UtiliCorp United subsidiary Aquila Energy has formed Natural GasPartners Development to develop midstream gas assets. David Hookeris the general manager of the new group. “It is our goal to expandAquila’s midstream assets book in a manner complementary to itssuccessful trading operation, supporting the company’s commitmentto always remain on that leading edge providing the best customersservice in the industry,” Hooker said.
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Enbridge Developing New Brunswick Distribution
Enbridge Gas New Brunswick, Canada, won a 20-year renewablefranchise to develop a gas distribution system for the province ofNew Brunswick. The award was made by the provincial governmentfollowing evaluation of competitive bids submitted earlier thisyear. Enbridge Gas New Brunswick is a joint venture betweenEnbridge Inc., with a 63% interest, and 28 local New Brunswickinvestors.
Prices Start Rising Again as New Storms Develop
Dennis and Emily joined Cindy Tuesday as the latest namedtropical storms in the Atlantic, and cash prices responded byresuming a climb that had faltered slightly as the week began.Nearly all eastern gains were at least a nickel or greater, withsome points rising by double digits. Somewhat surprisingly,however, most of the dime-or-greater increases occurred in theWest, led by one of nearly 20 cents at the PG&E citygate. TheCalifornia market in general was boosted as Pacific Gas &Electric threw something of a curveball at traders: instead of thefrequent high-linepack OFOs this summer, the one that takes effecttoday is for low linepack (see Transportation Notes).
Energy East Plans New Salt Cavern Storage in Northeast
Building on its success developing the first salt cavern storagefacility in the Northeast, Energy East announced plans to developanother high-deliverability gas storage facility in the same areaof southwestern New York about five miles north of Watkins Glen.The proposed plant will be designed by Energy East subsidiarySeneca Lake Storage in two caverns owned by U.S. Salt and will beconnected to Columbia Gas Transmission via a proposed 3.2-milepipeline. It is expected to be in service in November 2001 with750,000 Dth of working gas capacity and 75,000 Dth of dailydeliverability.
Energy East Plans New Salt Cavern Storage in Northeast
Building on its success developing the first salt cavern storagefacility in the Northeast, Energy East announced plans to developanother high-deliverability gas storage facility in the same areaof southwestern New York about five miles north of Watkins Glen.The proposed plant will be designed by Energy East subsidiarySeneca Lake Storage in two caverns owned by U.S. Salt and will beconnected to Columbia Gas Transmission via a proposed 3.2-milepipeline. It is expected to be in service in November 2001 with750,000 Dth of working gas capacity and 75,000 Dth of dailydeliverability.
Energy Search Makes Production-Boosting Deal
With prices looking up, Energy Search Inc. of Knoxville, TN,sought and will get a boost to help develop some of its oil and gasproperties. The company made a deal to accelerate development withSouthern Producer Services, a subsidiary of Atlanta-based SouthernEnergy Inc.
Energy Search Makes Production-Boosting Deal
With prices looking up, Energy Search Inc. of Knoxville, TN,sought and will get a boost to help develop some of its oil and gasproperties. The company made a deal to accelerate development withSouthern Producer Services, a subsidiary of Atlanta-based SouthernEnergy Inc.
ECT Developing California Power Plant
Tejon Ranch Co. signed an agreement with Enron Capital &Trade Resources Corp. to develop a power plant on its property atthe southernmost end of the San Joaquin Valley at the base of theTehachapi Mountains. The site is strategic because of the proximityof the California Aqueduct, existing major transmission lines, andthe Kern River-Mojave gas pipeline.
Partners Developing Gas-to-Liquids Technology
Rentech Inc. of Denver signed an exclusive agreement withPhoenix Gas Systems LLC (PGS) of Long Beach, CA, to develop amodular system to produce liquid hydrocarbons from gas and othercarbon-bearing materials. Rentech developed a process to convertgas, solid, and liquid carbon-bearing materials into super-clean,high-value fuels, products and chemicals. Products includesulfur-free, aromatic free diesel fuel (Ecodiesel), naphtha andwaxes. The process is known as the Fischer-Tropsch (FT) process orGas-to-Liquids (GTL). The naphtha and diesel fuel produced areideal fuels for the “advanced fuel cell” concept currently beingdeveloped for use in transport and utility vehicles.
PennzEnergy, Sonat Form New Mexico Joint Venture
PennzEnergy Co. and Sonat Exploration Co. formed a joint ventureto develop mineral interests underlain by coal bed methane at the700,000-acre Vermejo Park Ranch in northeast New Mexico.PennzEnergy has held the bulk of the mineral rights since 1970.