Deals

Sempra Energy Solutions has announced that it has signed twoenergy efficiency contracts in Arizona worth $5.8 million . Thecompany inked an agreement with the county of Maricopa for $3.8million, and with the east campus of Arizona State University (ASU)for $2 million.

Seneca Resources Corp., the exploration and production arm ofNational Fuel Gas (NFG), announced yesterday that it will buy TriLink Resources for C$340 million including debt. The parties hopeto conclude the deal by June 15.

Kinder Morgan’s Natural Gas Pipeline Company of America (NGPL)has fully subscribed its storage service with the latest of anumber of deals.

Reprising their triumphs of last fall, Dynegy Marketing andTrade and Duke Energy Trading and Marketing LLC were the winningbidders in the latest auction of Gulf Coast gas transportationservices in the Minerals Management Service’s (MMS) third royaltyin-kind pilot program.

“The fact that Dynegy and Amoco are parties to this protest is not surprisingbecause both have a long-standing practice of raising affiliate abuse issuesevery time an opportunity presents itself. The mantra of affiliate abuseby these parties has become very tiresome,” the pipeline told FERC, addingits answer would prove them wrong.

An irate Koch Gateway Pipeline told FERC this week that DynegyMarketing and Trade, Amoco Energy Trading and Marathon Oil don’thave a clue how to run a gas pipeline and should refrain fromattempting to understand how its parking and lending service (PAL)works. Despite being totally devoid of any factual basis, theirjoint protest filed last week with the Commission wasn’t totallyunexpected, however, Koch said.

Two asset management deals were announced last week, one with aCanadian producer group and another with a northeastern LDC.

Santa Fe Snyder Corp. of Houston is high grading its asset basethrough a series of deals. The largest component of the company’sstrategic repositioning is the $160 million purchase of additionaldeepwater Gulf of Mexico interests from Marathon Oil. Santa Febought an additional 33% interest in the Angus/Manatee six-blockcomplex, bringing the total working interest in the Shell operatedfields to 49%. The deal closed Jan. 7. The company said it is alsodisposing of low-profit assets.

In the same week that plans for the creation of its largest competitor were finalized (see story this issue), Dynegy Midstream Services LP announced definitive agreements to sell certain East Texas gathering, treating and processing facilities to an independent midstream processing company. The closing of the sale is expected to occur prior to year-end. Neither the identity of the buyer nor the sale price was disclosed.