Field

Southern noted that it will lose 64% of its available injection/withdrawal capability during a shutdown test of the Muldon (MS) Storage Field that begins Tuesday and runs through the following Monday. Based on current supplies and anticipated demand, Southern expected injection requirements Tuesday to exceed capability by about 75,000 Dth/d.

Operator Williams Field Services (WFS) said the Opal Plant did not reach full production at the projected time Tuesday due to a delay in the turnaround time from a shutdown. Thus it was necessary to curtail nominations for Wednesday’s gas day to make up for the previous day’s shortfalls to downstream pipes, WFS said. LaBarge Compressor Station remained down, it added, and Enterprise “had issues at Bridger Station, which resulted in a significantly reduced volume to the inlet of Opal Plant.” There was no estimated time for Bridger Station start-up, WFS said Wednesday.

Regency Energy Partners LP plans to acquire Zephyr Gas Services, a field services company based in Houston, for $185 million, the company said last week. Additionally, the second quarter the partnership reported a net loss due to the effect of special items.

Regency Energy Partners LP plans to acquire Zephyr Gas Services, a field services company based in Houston, for $185 million, the company said Monday. Also on Monday, for the second quarter the partnership reported a net loss due to the effect of special items.

Bill Barrett Corp. and several environmental groups cheered a decision Thursday by the Bureau of Land Management (BLM) to authorize full-field development of the natural gas-rich West Tavaputs Plateau in the Uinta Basin of Utah. The area holds an estimated 324 Bcfe of proved and 1.3 Tcfe of proved, probable and possible natural gas reserves on more than 40,000 acres.

Bill Barrett Corp. and several environmental groups cheered a decision Thursday by the Bureau of Land Management (BLM) to authorize full-field development of the natural gas-rich West Tavaputs Plateau in the Uinta Basin of Utah. The area holds an estimated 324 Bcfe of proved and 1.3 Tcfe of proved, probable and possible natural gas reserves on more than 40,000 acres.

If independent retail gas marketers want a level state tax playing field with local distribution company (LDC) marketers in Ohio, they will have to pursue their case in state courts, the U.S. Supreme Court said in a decision issued June 1 [No. 09-223].

If independent retail gas marketers want a level state tax playing field with local distribution company (LDC) marketers in Ohio, they will have to pursue their case in state courts, the U.S. Supreme Court said in a decision issued June 1 [No. 09-223].

Devon Energy Corp. agreed to sell its producing Panyu field offshore China to China National Offshore Oil Corp. for $515 million ($370 million after tax). Since Devon announced in late 2009 that it would reposition itself as a North American onshore producer, it has sold almost $10 billion ($7.9 billion after tax) Gulf of Mexico and international assets, exceeding its initial expectations of $4.5-7.5 billion (see NGI, Nov. 23, 2009). Still to be sold are assets in China and Angola; all of the sales are expected to be completed by year’s end.