NorthernStar Natural Gas Friday delivered nearly 800 supporter postcards to Oregon Gov. Ted Kulongoski as part of a two-month campaign to rally labor organizations, families and small businesses in support of its plans to build a liquefied natural gas (LNG) receiving terminal at Bradwood Landing on the Oregon side of the Columbia River just east of where it meets the Pacific Ocean. A total of 1,460 cards have been collected during the past two months, the company said.
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El Paso’s Profits Up 22%; Pipeline Backlog Doubles
El Paso Corp., which has doubled its natural gas pipeline backlog from a year ago with eight projects on the drawing board, delivered a solid quarterly report, with profit rising 22%.
El Paso’s Profits Up 22%; Pipeline Backlog Doubles
El Paso Corp., which has doubled its natural gas pipeline backlog from a year ago with eight projects on the drawing board, delivered a solid quarterly report on Wednesday, with profit rising 22% from a year ago.
Transportation Notes
Southern California Gas declared a high-linepack OFO for Friday, saying it would assess Buy-Back charges to customers who delivered into its system more than 110% of their actual gas usage on the OFO day.
EOG Estimates 400 Bcf Potential in Atoka Formation Discovery
EOG Resources Inc. delivered another solid quarter, with domestic natural gas production up 19% from the same period a year ago, driven by continuing success in the Barnett Shale and along the Upper Gulf Coast. The Houston-based producer is on track to deliver 15% total production growth in 2008, and yet another gas discovery — this one in the Atoka Formation in the Midcontinent — may hold 400 Bcf of potential.
EOG Estimates 400 Bcf Potential in Atoka Formation Discovery
EOG Resources Inc. delivered another solid quarter, with domestic natural gas production up 19% from the same period a year ago — driven by continuing success in the Barnett Shale and along the Upper Gulf Coast. The Houston-based producer is on track to deliver 15% total production growth in 2008, and yet another gas discovery — this one in the Atoka Formation in the Midcontinent — may hold 400 Bcf of potential.
Williams Avoids Rockies Basis Prices, Delivers Robust Earnings
With only 8% of its Rockies-concentrated natural gas production basis priced in the last three months of 2007, Williams delivered a robust 53% jump in quarterly profit. Production, boosted by growth in the Barnett Shale and Piceance and Powder River basins, rose 21% in 2007 and averaged close to 1 Bcf/d.
Williams Avoids Rockies Basis Prices, Delivers Robust Earnings
With only 8% of its Rockies-concentrated natural gas production basis priced in the last three months of 2007, Williams delivered a robust 53% jump in quarterly profit Thursday. Production, boosted by growth in the Barnett Shale and Piceance and Powder River basins, rose 21% in 2007 and averaged close to 1 Bcf/d.
NEB Offers Dismal Short-Term Outlook for Canada Gas Output
Canada’s National Energy Board (NEB) has delivered a dreary forecast for Canadian conventional natural gas production in the short term, estimating a decline of 7-15% in deliverability between now and 2009.
NEB Issues Dismal Short-Term Outlook for Canada Gas Output
Canada’s National Energy Board (NEB) Wednesday delivered a dreary forecast for Canadian conventional natural gas production in the short term, estimating a decline of 7-15% in deliverability between now and 2009.