Excess

Transportation Notes

High demand combined with takes in excess of receipts has resulted in a loss of 140 MMcf in system linepack over the last 24 hours, El Paso said Tuesday, and its Washington Ranch storage facility was experiencing maximum withdrawals. “Scheduled pigging of the Havasu Crossover is under way, affecting access to San Juan Basin supply to the South System. The EOC [east of California] takeaway is running approximately 100 MMcf/d higher than at this time yesterday [Monday],” the pipeline said.. There is available capacity on the South System from Waha and through Guadalupe, it added. Maintenance on the San Juan Crossover and further pigging of the Havasu Crossover are scheduled for later this week, requiring that sufficient system linepack be maintained, El Paso said. A Strained Operating Condition may be declared unless the situation improves, it warned.

August 9, 2006

Is the Next Power Crisis Just Around The Corner?

Soaring power demand records far in excess of what was projected this year in many regions should be a wake up call that a new power market crisis could be developing right under our noses, according to a white paper from Pace Global Energy Services, a Fairfax, VA-based energy services and consulting firm.

August 7, 2006

Transportation Notes

High demand combined with takes significantly in excess of receipts resulted in a loss of nearly 200 MMcf in system linepack over the previous 24 hours, El Paso said Tuesday. With the Washington Ranch storage facility currently at maximum withdrawals, further reductions in linepack at such rates cannot be sustained, the pipeline added. Since July 10, Washington Ranch has been in net withdrawal for all but one day, resulting in a total drawdown of more than 1.5 Bcf, it said. If customers fail to improve balancing their takes and receipts, El Paso said, it will issue a notice of Strained Operating Condition.

July 26, 2006

Transportation Notes

Southern California Gas declared a high-linepack OFO for Saturday, setting a 10% imbalance tolerance for excess deliveries into its system. When its storage injection capacity falls below 850 MMcf/d, confirmations of firm injection nominations will be reduced as outlined in the “Storage Injection Capacity Reductions” notice posted July 1, 2005 on its bulletin board, SoCalGas said.

May 15, 2006

Transportation Notes

Citing “a combination of receipt underperformance and takes in excess of scheduled quantities,” El Paso said Wednesday its system “is being drafted at rates that are not sustainable.” It added that performance caps will be placed on receipt points that are not performing up to scheduled quantities and urged shippers to bring their supplies in balance with their takes. Shippers owing gas to El Paso can arrange to pay gas back, the pipeline said, but if the situation fails to improve, a declaration of Strained Operating Condition may be required.

January 12, 2006

IPAA Asks Congress to ‘Do No Harm’ to Oil and Gas Industry

An independent oil and natural gas producer group called on Congress this week to reject proposals seeking to impose a tax on the excess profits of oil and natural gas companies.

November 11, 2005

Transportation Notes

Tennessee Gas Pipeline said that due to nominations in excess of the available capacity it anticipates the restrictions Tuesday at the Niagara River Meter. It anticipates restricting through 58% of supply to market secondary out of the path nominations sourced from the Niagara River Meter. It will not accept any supply to market increases sourced from the Niagara River Meter and also will not accept any supply to market increases into the Zone 0/100 leg pool.

August 16, 2005

North American Reserve Replacement Just Tops Production

Producers in both the U.S. Lower 48 and Canada added reserves just slightly in excess of production in 2004, according to a new report by Ziff Energy that shows a reserve replacement rate of 115% in the U.S. and 108% in Canada.

June 6, 2005

North American Reserve Replacement Just Tops Production

Producers in both the U.S. Lower 48 and Canada added reserves just slightly in excess of production in 2004, according to a new report by Ziff Energy that shows a reserve replacement rate of 115% in the U.S. and 108% in Canada.

June 6, 2005

ANR’s Open Season to Gauge Storage, Transport Needs

ANR Pipeline Co. is holding an open season through June 22 for incremental storage and transport services in response to recent customer requests for capacity in excess of its existing storage portfolio. Depending on the level of new capacity requested, ANR said it would expand existing storage and develop one or more new fields, all in Michigan.

May 30, 2005