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Since mid-1995, exponential growth of the Internet has broughtthe number of pages on the World Wide Web from about seven millionto approximately 800 million by mid-1999, according to a statisticcited by Gas Industry Standards Board (GISB) Executive Director RaeMcQuade.

Transwestern said the failure of a compressor unit at Station 4(Apache County, AZ) has lowered West of Thoreau capacity from850,000 MMbtu/d to about 750,000 MMbtu/d. The unit is expected toreturn to service Sunday.

No injuries or fire resulted from a rupture Sunday evening onone of El Paso’s two 24-inch pipes (Line 1201) in the San JuanTriangle south of the pipeline’s San Juan River Mainline Station.The ruptured line was isolated and the other one remained inservice. Monday’s throughput impact was estimated at 50-75 MMcf/d(about 3% of Triangle capacity); no scheduling increases were beingallowed for Cycles 3 and 4 of the gas day. El Paso expected tocomplete repairs Monday night and that Triangle capacity would beback to normal today.

Southwest Power LLC, an entity owned partly by Enron bought LasVegas Cogeneration LP and SUNCO Ltd. from The United Co. Las VegasCogeneration owns a 50 MW combined cycle power plant in North LasVegas. Designated as a qualifying facility under the PublicUtilities Regulatory Policy Act of 1978, the plant delivers powerunder contract to Nevada Power while SUNCO serves as the plant’sthermal host.

Thursday’s trading confirmed the signs from Wednesday that therecent bullishness in swing prices had reached a peak. Although afew points were flat to 2-3 cents higher Thursday, the majorityfell by several cents, with the greatest weakness occurring in theMidcontinent/Midwest and Southwest markets. Cash anticipated afutures downswing and beat the screen to the punch by starting tosoften earlier, a Midcontinent marketer said, although Nymextraders eventually wound up the day with a small gain.

Vector Energy Corp., created just over a year ago through oiland gas asset acquisitions, is leaving drill bits behind in favorof dot-coms and ISPs. “Nobody cares about oil and gas,” said VectorFounder and President Sam Skipper. Over the next several yearsVector will be either divesting its oil and gas properties ormerging them into another company, he said. Meanwhile it’s headingfor Internet territory, with a letter of intent to acquire onepublicly-held Internet Service Provider (ISP) and promises of anagreement with another with 8,000 subscribers.

Oneok Inc. of Tulsa, OK, filed to hold Southern Union incontempt for violating a federal preliminary injunction preventingit from attempting to influence a shareholder vote on the merger ofOneok and Southwest Gas Corp.

As cooling temperatures were giving heat ravaged areas from theUpper Midwest to the Southeast much needed relief, the natural gasfutures market was doing its own cooling off early yesterday asprices dipped to the lowest level since July 23. The move lower wasshort-lived and after opening at $2.50 the August contract wasunable to attract follow-though selling, leaving buyers to bid themarket higher throughout the rest of the day. The prompt monthfinished up 3.2 cents at $2.575.

Cross Timbers Oil Co. of Fort Worth, TX, continues to grow itspresence in the Arkoma Basin with an acquisition from Houston-basedOcean Energy Inc. Ocean Energy agreed to sell its working interestin certain properties in the Arkoma Basin in Arkansas and Oklahomato Cross Timbers for about $235.3 million, which will be used toreduce debt. The transaction, which is subject to customary closingconditions, is scheduled to close by mid-September.