Dallas

Dallas-based Energy Transfer Co., a privately-owned gas gathering, processing and pipeline company that owns the existing South Texas and Oasis pipeline systems, said it has started construction of a new 60-mile, 650 MMcf/d pipeline from Limestone County, TX, to the Katy Hub in East Texas. The new system will relieve congestion that currently is backing up rapidly growing East Texas gas production.

Dallas-based Energytec Inc. said last week that it has recently closed the acquisition of a 65-mile natural gas pipeline and 13 associated wells in East Texas. The independent oil and gas company said the acquisition continues its emphasis on East Texas as an area of multiple opportunities suitable to its expertise.

Dallas-based Energytec Inc. said Tuesday that it has recently closed the acquisition of a 65-mile natural gas pipeline and 13 associated wells in East Texas. The independent oil and gas company said the acquisition continues its emphasis on East Texas as an area of multiple opportunities suitable to its expertise.

TXU Corp.’s exit from Europe last fall pushed the Dallas-based utility to huge fourth quarter losses, with the write off of $4.2 billion on its failed investments overseas. However, management said it would “aggressively” refocus on North American and Australian assets going forward, estimating its growth “beyond” 2003 would be in the range of 4-6%.

Recent exploratory successes in the Gulf of Mexico (GOM) convinced small Dallas-based independent Remington Oil and Gas Corp. to increase its 2003 capital budget by $10 million, which now is set at $96 million for new completions, facilities and development drilling. The increase will be funded through available cash flows.

Dallas-based Denbury Resources Inc. estimated that its discovery well in North Padre Island Block A-9 offshore Texas in the Gulf of Mexico has total potential natural gas reserves of 90 Bcf (34 Bcf net to Denbury).

Dallas-based Denbury Resources Inc. estimated Thursday that its discovery well in North Padre Island Block A-9 offshore Texas in the Gulf of Mexico has total potential natural gas reserves of 90 Bcf (34 Bcf net to Denbury).

Dallas-based independent Denbury Resources Inc. will spend $130 million next year on development and exploration in the United States. The company approved a budget Wednesday to direct its efforts on projects in Mississippi, Louisiana and the offshore Gulf of Mexico.

Getting over its last major regulatory hurdle unscathed, Dallas-based Atmos Energy Corp. said it expects to close its $195 million acquisition of privately-held Mississippi Valley Gas Co. by Dec. 1. The company said it received approval Tuesday from the Mississippi Public Service Commission to form the state’s largest natural gas utility.