A peak at some producer year-end results suggests average dailydomestic gas production could be down about 3% 1998 to 1999.
Domestic
Articles from Domestic
Producers Showing Decline For Year, 4Q
A peak at some of the producer year-end results that have comein suggests that average daily domestic gas production could bedown by as much as 4% 1998 to 1999, although one industry watcherthinks that number seems a little high. “That blows my mind. That’sa huge drop,” said Ron Denhardt, energy services vice president forWEFA Inc.
More LNG Coming to U.S. in 2000
Liquefied Natural Gas (LNG) imports could play a larger role inserving U.S. gas demand next year if strong domestic gas prices andan abundance of LNG on the spot market remain. While LNG servesonly a fraction of U.S. demand, imports have been growing thisyear, most recently with two agreements announced last week.
More LNG Coming to U.S. in 2000
Strong domestic gas prices and an abundance of liquefied naturalgas on the spot market mean more LNG will be flowing to the UnitedStates. In the second LNG purchase announced this week, CMSMarketing, Services and Trading, bought seven additional cargoesfrom Qatar Liquefied Gas (Qatargas).
Enogex Doubles Pipe with Transok Purchase
The sale of Shell subsidiary Transok to Enogex Inc. for about$700 million last week continues Shell’s domestic restructuring anddoubles Enogex’s pipeline holdings. The sale price includesEnogex’s assumption of $173 million in long-term debt. Transok isheadquartered in Tulsa and operates more than 5,000 miles ofpipelines with capacity of about 2.5 Bcf/d and nine gas processingand treating plants.
Matthews: WWP is an ‘Inventive’ Utility
After less than two years as president of NGC Corp., TomMatthews is leaving the company for an organization he considers anon-traditional utility, Washington Water Power (WWP). He said thecompany he will run as CEO and chairman of the board is among abouta half dozen utilities that have been “inventive and creative” inresponding to deregulation.