Superior Oil & Gas Co announced Thursday it had received a permit from the Bureau of Land Management for its pipeline right-of-way in Rio Blanco County, CO. Superior is designing a 12-inch, 18-mile gas pipeline capable of carrying up to 30 MMcf/d with a $0.60/Mcf gathering fee.”The announcement of this permit gives us another opportunity to create a revenue stream for our company,” stated Dan Lloyd, Superior’s CEO. “We continue to execute our business model through this permit and the previous agreements to purchase gas wells. In addition,we are targeting other properties and hope to inform our shareholders regarding the specifics in the near future.” Superior Oil & Gas Co., headquartered in Yukon, OK, has executed agreements to purchase over 28 gas wells in Kansas and continues to target other properties for acquisition.
Designing
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Northern Exploration Picks Up Speed
While three top Canadian producers move forward on tappingnatural gas reserves on the Mackenzie Delta and designing apipeline to bring it to market, the first step is being takentowards reopening drilling much farther north. For the first timesince the Prudhoe Bay discovery ignited an exploration rush on thetop of the world in the 1960s and ’70s, the vast Sverdrup Basin inthe Arctic Islands is being offered to gas hunters.
ADR Success in El Paso Capacity Case Disputed
A group of natural gas producers has called on FERC to step inand settle once and for all the controversial issue of re-designingthe capacity-allocation procedures of El Paso Natural Gas so that”firm” capacity on El Paso would really come to mean firm, and thepractice of overbooking firm primary transportation capacity wouldbecome history at the pipeline’s SoCal/Topock delivery point intoCalifornia.