Seeking deeper penetration into Mexico’s gas liquids market,Penn Octane Corp. entered into a multi-year, $40 million contractwith PG&E Natural Gas Liquids (NGL) Marketing L.P. to purchasesupplies of liquefied petroleum gas (LPG), the companies saidyesterday. The LPG will be supplied to Penn Octane’s pipelinenetwork in Texas from PG&E’s Shoup Fractionation Plant nearCorpus Christi, TX.
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Phillips Expands in Powder River
Phillips Petroleum entered a new production area last week whenit announced a 50% acquisition of Yates Petroleum Co.’s coal-bedmethane acreage in Wyoming’s Powder River Basin. Financial termswere not disclosed. The announcement came just days after rumorscirculated throughout the industry concerning a potential Chevronmerger with Phillips (see related story).
Sempra Assaults Information Systems Market
Sempra Energy Information Solutions, a newly-formed SempraEnergy subsidiary, announced yesterday it has entered into a jointventure with two information technology companies to form SolianceNetworks, a provider of Internet-based information systemstargeting small and mid-sized energy utilities. Sempra owns themajority interest in Soliance and Dale Kelly-Cochrane, the formervice president of Sempra Energy’s strategic planning forunregulated businesses, is the joint venture’s president.
Mitchell Grows West Texas Presence
Mitchell Energy & Development Corp. announced it enteredinto a letter of intent to purchase Conoco’s 50% interest in theJameson processing plant and an associated 2,600-mile West Texasgas gathering system for an undisclosed sum. The Permian Basinplant and facilities currently are owned evenly by Conoco andMitchell.
Mitchell Grows West Texas Presence
Mitchell Energy & Development Corp. announced it enteredinto a letter of intent yesterday to purchase Conoco’s 50% interestin the Jameson processing plant and the associated 2,600-mile gasgathering system for an undisclosed sum. The plant, located in WestTexas, is currently owned evenly by Conoco and Mitchell.
Duke Inks Deal with Two Mitsubishi Plants in IL
Mitsubishi Motors Manufacturing of America (MMMA) announced itentered into a multi-year agreement with Duke Energy’sDukeSolutions Inc. last week to manage energy service forMitsubishi’s two-million-square-foot manufacturing plant in Normal,IL. Over the contract term, DukeSolutions will support up to $30million of energy expenditures for MMMA.
Greenwood, SC, Looking For Energy Provider
The Greenwood Commissioners of Public Works (CPW), the municipalorganization responsible for the energy needs for the city ofGreenwood, SC, said last week it has entered the market for a totalenergy provider. The CPW is searching for companies with tangibleassets to provide comprehensive energy supply services, includingpower supply and gas supply. Energy supply proposals may includealternatives ranging from full requirements service to thedevelopment of owned generating resources, the CPW said.
Greenwood, SC Looking for Energy Provider
The Greenwood Commissioners of Public Works (CPW), the municipalorganization responsible for the energy needs for the city ofGreenwood, SC, said it has entered the market for a total energyprovider. The CPW is searching for companies with tangible assetsto provide comprehensive energy supply services, including powersupply and gas supply. Energy supply proposals may includealternatives ranging from full requirements service to thedevelopment of owned generating resources, the CPW said.
Duke Inks Deal with Two Mitsubishi Plants in IL
Mitsubishi Motors Manufacturing of America (MMMA) announced itentered into a multi-year agreement with Duke Energy’sDukeSolutions Inc. to manage energy service for Mitsubishi’stwo-million-square-foot manufacturing plant in Normal, IL. Over thecontract term, DukeSolutions will support up to $30 million ofenergy expenditures for MMMA. Duke is the third major integratedenergy company to enter into a multimillion dollar energymanagement deal this week, joining Sempra and FirstEnergy.
CA’s Dept. of General Services Signs with Sempra
Sempra Energy Trading entered into a one-year, $30-$35 milliongas management contract with California’s Department of GeneralServices (DGS) yesterday. Under the terms of the contract, SempraEnergy Trading will provide natural gas management for a total of117 state government buildings including San FranciscoInternational Airport.