Growth

Burgeoning gas production in northern British Columbia has prompted Westcoast Energy to hold another open season for a capacity expansion. As a result of a recent open season, Westcoast gathered binding requests for 33 MMcf/d of expansion service on its Forth Nelson mainline for an April 2002 in-service date. A new open season held last week was for an additional 120 MMcf/d on the Fort Nelson line by November 2002.

Burgeoning gas production in northern British Columbia has prompted Westcoast Energy to hold another open season for a capacity expansion. As a result of a recent open season, Westcoast gathered binding requests for 33 MMcf/d of expansion service on its Forth Nelson mainline for an April 2002 in-service date. This new open season is for an additional 120 MMcf/d on the Fort Nelson line by November 2002.

Cross Timbers Oil Co., riding high on a wave of record earnings and gas production growth, has adopted a new name, XTO Energy Inc., which takes effect June 1. The company will continue to be listed on the New York Stock Exchange under the symbol “XTO.”

With so many proposed new pipelines and expansions in the works to serve the wild demand growth in California, Kinder Morgan Energy Partners LP and Calpine Corp. wasted no time last week in marketing space on their massive $1.7 billion gas pipeline project, which was announced last week (see Daily GPI, May 3). The companies launched an open season on Monday to take binding market requests for service through June 1 on their 1,030-mile Sonoran Pipeline.

With so many proposed new pipelines and expansions in the works to serve the wild demand growth in California, Kinder Morgan Energy Partners LP and Calpine Corp. wasted no time this week in marketing space on their massive $1.7 billion gas pipeline project, which was announced last week (see Daily GPI, May 3). The companies launched an open season yesterday to take binding market requests for service through June 1 on their 1,030-mile Sonoran Pipeline.

A simultaneous blend of production capacity and capital dollars, tossed together with significant growth in electric generation, created the perfect “aligning of the planets” to finally make a serious go at building a subsea natural gas pipeline from Nova Scotia to the northeast United States, with a possible end point of New York City, said one of the executives involved in the planning.

The transition to an online business model has led to cost reductions, improved efficiency and tremendous growth for Enron, CEO Ken Lay said last week during a web-cast conference on e-commerce sponsored by Houston-based FlashFind Corp. and the Independent Natural Gas Association of America.

The transition to an online business model has led to cost reductions, improved efficiency and tremendous growth for Enron, CEO Ken Lay said earlier this week during a web-cast conference on e-commerce sponsored by Houston-based FlashFind Corp. and the Independent Natural Gas Association of America.

Recognizing the need for more high-deliverability storage to support the rapid growth of gas-fired power generation in Texas, Falcon Gas Storage acquired a second storage facility in the state, with plans to increase cycling capabilities and connect the facility to the main Texas pipeline grid. The Hill-Lake natural gas storage facility is located about 100 miles west of Dallas/Fort Worth in Eastland County. Falcon purchased rights to the plant from TXU Lone Star Pipeline.