Liquids

TEPPCO Partners LP has asked permission from the Federal Trade Commission (FTC) to sell its interest in the Mont Belvieu natural gas liquids (NGL) storage facility located in southeastern Texas to partner Louis Dreyfus Energy Services LP. Financial details were not disclosed.

TEPPCO Partners LP is seeking permission from the Federal Trade Commission (FTC) to sell its interest in the Mont Belvieu natural gas liquids (NGL) storage facility to partner Louis Dreyfus Energy Services LP. Financial details were not disclosed.

Enterprise Products Partners LP said Wednesday it’s planning to convert an existing natural gas liquids salt dome storage field in Mont Belvieu, TX, into a 10 Bcf natural gas storage operation. The project, which joins a rapidly growing list of domestic gas storage projects, would include pipeline interconnects with Enterprise Texas Pipeline, Enterprise Texas Intrastate (Channel), Kinder Morgan Texas Pipeline and Texas Eastern Transmission.

Enterprise Products Partners LP said Wednesday it’s planning to convert an existing natural gas liquids salt dome storage field in Mont Belvieu, TX, into a 10 Bcf natural gas storage operation. The project, which is among more than a dozen proposed gas storage fields that have been announced in the last few years, would include pipeline interconnects with Enterprise Texas Pipeline, Enterprise Texas Intrastate (Channel), Kinder Morgan Texas Pipeline and Texas Eastern Transmission.

As it continues to restore its Gulf of Mexico (GOM) infrastructure damaged in last year’s hurricanes, Chevron Corp. said it now expects 3Q2006 U.S. natural gas liquids (NGL) and gas production volumes to increase 1.4% sequentially over 2Q2006.

Chevron Corp. expects 3Q2006 U.S. natural gas liquids (NGL) and gas production volumes to increase 1.4% sequentially over 2Q2006, as it continues to restore its Gulf of Mexico (GOM) output that was shut-in during last year’s hurricane season.

Mid-America Pipeline Co. LLC has executed long-term transportation agreements with all but one of its current shippers on the Rocky Mountain Pipeline system to transport natural gas liquids (NGL) from the Rockies to either the Hobbs, NM fractionator or to Mont Belvieu, TX, via the Seminole pipeline system. The agreements, for at least 10 years and up to 20 years, are expected to help expand NGL transportation from the growing Rockies’ basins.

In an effort to lock in high commodity prices, Energen Corp. has increased its 2007 and 2008 hedge positions for natural gas, oil and natural gas liquids (NGL). The Birmingham, AL-based holding company said it sold New York Mercantile Exchange (Nymex) contracts and swaps on the output of its oil and natural gas development subsidiary Energen Resources Corp.

Canadian Utilities Limited, a division of Alberta-based ATCO Ltd., will examine “strategic alternatives” for its gas gathering and processing and natural gas liquids midstream business. Options include reorganization into a business trust or newly created company, sale to a third party or continued operation under the existing corporate structure, the company said. Canadian Utilities has retained advisers to assist it in considerations. ATCO has more than 7,000 employees engaged in power generation, utilities and global enterprises.