Houston

HS Resources will buy Houston-based Kinder Morgan’s gatheringsystem in the Wattenberg field area of the Denver-Julesberg Basin,along with its interests in the Amoco-BP Wattenberg Gas ProcessingPlant and KN Wattenberg LLC, which owns the Wattenbergtransmission system, in a phased transaction.

Houston-based Shell Energy, a subsidiary of Shell Oil Co., choseEnergy Services Group (ESG) of Pembroke, MA, to provide electronicdata interchange (EDI) and data processing services in selectedretail energy markets. ESG assists energy companies with data andtransaction processing required to service retail customer accountsin deregulated markets.

Houston-based Coral Energy launched coralconnect.com, ane-business Web site featuring e-commerce transactions, customizedcommodity price information, proprietary energy market analysis andother customer services.

Cheniere Energy Inc. of Houston this week detailed a plan toaccelerate its exploration program in the shallow Gulf of Mexicoregions. “Cheniere has a window of opportunity that may last 12 -18 months, during which time the economics of exploration drillingin the Gulf of Mexico will be particularly attractive,” saidPresident Michael L. Harvey. “Currently, oil and gas prices arerelatively high, but the costs of drilling are low.”

David A. Trice was named Joe B. Foster’s successor as CEO ofHouston-based Newfield Exploration Co. effective Feb. 15 whenFoster vacates the position as part of his retirement plans.Foster, a principal founder of Newfield, will continue as chairman.Newfield is an independent oil and gas company active in the Gulfof Mexico, along the U.S. Gulf Coast and off Australia.

Dynegy announced the sale of all of its gasification assets toCincinnati-based Global Energy Inc. for an undisclosed sum lastweek, effectively exiting the Houston-based company from thegasification business. The sale, which the companies said willclose by the end of the year, is not expected to impact Dynegy’searnings.

Dynegy announced the sale of all of its gasification assets toCincinnati-based Global Energy Inc. for an undisclosed sumyesterday, effectively exiting the Houston-based company from thegasification business. The sale, which the companies said willclose by the end of the year, is not expected to impact Dynegy’searnings.

Houston-based El Paso Energy Corp. plans to acquire Crystal GasStorage Inc. of Shreveport, LA, for $57 cash per Crystal share in adeal worth $224.6 million.

Tesoro Petroleum Corp. of San Antonio, TX, agreed to sell all ofits domestic exploration and production business to EEX Corp. ofHouston for $216 million.