Florida Gas Transmission once again extended an OFO but loosenedthe tolerance for negative daily imbalances to 15% Thursday afterhaving tightened it to 5% Wednesday (see Daily GPI, Dec. 7).
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California Initiates Winter Alerts
California power end users probably thought they were justhaving another nightmare Monday when the California ISO announcedStage One and Stage Two Electric Emergencies. After all, it’sNovember, not August. However, August apparently left a lastingimpression on the state’s ailing power plants.
Powder Growth Prompts Medicine Bow Expansion
Pipeline companies are having a hard time keeping up with therapidly growing coal-bed methane production in the Powder RiverBasin. Coastal Corp.’s Wyoming Interstate Company just put itsMedicine Bow lateral into service last November and the companyalready is filing plans for a second expansion, which will addanother 675,000 Dth/d of firm capacity, bringing the total to morethan 1 Bcf/d.
Powder Growth Prompts Medicine Bow Expansion
Pipeline companies are having a hard time keeping up with therapidly growing coal-bed methane production in the Powder RiverBasin. Coastal Corp.’s Wyoming Interstate Company just put itsMedicine Bow lateral into service last November and the companyalready is filing plans for a second expansion, which will addanother 675,000 Dth/d of firm capacity, bringing the total to morethan 1 Bcf/d.
Florida Power Attempts to Mitigate Impact of High Costs
Florida Power & Light is having to do a delicate balancingact to minimize the impact of high gas and oil prices onresidential customers.
SEC Oks Allegheny Power, Mountaineer Deal
Allegheny Power of Hagerstown, MD is closer to having 200,000new natural gas customers after getting a thumbs up from theSecurities and Exchange Commission yesterday to acquire MountaineerGas Co., West Virginia’s largest natural gas provider.
Wyoming Producers Battle Coal Companies
Having lost out in the U.S. Senate’s Energy and NaturalResources Committee, coal-bed methane producers have taken theirbattle against a bill to formalize the dispute resolution processwith coal producers before a House subcommittee, pointing to apotential loss of natural gas resources.
ExxonMobil’s Deepwater Exploration Yields Results
Having set the world’s water-depth record for a combineddrilling and production platform, Exxon Mobil Corp.’s Hoover andDiana fields now are averaging 140 MMcf of gas and 18,000 barrelsof oil per day from five wells, and contain estimated recoverableresources that exceed 300 million oil-equivalent barrels.
ExxonMobil Starts Deepwater Production
Having set the world’s water-depth record for a combineddrilling and production platform, Exxon Mobil Corp.’s Hoover andDiana fields now are averaging 140 MMcf of gas and 18,000 barrelsof oil per day from five wells, and contain estimated recoverableresources that exceed 300 million oil-equivalent barrels.
Equitable Rewards Gerber With Chairman Post
Acknowledging its significant improvement in company performanceand shareholder value in the past year, Equitable Resourcespromoted Murry S. Gerber to chairman of the board of directors lastweek. Gerber has served as president and CEO since joiningEquitable in 1998.