Cycle

SM Energy Co. intends “to pursue any and all legal remedies” arising from Endeavour International Corp.’s decision to terminate agreements to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania, the Denver-based company said.

FERC has approved Tricor Ten Section Hub LLC’s proposal to convert a depleted oil and natural gas reservoir in Southern California to a high-deliverability multi-cycle gas storage facility to cater to multiple markets in the West. California-based Tricor Energy LLC, parent of the storage company, is an independent energy firm that produces, transports and sells natural gas from its oilfields in California.

FERC has approved Tricor Ten Section Hub LLC’s proposal to convert a depleted oil and natural gas reservoir in Southern California to a high-deliverability multi-cycle gas storage facility to cater to multiple markets in the West. California-based Tricor Energy LLC, parent of the storage company, is an independent energy firm that produces, transports and sells natural gas from its oilfields in California.

While uncertainty and volatility may lurk just around the corner, for short-term natural gas supplies, demand and prices should remain stable in the water-dominated Pacific Northwest, stakeholders told the Oregon Public Utility Commission (PUC) on Wednesday.

Monroe Gas Storage Co. LLC, a unit of Cardinal Gas Storage Partners LLC, is holding a nonbinding, 15-day open season through Aug. 15 for firm capacity in its 12 Bcf multi-cycle, interstate gas storage facility in Monroe County, MS.

Demand for oilfield services in North America’s onshore — especially hydraulic fracturing (hydrofracking) — is growing faster than companies can add equipment, Halliburton CEO Dave Lesar said Monday.

Southern California Gas did not extend a high-linepack OFO beyond Sunday’s Intraday cycle nominations. However, although the e-mail notice did not get sent until late afternoon Central time, it issued a new high-linepack OFO for Tuesday with a 10% tolerance for positive daily imbalances.

A $619 million, 580 MW natural gas-fired combined-cycle electric generation plant has begun commercial operation in Virginia, according to owner/operator, Dominion Virginia Power. The Bear Garden Power Station is in the central part of the state, about 60 miles west of Richmond. Construction began in spring 2009. Bear Garden has two gas-fired combustion turbines, with oil as a backup fuel source. The turbines each generate 170 MW, and their exhaust is used to generate an additional 240 MW.

The California Energy Commission (CEC) siting committee provisionally recommended approval of plans by a unit of NRG Energy Inc.to build a 558 MW combined-cycle gas-fired power plant on 23 acres of NRG’s existing 100-acre Encina generation plant site in Carlsbad, CA. The committee is seeking input on determining if the current repowering plans provide “extraordinary public benefit” under the criteria established by the South Carlsbad Coastal Redevelopment Project Area Plan. That enhanced benefit might come from NRG’s plans for removal of the existing 900 MW gas-fired plant. If licensed by the CEC, construction of the plant is expected to take about 25 months. NRG has said construction could begin by the end of the third quarter. Existing gas-fired Units 1, 2 and 3 at the larger site would be retired.