Intent

FERC Sets Parameters for Release of Energy Probe Documents

In a notice of intent (NOI) issued late Wednesday, the Federal Energy Regulatory Commission said it intends to release to the public a mass of documents that were furnished by energy suppliers and others as part of the agency’s year-long probe into potential manipulation of short-term prices for natural gas and electricity in western markets. However, it also noted that some of the information still will remain confidential [PA02-2].

March 7, 2003

Senate Dems Signal Intent to Block Kelliher Nomination to FERC

Sen. Jeff Bingaman of New Mexico, the ranking Democrat on the Senate Energy and Natural Resources Committee, signaled last Tuesday that he will block the Republican nominee for a seat on the Federal Energy Regulatory Commission unless the White House names a Democratic nominee for the other vacant position on the five-member Commission.

February 17, 2003

Senate Dems Signal Intent to Block Kelliher Nomination to FERC

Sen. Jeff Bingaman of New Mexico, the ranking Democrat on the Senate Energy and Natural Resources Committee, signaled Tuesday he will block the Republican nominee for a seat on the Federal Energy Regulatory Commission unless the White House names a Democratic nominee for the other vacant position on the five-member Commission.

February 12, 2003

Far East Energy Acquires American Oil & Gas’ Montana Gas Assets

Houston-based Far East Energy Corp. said Tuesday that it has entered into a letter of intent with American Oil & Gas Inc. to acquire its Newark Valley Oil & Gas Inc. subsidiary. Under the tax-free reorganization, Far East will acquire Newark’s natural gas interests in northeast Montana. The deal was effective Nov. 9.

November 13, 2002

Powder River Basin Gas to Acquire CKG Energy’s New Mexico Operations

Powder River Basin Gas Corp. (PRBG) said Tuesday it has signed a letter of intent to acquire CKG Energy’s New Mexico operation in the Tucumcari Field with an estimated 500 Bcf in reserves.

October 23, 2002

Westar Notifies Oneok of Intent to Sell 45% Stake

Two months after it first gave notice that it was reviewing alternatives, Westar Industries Inc., a subsidiary of Topeka-based Western Resources Inc. gave Oneok Inc. notice late last week it will sell all of its interests — common and preferred stock — in the Tulsa-based gas distributor.

June 3, 2002

BP’s Crazy Horse to Get World’s Largest Semi-submersible Unit

BP said early last week that it has entered into a letter of intent with Daewoo Shipbuilding & Marine Engineering Co. Ltd. of South Korea for the design, construction and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico. The companies said the platform will be the largest semisubmersible production/drilling unit in the world.

November 12, 2001

BP’s Crazy Horse to Get World’s Largest Semisubmersible Unit

BP said Monday that it has entered into a letter of intent with Daewoo Shipbuilding & Marine Engineering Co. Ltd. of South Korea for the design, construction and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico. The companies said the platform will be the largest semisubmersible production/drilling unit in the world.

November 6, 2001

El Paso Unit to Build 37-Mile Deepwater Pipe

El Paso Energy Partners LP reported that its subsidiary, VK Deepwater Gathering Co. LLC, has entered into a letter of intent to construct a 37-mile natural gas pipeline connecting the deepwater Gulf of Mexico to markets in the Midwest and Northeast.

October 17, 2001

El Paso Energy Partners to Buy Midstream Assets for $284M

El Paso Energy Partners L.P. (EPN) announced last Wednesday that it executed a letter of intent to purchase the Chaco cryogenic natural gas processing plant in northern New Mexico’s San Juan Basin, entered into a 20-year, fixed-rate tolling agreement to process gas for El Paso Field Services, and has agreed to buy El Paso Corp.’s 50% interest in a joint venture that owns gas pipeline and gathering systems in the Gulf of Mexico. The value of the transaction was estimated at $284 million.

October 8, 2001