Williams sold a small package of Rocky Mountain region producing properties in the Denver-Julesberg (D-J) basin in northeastern Colorado to Bridgeport, WV-based Petroleum Development Corp. for $28 million. The D-J Basin properties were among those announced for sale earlier this year as part of Williams’ financial-strengthening plan.
Denver
Articles from Denver
Aspen Exploration Increases Gas Position Near Sacramento
Denver-based Aspen Exploration Corp. said last week that it has acquired two contiguous gas properties located in Colusa County, CA, approximately 100 miles northeast of Sacramento.
Aspen Exploration Increases Gas Position Near Sacramento
Denver-based Aspen Exploration Corp. said Tuesday that it has acquired two contiguous gas properties located in Colusa County, CA, approximately 100 miles northeast of Sacramento.
Evergreen Resources Acquires Carbon Energy for $90.8 Million
Denver-based Evergreen Resources Inc. said that the company will acquire 100% of the outstanding common stock of cross-town exploration and production player, Carbon Energy Corp., for approximately $90.8 million.
Northeast Points Continue to Soar, Most Other Locations Rise 5-10 Cents
Despite Nymex’s nearly 20-cent tumble, spot gas prices were up sharply in many regions again on Monday. The only locations in the red compared to Friday were in Texas and parts of the Midcontinent. Meanwhile, New York and New England prices soared, at some points by more than $2 to more than $10/MMBtu.
El Paso Field Services Sells Wyoming Gathering Systems for $37M
El Paso Corp. subsidiary El Paso Field Services said last Tuesday it sold 18 gathering systems in Wyoming to a Denver, CO-based gatherer and marketer, Western Gas Resources Inc., for an estimated $37 million. El Paso reported its net proceeds from the deal were $35 million.
El Paso Field Services Sells Wyoming Gathering Systems for $37M
El Paso Corp. subsidiary El Paso Field Services said Tuesday it sold 18 gathering systems in Wyoming to a Denver, CO-based gatherer and marketer, Western Gas Resources Inc., for an estimated $37 million. El Paso reported its net proceeds from the deal were $35 million.
Marketer Urges FERC to Revoke PG&E Transmission’s $1.5M Prepayment Demand
In the first action of its kind, a Denver, CO-based marketer is challenging the right of an interstate natural gas pipeline to demand up-front payment of collateral equal to a full year of reservation charges from shippers that are perceived to be potential credit risks.
Marketer Urges FERC to Revoke PG&E Transmission’s $1.5M Prepayment Demand
In the first action of its kind, a Denver, CO-based marketer is challenging the right of an interstate natural gas pipeline to demand up-front payment of collateral equal to a full year of reservation charges from shippers that are perceived to be potential credit risks.
Western Gas Resources Production Up; Prices, Earnings Down
Natural gas prices just aren’t what they used to be, according to Denver-based Western Gas Resources Inc., which reported net income for the second quarter down, despite a dramatic increase in production.