Infrastructure

The build-out of pipeline infrastructure in recent years has contributed to the efficiency of the nation’s natural gas delivery grid as previously stranded gas can now reach high-demand markets. New trading activity and pricing locations have emerged, prompting NGI to establish new price indices for Transwestern San Juan (TSJ) and the Clarington, OH, terminus of Rockies Express (REX).

The build-out of pipeline infrastructure in recent years has contributed to the efficiency of the nation’s natural gas delivery grid, as previously stranded gas can now reach high-demand markets. New trading activity and pricing locations have emerged, prompting NGI to establish new price indices for Transwestern San Juan (TSJ) and the Clarington, OH, terminus of Rockies Express (REX).

The build-out of pipeline infrastructure in recent years has contributed to the efficiency of the nation’s natural gas delivery grid as previously stranded gas can now reach high-demand markets. New trading activity and pricing locations have emerged, prompting NGI to establish new price indices for Transwestern San Juan (TSJ) and the Clarington, OH, terminus of Rockies Express (REX).

Although the energy infrastructure remained intact, California Gov. Arnold Schwarzenegger last Tuesday declared a state of emergency for Humboldt County in the wake of the 6.5-magnitude earthquake offshore Eureka, CA, Jan. 9. Schwarzenegger cited damage along the Northern California coast, including utilities and 175 structures.

Although the energy infrastructure remains intact, California Gov. Arnold Schwarzenegger on Tuesday declared a state of emergency for Humboldt County in the wake of the 6.5-magnitude earthquake offshore Eureka, CA, last Saturday. Schwarzenegger cited damage along the Northern California coast, including utilities and 175 structures.

Northern California utility electric and natural gas infrastructure absorbed a 6.5-magnitude earthquake off the coast of the fishing town of Eureka on Saturday. At its peak 36,000 Pacific Gas and Electric Co. customers were without electricity and/or gas services, but by 8 a.m. Sunday all of them were restored, a PG&E utility spokesperson told NGI.

Offshore oil and gas infrastructure producer and power generation system manufacturer McDermott International Inc. said early last week that it plans to separate its operating subsidiaries, Babcock & Wilcox Co. (B&W) on the power side and J. Ray McDermott S.A. (J. Ray) on the oil and gas side, into two independent, publicly traded companies.

Offshore oil and gas infrastructure producer and power generation system manufacturer McDermott International Inc. said Monday it plans to separate its operating subsidiaries, Babcock & Wilcox Co. (B&W) on the power side and J. Ray McDermott S.A. (J. Ray) on the oil and gas side, into two independent, publicly traded companies.

Gastar Exploration Ltd. has sold its majority interest in the Hilltop Resort Gathering System to US Infrastructure LP (USI). The Hilltop Resort Gathering System is composed of 20 miles of gas pipeline extending through Robertson and Leon Counties, TX, with a gathering capacity of 120 MMcf/d. The system is connected to 24 Gastar-operated wells, which produce from the middle and lower Bossier and Knowles formations in East Texas. Gastar received approximately $21.7 million, net of costs and expenses associated with the transaction. “The sale of our stake in the Hilltop system provides an attractive return on our investment and additional liquidity to pursue our drilling plans in East Texas and the Marcellus Shale while maintaining a very low level of leverage,” said Gastar CEO J. Russell Porter. USI partnered with Metalmark Capital to finance the transaction.