Oh, to be an independent today holding properties withdiscovered natural gas! Two years ago, you may not have been ableto use that collateral for much, but those days are gone. Naturalgas prices have skyrocketed, coupled with consumers’ thirst for it,and if you have properties ready to be tapped for natural gas,these are the days.
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El Paso Open Season Was ‘Rigged,’ CPUC Says
Armed with a “smoking gun” discovered in just-released data, theCalifornia Public Utilities Commission (CPUC) has launched a freshoffensive against El Paso Natural Gas’ 1.22 Bcf/d transportationcontract arrangement with affiliate El Paso Merchant Energy.
Transportation Notes
NGPL said it has not yet completed repairs of a leak discoveredlast week on its offshore High Island Block 71 Lateral. Productionfrom three points (High Island 71, High Island 139 and High Island116) has been scheduled to zero since Friday.
High Prices Hurt Texas, Nation’s Economy
Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.
High Prices Hurt Texas, Nation’s Economy
Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.
Transportation Notes
NGPL discovered a leak Monday on its HI [High Island] Block 71Lateral offshore southeastern Texas. Three platforms (High IslandBlocks 71, 139 and 116) with scheduled nominations through thelateral were shut on Tuesday until further notice. Shippers will benotified via NGPL’s bulletin board when nominations may be resumed.
KN’s Horizon Shines in Illinois, Wisconsin
KN Energy has discovered there is more than just cheddar cheeseproduction going on in Wisconsin these days. Potential customersfrom “all segments of the industry” showed interest in its proposedHorizon Pipeline project and have signed preliminary agreements for800 MMcf/d of firm capacity, the company said yesterday.
Transportation Notes
NOVA said a leak discovered in a flange assembly early Thursdayon its North Lateral in eastern Alberta is curtailing up to 500MMcf/d of upstream production. The line usually flows 1.6-1.7Bcf/d, a spokesman said. He estimated the leak will require 24-48hours of repair time, but no schedule has been set.
Transportation Notes
PG&E Gas Transmission-Northwest discovered contaminated oilin the lubrication system of its Stanfield (OR) Compressor Stationlate last week. The unit is out of service until the oil can bereplace; the pipeline estimates it will return on-line Thursday.Because the work has the potential for limiting Stanfield receiptsfrom Northwest Pipeline, PG&E GT-NW is offering a blanket ITdiscount of 1 cent plus fuel on the Starr Road-to-Stanfield paththrough Thursday.