Berry Petroleum Co. has completed its $48.6 million purchase of Uinta Basin properties from Williams Production RMT Co. The properties, located in Brundage Canyon in northeastern Utah, currently are producing 1,800 net boe/d. Berry estimates the 43,500 acres have proved reserves of 8.6 million boe, comprised of 75% light oil and 25% natural gas.
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NRG: Continued Operation of Power Plants Remains Top Priority
Continued operation of bankrupt NRG Energy’s generating assets, including those located in the northeastern part of the U.S., remains among the bankrupt company’s “highest corporate priorities,” NRG President John Boken told FERC in a letter sent to the federal agency on Thursday.
Williams Confirms Pipeline Breach in Washington State
Williams officials were responding Friday to a breach of a segment of its Northwest Pipeline located between the towns of Auburn and Sumner, WA. No fire or injuries were reported, a Williams announcement said.
Williams Confirms Pipeline Breach in Washington State
Williams officials were responding Friday to a breach of a segment of its Northwest Pipeline located between the towns of Auburn and Sumner, WA. No fire or injuries were reported, a Williams announcement said.
Aspen Exploration Increases Gas Position Near Sacramento
Denver-based Aspen Exploration Corp. said Tuesday that it has acquired two contiguous gas properties located in Colusa County, CA, approximately 100 miles northeast of Sacramento.
Bay Gas Storage Begins Injecting Gas Into Second Mobile, AL Storage Cavern
Bay Gas Storage Co. has begun initial injections of natural gas into its second salt dome gas storage cavern located at its facility near Mobile, AL. The company recently completed the first phase of cavern two.
Bay Gas Holds Open Season on Cavern Two Storage Capacity
Bay Gas Storage Company Ltd. said it will conduct an open season to assess interest in the expansion of its natural gas storage facilities located near Mobile, AL. The company said the open season, which began last week, will run until Jan. 17.
Dynegy Rumored to be Close on Sale of UK Storage Facility
Dynegy Inc. is close to selling the largest natural gas storage asset in Europe, its undersea storage facility Rough, which is located off the northeastern coast of Great Britain, according to Reuters sources. Dynegy, then set to blaze a trail through Europe, paid more than $600 million for Rough and a large package of storage and pipeline assets from UK-based BG Group plc last year (see Daily GPI, Nov. 29, 2001).
Dominion E&P to Assume Operation of 800 Coal Bed Methane Wells
Dominion Exploration & Production, Inc. said Tuesday that it will assume operation of more than 800 coal-bed methane wells located in Tuscaloosa, AL, from its partner, ConocoPhillips. Dominion said the effective date of the transaction is Dec. 31, 2002.
Houston Exploration Boosts ’03 Gas Hedges by 70,000 MMBtu/d
Houston Exploration Co. said Monday it has hedged an additional 70,000 MMBtu/d of natural gas production for 2003, bringing its total gas production hedged for the year to 335,000 MMBtu/d.