Known

Calgary, AB-based Powder River Basin Gas Corp. (PRBG) said Wednesday it has purchased a 4,600-acre property in South Texas known as the McFadden Ranch in the East McFadden Field. Terms of the deal were not disclosed. Currently, East McFadden Field has three wells that are producing a total of 40 b/d of oil and 350 Mcf/d of natural gas. There are an additional 52 shut-in wells on this project. PRBG said it intends to rework all of these wells and install electronic submersible pumps, or ESP units, which are capable of moving an average of 3,000 bbl/d of fluid per well. The service work and ESP units are being supplied by Weatherford International, which has participated in PRBG’s research and due diligence on the project. The property’s total proved developed reserves are valued at 2.45 million bbl of oil and 2.5 Bcf of gas. McFadden Ranch also has 79 additional locations that have been identified for offset drilling on the project. The company said it plans to complete a new 3-D seismic survey on the project, which is close to the successful Goliad County project. “This is an exciting purchase for Powder River, as it brings our Texas holdings to close to 7,000 acres. McFadden Ranch is an excellent addition, as it is already producing and generating revenue while we rework the other 52 wells. In addition it provides a long-term drilling and marketing project to fulfill Powder River’s requirements over the next few years,” said PRBG CEO Brian Fox.

A little-known exploration and production (E&P) subsidiary of Constellation Energy Group Inc. on Friday raised the number of units it will offer in a planned initial public offering (IPO) to extend its coalbed methane (CBM) holdings in Alabama’s Black Warrior Basin. Following the IPO, the Baltimore-based power company would own 58% of Constellation Energy Resources LLC.

A little-known exploration and production (E&P) subsidiary of Constellation Energy Group Inc. on Friday raised the number of units it will offer in a planned initial public offering (IPO) to extend its coalbed methane (CBM) holdings in Alabama’s Black Warrior Basin. Following the IPO, the Baltimore-based power company would own 58% of Constellation Energy Resources LLC.

Although it is not a well known name in the energy industry, NorthernStar Natural Gas Inc. aims to be recognizable by the time in 2010 when it opens its proposed Bradwood Landing liquefied natural gas (LNG) receiving terminal on the Oregon side upriver about 40 miles from the mouth of the Columbia River at the Pacific Ocean-hugging town of Astoria, OR. The next step is a completed draft environmental impact report (EIR) or an announcement on a major source of LNG in the next two to three months, said Gary Coppedge the firm’s president, during an interview with NGI late Thursday.

Although it is not a well known name in the energy industry, NorthernStar Natural Gas Inc. aims to be recognizable by the time in 2010 when it opens its proposed Bradwood Landing liquefied natural gas (LNG) receiving terminal on the Oregon side upriver about 40 miles from the mouth of the Columbia River at the Pacific Ocean-hugging town of Astoria, OR. The next step is a completed draft environmental impact report (EIR) or an announcement on a major source of LNG in the next two to three months, said Gary Coppedge, the firm’s president, during an interview with NGI late Thursday.

Another piece of the giant puzzle known as the Rockies Express Pipeline LLC Project is falling into place. Questar Corp.’s Overthrust Pipeline has filed an application at FERC seeking authorization to build a nearly 80-mile extension that would be the westernmost end of the Rockies Express project, a 1,663-mile, 42-inch diameter pipeline that would transport Rocky Mountain gas supplies to markets in the Midwest and East.

Although it is not a well known name in the energy industry, NorthernStar Natural Gas Inc. aims to be recognizable by the time in 2010 when it opens its proposed Bradwood Landing liquefied natural gas (LNG) receiving terminal on the Oregon side upriver about 40 miles from the mouth of the Columbia River at the Pacific Ocean-hugging town of Astoria, OR. The next step is a completed draft environmental impact report (EIR) or an announcement on a major source of LNG in the next two to three months, said Gary Coppedge the firm’s president, during an interview with NGI late Thursday.

Rockies Express Pipeline LLC, formerly known as Entrega Gas Pipeline LLC, has asked FERC to extend the deadline to construct and put in service the second half of Phase I of a 327-mile pipeline system that would interconnect with the rest of the mammoth Rockies Express pipeline at the Cheyenne Hub in northern Colorado.

As courtroom pundits saw it, Enron Corp. founder Kenneth Lay’s turn on the witness stand would be a no brainer. Well-known Houston philanthropist and Bush crony, many of Lay’s close associates and friends have called him a disarming, affable and somewhat avuncular sort of fellow, likely to remember small details about his employees’ personal lives and not prone to micromanaging the business. He was expected to be the calm and steady “nice” guy, unlike co-defendant and ex-Enron CEO Jeffrey Skilling, whose brash personality has often preceded him.