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Keeping with the company’s self-imposed completion date, Houston-based Apache closed the deal on its previously announced $385 million acquisition of an Occidental Petroleum subsidiary (see NGI, Aug. 7).

Keeping with the company’s self-imposed completion date,Houston-based Apache closed the deal on its previously announced $385million acquisition of an Occidental Petroleum subsidiary (see DailyGPI, Aug. 3). The subsidiary which ownsinterests on the Outer Continental shelf of the Gulf of Mexico will befinanced under a two-part agreement. Part of the cost will be paid upfront, and the remaining cost will be paid for in futureyears. Included in the sale, are properties in 32 fields, half of themoperated, on 93 blocks with total proved reserves of 56.8 millionbarrels of oil equivalent. Net production of the properties throughyearend are expected to yield an average of 107 MMcf/d and 7,800 bblof oil a day. The proved reserves have an estimated six year reservelife.

El Paso postponed to an indefinite date Guadalupe Stationmaintenance that had been set for today and Wednesday. Wenden Aturbine work began Sunday, one day earlier than previouslyannounced, and will run through Friday, reducing Havasu Crossovercapacity by 100 MMcf/d, the pipeline said.

While it might think the April Fool’s date is appropriate forNew York to impose a new energy tax, the National Energy MarketersAssociation (NEM) still opposes the plan. “On April 1, 2000, NewYork will impose a new tax on natural gas and electricitytransportation. This new tax will severely limit furtherdevelopment of energy competition,” said NEM President CraigGoodman.

Alliance Pipeline, the largest initial pipeline project in NorthAmerica, is on track to begin service on its scheduled date of Oct.1, 2000, the project’s CEO said last week. All of the constructiongoals for 1999 have been met and currently 77% of the mainline hasbeen installed.

Alliance Pipeline, the largest initial pipeline project in NorthAmerica, is on track to begin service on its scheduled date of Oct.1, the project’s CEO said yesterday. All of the construction goalsfor 1999 have been met and currently 77% of the mainline has beeninstalled.

Florida Gas Transmission extended maintenance at Station 14 in theFlorida Panhandle through Dec. 4, three days beyond the originallyprojected end date (see Daily GPI,Nov. 29). As previously posted, the work limits FGT’s market areato about 1.3 Bcf/d. Due to significant demand, the pipeline Wednesdayissued an Overage Alert Day notice for the system east of Station12. It carries a 6% tolerance for negative daily imbalances.

In what is possibly the largest business process outsourcing(BPO) contract to date, PricewaterhouseCoopers and BP Amoco agreedto expand their existing BPO relationship to the United States. Thedeal is valued at $1.1 billion.

In what is possibly the largest business process outsourcing(BPO) contract to date, PricewaterhouseCoopers and BP Amoco agreedto expand their existing BPO relationship to the United States. Thedeal is valued at $1.1 billion.