Gathering

Transportation Notes

The Jonah Gas Gathering System behind the Opal Plant in Wyoming declared force majeure Thursday due to the fact that Wednesday’s scheduled work by operator TEPPCO (see Daily GPI, Oct. 5) incurred unforeseen problems that extended the anticipated downtime of 15 hours. Because of this, Jonah was required to make Cycle III cuts at the Opal Plant for Thursday’s gas day, according to a posting by Sherry Anderson, TEPPCO’s commercial operations manager. Kern River, which derives much of its supply at Opal, said it was informed by TEPPCO that the total cut was approximately 100,000 dekatherms. Kern River encouraged customers with Opal gas to contact their suppliers to see how they might have been affected.

October 7, 2005

Transportation Notes

TEPPCO has scheduled a concurrent Bird Station shutdown and Pioneer processing facility turnaround in the Jonah Gathering Field to occur both Oct. 5 and Oct. 12. According to the Kern River bulletin board, TEPPCO has estimated that each day’s work will require downtime of approximately 15 hours and an estimated curtailment of 753 MMcf. Because most Kern River supply comes to it either through the Opal Plant downstream of Jonah or the Pioneer receipt points, there will be an impact to Kern River shippers. During TEPPCO’s Oct. 5 maintenance, Kern River will take the opportunity to complete semi-annual maintenance on Fillmore Station’s Unit #2, previously scheduled for Oct. 19, and the Warm Springs Station hot tap, previously scheduled for Oct. 20. The pipeline asked shippers and operators to align their supplies with markets so that no banking occurred Tuesday (in preparation for the Oct. 5 work) and no drafting occurs on Oct. 5.

October 5, 2005

Transportation Notes

TEPPCO has scheduled maintenance at its Falcon Station in the Jonah Gathering Field for Wednesday and again Sept. 21, according to a Kern River posting. Each day’s work will curtail an estimated 325 MMcf/d. “Because most of the gas comes to Kern River either through the Opal or the Pioneer receipt points, there will be an impact to Kern shippers,” the pipeline said.

September 14, 2005

Dominion Shuts Door on Pursuing Merger; AEP Lukewarm on M&A

A top official with Virginia-based Dominion told a gathering of financial professionals last Tuesday that the energy company is “not interested” in pursuing a merger. Meanwhile, Michael Morris, CEO of American Electric Power (AEP), told the same conference that AEP is “not excited” about merger and acquisition (M&A) activities.

June 20, 2005

Energy Transfer Picks Up Houston Pipe Line from AEP for $825M

Energy Transfer Partners said it purchased a majority of the entity that owns Houston Pipe Line and related storage assets from American Electric Power Corp. (AEP) for about $825 million. AEP had been planning to sell the assets since last year as part of its strategy to refocus on core regulated operations.

April 18, 2005

Energy Transfer Picks Up Houston Pipe Line from AEP for $825M

Energy Transfer Partners said it purchased a majority of the entity that owns Houston Pipe Line and related storage assets from American Electric Power Corp. (AEP) for about $825 million. AEP had been planning to sell the assets since last year as part of its strategy to refocus on core regulated operations.

April 15, 2005

High Energy Costs, Loss in NGL Marketing Keep Enterprise Earnings Flat in 2Q

Higher sales in the second quarter failed to offset a loss in the natural gas liquids (NGL) marketing business and higher energy costs, Enterprise Products Partners LP said Monday. The Houston-based company, which Wall Street had forecast would earn 22 cents/unit, instead reported quarterly net income was flat: $33.1 million (11 cents/unit), compared with net income of $33.1 million (14 cents) in 2Q2003.

July 27, 2004

FERC Approves Chandeleur’s Purchase of MAGS Pipeline System

FERC has approved the purchase of ChevronTexaco’s 32-mile Mobile Area Gathering System (MAGS) by affiliate Chandeleur Pipe Line Co. for $15.4 million. The commission also has granted Chandeleur a certificate to expand its interstate pipeline capacity to 331,000 Dth/d, which will accommodate additional volumes from ChevronTexaco Natural Gas and Callon Petroleum.

May 17, 2004

FERC Approves Chandeleur’s Purchase of MAGS Pipeline System

FERC has approved the purchase of ChevronTexaco’s 32-mile Mobile Area Gathering System (MAGS) by affiliate Chandeleur Pipe Line Co. for $15.4 million. The commission also has granted Chandeleur a certificate to expand its interstate pipeline capacity to 331,000 Dth/d, which will accommodate additional volumes from ChevronTexaco Natural Gas and Callon Petroleum.

May 13, 2004

Transportation Notes

Kern River reported being informed of a force majeure situation on the Jonah Gas Gathering System behind the Opal (WY) Plant. The Jonah posting was quoted as saying the force majeure event began late Friday and continued through Monday due to a failure of the after cooler heat exchanger at the Luman #1 compressor. “Due to length of downtime, Jonah’s deliveries to Opal were below scheduled nominations” on the above dates, including Cycle III cuts for Monday’s gas day, according to the Jonah notice. Despite the Jonah producers expecting the force majeure to be extended through Thursday because of a delay in receiving the replacement unit, a spokesman for plant operator Williams Field Services said Opal operations haven’t been materially affected. The plant was expecting about 974 MMcf/d of throughput Monday, he said, which is close to the normal 1 Bcf/d or so.

May 12, 2004