Saying it has experienced declining linepack as a result of customer takes that exceeded their scheduled receipt volumes, particularly on its southern system, El Paso declared a Strained Operating Condition (SOC) with an imbalance threshold of 4% Tuesday. The Washington Ranch Storage facility has been operating at maximum withdrawal capacity recently and linepack continues to drop, the pipeline said. It added that the SOC applies to the smallest possible area of its system and includes the following parties with takes on the South Mainline: Arizona Public Service, Salt River Project, Duke Energy Arlington Valley and El Paso Electric (not affiliated with the pipeline). In an earlier posting Tuesday warning of the SOC possibility, El Paso urged shippers to match their demand requirements with current supplies and to schedule payback of existing imbalances to the pipeline, if possible. It also said shippers can obtain supplies at Waha where capacity is operationally available, and that limited amounts of capacity may be available at the Keystone pool and from San Juan Basin.
Declining
Articles from Declining
Greater Reliance on Gas for Power Generation Seen in Pacific Northwest
Declining hydropower availability in the Pacific Northwest points to a higher reliance on natural gas in the future, according to a new report by the Northwest Gas Association (NWGA), a group that includes the major gas distribution and transmission companies in the region, which includes 44,000 miles of gas pipelines and about 2.5 million gas consuming homes, businesses and industry.
Uncertainty Surrounds Two Growing Natural Gas Sources, Rockies & LNG
The good news for growing U.S. natural gas demand is that declining traditional reserves can be replaced by a combination of Rocky Mountain unconventional supplies and increased imports of liquefied natural gas (LNG), but the bad news is the fact that permitting for new supply projects in these two sectors may be difficult to obtain, a panel of energy lawyers told an industry conference Thursday in Santa Fe, NM. Ultimately, Uncle Sam or neighboring Mexico could hold the keys to unlocking these supplies.
APGA, Industrials Urge Interior to Allow Leasing in Areas Under Drilling Moratoria
Citing high gas prices and declining production, industrial companies and municipal gas utilities urged Interior Secretary Gale Norton last week to include language in the agency’s next five-year oil and gas leasing plan (2007-2012) that will allow for lease sales in areas currently subject to drilling moratoria.
Industrials Urge Inclusion of All Offshore in Five-Year Lease Plan
Citing high natural gas prices and imports and declining domestic production, a group of industrials Monday urged the Department of the Interior (DOI) to include all the federal areas currently under moratoria in its development of a new five-year leasing program starting in 2007.
Anadarko Forecasting 7-11% Production Growth in ’05
Following a rough and tumble year that led to declining production and a slew of asset sales, Anadarko Petroleum Corp. is forecasting better fortunes in 2005, with 7-11% growth in oil and natural gas volumes, the CEO said Friday.
Anadarko Forecasting 7-11% Production Growth in ’05
Following a rough and tumble year that led to declining production and a slew of asset sales, Anadarko Petroleum Corp. is forecasting better fortunes in 2005, with 7-11% growth in oil and natural gas volumes, the CEO said Friday.
Anadarko Forecasting 7-11% Production Growth in ’05
Following a rough and tumble year that led to declining production and a slew of asset sales, Anadarko Petroleum Corp. is forecasting better fortunes in 2005, with 7-11% growth in oil and natural gas volumes, the CEO said Friday.
Aging Petroleum Engineers Have Fewer and Fewer Replacements
One significant factor that will continue putting pressure on the oil and gas industry is the declining number of petroleum engineers (PE) available, according to a report by Raymond James & Associates. The latest statistics from the Society of Petroleum Engineers puts the average age of PEs in the United States at 51 compared to 41 internationally. About 59% of PEs in the U.S. in 2003 were 45 or older (compared to 45% in 1997) and only 25% are under 36 (compared to 33% in 1997), Raymond James said.
Aging Petroleum Engineers Have Fewer and Fewer Replacements
One significant factor that will continue putting pressure on the oil and gas industry is the declining number of petroleum engineers (PE) available, according to a report by Raymond James & Associates. The latest statistics from the Society of Petroleum Engineers puts the average age of PEs in the United States at 51 compared to 41 internationally. About 59% of PEs in the U.S. in 2003 were 45 or older (compared to 45% in 1997) and only 25% are under 36 (compared to 33% in 1997), Raymond James said.
