas Project, allowing up to 2,130 new gas wells to bedrilled in Sweetwater and Carbon Counties, WY. The BLM basicallyadopted the proposed action outlined in its Final EnvironmentalImpact Statement on the project, which was released in December,but it reduced the total number of proposed gas wells andassociated facilities from 3,000 well locations to 2,130.Associated access roads, pipelines, and other ancillary facilitieswere reduced as well. Allowance of the remaining 870 wells/welllocations and associated facilities will be reconsidered pendingcompletion of a planning review of the Great Divide Resource Area(GDRA) Resource Management Plan (RMP) for the Rawlins Field Office(RFO) area, BLM said.

June 27, 2000

Blanket Waiver for OCS Buy-Sell Deals Draws Fire

Producers and marketers denounced a recent request togenerically exclude Outer Continental Shelf (OCS) pipelines fromFERC’s ban on “buy-sell” transactions. They contend Williams EnergyMarketing & Trading’s bid for such a waiver is just abackhanded attempt to gain light-handed regulation on the OCS.

April 24, 2000

Waiver for OCS Buy-Sell Deals Draws Fire

Producers and marketers denounced a recent request togenerically exclude Outer Continental Shelf (OCS) pipelines fromFERC’s ban on “buy-sell” transactions. They contend Williams EnergyMarketing & Trading’s bid for such a waiver is just anotherback-handed attempt to attain light-handed regulation in the OCS.

April 20, 2000

New MMS RIK Program Set for Spring

The Department of the Interior’s Minerals Management Service(MMS) announced a continuation of the Outer Continental Shelfroyalty-in-kind (RIK) pilot program last week and has doubled theamount of gas previously offered. Nearly 500 MMcf/d of productionwill go on sale this spring, the MMS said. Details for the sale arestill being finalized.

January 24, 2000

New MMS RIK Program Set for Spring

The Department of the Interior’s Mineral Management Service(MMS) announced a continuation of the Outer Continental Shelfportion of its royalty-in-kind (RIK) pilot program Tuesday and hasdoubled the amount of gas previously offered. The nearly 500 MMcf/dof production will go on sale this spring, the MMS said. Detailsfor the sale are still being finalized.

January 20, 2000

TransCanada Sees Gas Market at 87 Bcf/d by 2010

A continental supply and demand analysis released by TransCanadaPipelines in its most recent Update projects the North American gasmarket will grow to 87 Bcf/d by 2010 from 68 Bcf/d in 1998, a 28%increase, with gains made in every region of the continent.

August 18, 1999
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