Golden

The first cavern at the Golden Triangle Storage facility near Beaumont, TX, has entered initial commercial operations, AGL Resources said Thursday. Full commercial service of about 6 Bcf of working capacity is expected to begin after dewatering in December.

Signifying moderate weather and lack of demand in the Golden State, Pacific Gas and Electric issued a systemwide Stage 2 high-inventory OFO on its California Gas Transmission system for Saturday. Penalties of $1/Dth were set for positive daily imbalances exceeding a 13% tolerance. Southern California Gas extended a high-linepack OFO that was implemented Friday through at least Saturday. SoCalGas had said it expected to have no more injection capacity in its storage fields as of Friday.

Golden, CO-based Bentek Energy LLC said last week it is now offering IntercontinentalExchange (ICE) daily natural gas and power index prices in its Hub Flow maps and other energy market publications, further explaining the price to energy flow relationship.

Golden, CO-based Bentek Energy LLC said Wednesday it is now offering IntercontinentalExchange (ICE) daily natural gas and power index prices in its Hub Flow maps and other energy market publications, further explaining the price to energy flow relationship.

Gas production onshore and offshore Louisiana and Texas is beginning to rise slowly, Golden, CO-based consulting firm Bentek Energy reported Wednesday. Total Gulf production, judging from scheduled gas pipeline nominations, as of Wednesday morning rose to 4,785 MMcf/d compared to a revised total for Tuesday of 4,529 MMcf/d and pre-Katrina levels of 13,820 MMcf/d, Bentek said in a Hurricane 2005 update.

Gulf Coast gas production barely budged Tuesday, according to scheduled gas flows on the region’s major pipelines, Golden, CO-based consulting firm Bentek Energy reported. Scheduled gas production onshore and offshore Texas and Louisiana was even slightly lower on Tuesday than on Monday — 3,749 MMcf/d compared to 3,888 MMcf/d. That’s down from a pre-Katrina level of 13,820 MMcf/d, Bentek said.

Rocky Mountain region producers may be entering a golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Some price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.

Rocky Mountain region producers are enjoying a new golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.

The Federal Energy Regulatory Commission staff said it will prepare an environmental impact statement (EIS) for the proposed Golden Pass LNG Terminal and Pipeline Project, owned by ExxonMobil. The proposed facilities would consist of a liquefied natural gas (LNG) import terminal and interconnecting pipelines near Sabine Pass, TX, 10 miles south of Port Arthur; with a 1 Bcf/d capacity, expandable to 2 Bcf/d, targeted for late 2008. ExxonMobil and Qatar Petroleum have signed an agreement to supply 15.6 million tons a year of LNG (2 Bcf/d) to the United States from Qatar for 25 years. The proposed project joined the FERC pre-filing process in November 2003. The proposed facility mirrors another ExxonMobil proposal, the Vista del Sol project on the Texas coast near Corpus Christi, which entered the pre-filing process at FERC in January of this year. The Commission’s notice earlier this week follows on a notice of environmental review and scoping issued by FERC in January. It offers a final opportunity for parties, including other government agencies to submit comments on the project’s environmental impact.