Formerly

Following five years of public debate and analysis, the federal government cleared the way Wednesday to develop natural gas wells on thousands of acres in a formerly roadless area of the northern San Juan basin.

Rockies Express Pipeline LLC, formerly Entrega Gas Pipeline LLC, has filed an application seeking FERC authorization to build the second leg of a $4 billion mega-pipeline project that would transport Rocky Mountain gas supplies to Midwest and Northeast markets.

Dallas-based Remington Oil and Gas Corp. has set a special shareholders meeting for June 29 to approve the merger and acquisition by Helix Energy Solutions Group Inc. Helix, formerly Cal Dive International, agreed earlier this year to pay $27 in cash and provide Remington shareholders 0.436 shares of Helix for each Remington share (see Daily GPI, Jan. 24).

FERC on Thursday granted Rockies Express Pipeline LLC, formerly Entrega Gas Pipeline LLC, more time to complete work on Phase I of a 327-mile pipeline system that would tie in with the rest of the mammoth Rockies Express pipeline in northern Colorado. The company is a joint venture of Kinder Morgan Energy Partners LP and Sempra Pipelines & Storage, co-sponsors of the Rockies Express pipeline.

Rockies Express Pipeline LLC, formerly known as Entrega Gas Pipeline LLC, has asked FERC to extend the deadline to construct and put in service the second half of Phase I of a 327-mile pipeline system that would interconnect with the rest of the mammoth Rockies Express pipeline at the Cheyenne Hub in northern Colorado.

Daniel Gordon, 29, who formerly headed energy trading for Merrill Lynch & Co. and then Allegheny Energy, on Friday was sentenced to three and a half years in prison for embezzling $43 million from the investment banker.

With its sights on Canadian oilsands growth and a stable utility business, Kinder Morgan Inc. (KMI) announced an agreement Monday to buy Terasen Inc., formerly BC Gas, for US$5.6 billion (C$6.9 billion) including debt. The per share value of the purchase is about C$35.91/Terasen share, which represents a 20% premium to the most recent 20-day average and a 14% premium to Monday’s closing price on the Toronto Stock Exchange.

CenterPoint Energy Inc. said it has completed the $3.65 billion sale of Texas Genco Holdings Inc., the company’s wholesale electric power generation business, to Texas Genco LLC, formerly known as GC Power Acquisition LLC.

Aboriginal politics, formerly a lethal snare in northern Canada, will not be allowed to trip up the Mackenzie Gas Project, a ruling by the National Energy Board has confirmed.