Texas Boasts Texas-Size Lease Sale

Despite $15 oil and the whopping $810 million federal CentralGulf of Mexico lease sale three weeks ago, oil and gas prospectorshad enough shekels remaining to make the Texas General Land Officesale April 7 the largest high bids sale in 22 years and the seventhlargest in the history of the 150-plus-year old agency.

April 9, 1998

FERC Approves Expanded NorAm Pooling

The Federal Energy Regulatory Commission last week gave NorAmGas Transmission the go-ahead to proceed with its plan to doublethe number of pooling areas on its system, effective April 1,subject to FERC review of a tariff filing outlining the poolboundary changes.

April 6, 1998

FERC Okays Using Capacity Release to Raise Rates

In upholding the rolled-in rate settlement of PG&E GasTransmission Northwest Corp., the Federal Energy RegulatoryCommission ruled last week that replacement shippers who receivedpermanent releases of older, pre-expansion capacity were similarlysituated to the system’s expansion shippers and, therefore, shouldbe charged similar rates.

March 30, 1998

FERC Calls for Testimony on Complaint Procedures

The Federal Energy Regulatory Commission last week announced itwill hold a symposium later this month to address reform of itscomplaint procedures.

March 16, 1998

EPA Questions Alliance NGLs

The U.S. Environmental Protection Agency has found some missingelements in the draft environmental impact statement (DEIS)prepared by the Federal Energy Regulatory Commission on theAlliance Pipeline project which is in competition with Voyaguer tocarry western Canadian supplies to the Chicago area.

March 11, 1998

Daniel Yergin: Commanding Heights at FERC

Energy guru and Pulitzer-prize winning author Daniel Yergin toldFederal Energy Regulatory Commission staffers there will still be aplace for the agency in the next millennium despite the fact themarketplace is taking “The Commanding Heights” away fromgovernments.

March 9, 1998

Judge Rules Against Producers in Royalty Cas

In a “Freddie Krueger-style” wipeout, a federal district courton Friday the 13th dealt a crippling blow to a major producergroup and two producers when it denied their motions dealing withroyalty treatment of take-or-pay settlement payments. U.S. DistrictCourt Judge Royce Lamberth upheld his earlier ruling that theIndependent Petroleum Association of America (IPAA) lackedjurisdiction in a lawsuit challenging the Interior Department’scollection of royalties on lump-sum payments made by producers toget out of their gas contracts with pipelines. The IPAA lawsuit ledto a 1996 ruling by the D.C. Circuit Court of Appeals in favor ofgas producers

February 24, 1998

Producers Launch Sable Island; Promise Deliveries in 22 Months

With all regulatory approvals in place at both Federal andProvincial levels, sponsors of the Sable Island Offshore EnergyProject last week signed both their key commercial agreements andthe Facilities Alliance Agreement to engineer, construct andinstall production and gathering facilities to handle delivery of 3.5 Tcf of gas from offshore Nova Scotia. This formally commits theowners to the $2 billion first phase, which will deliver the firstgas in late 1999.

February 16, 1998
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