Located

Transwestern’s Bisti Compressor Station, located downstream ofthe Bloomfield Compressor Station on the San Juan lateral will bedown for unplanned maintenance Wednesday and Thursday. San JuanLateral Capacity will be approximately 700,000 MMBtu/d. Monitor thepipeline’s web site for updates.

Forcenergy Inc. reported a blowout yesterday on an exploratorywell at West Cameron Block 317, located 65 miles south of LakeCharles, LA, in the Gulf of Mexico. The blowout occurred duringcompletion operations, but it has not ignited. All personnel havebeen safely evacuated from the Marine Drilling Rig No. 4.Forcenergy has notified all of the proper governmental authoritiesand is cooperating fully with each respective agency.

Meridian Resource Corp. announced last week its intentions tosell certain non-strategic oil and gas properties located in SouthLouisiana, Southeast Texas and offshore Louisiana.

Unico Inc. of Stamford, CT, bought Silver Valley Energy Inc.,including its proven oil and gas reserves located in the GlassMountains of Pecos County, TX, for an undisclosed amount. Theproperty is valued at more than $40 million based upon a recentindependent analysis.

Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one oftwo proposed natural gas interstate pipelines. The business-focusedlocal government is finishing construction of a new municipal gasdistribution system that will compete with Southern California Gas’existing network. By next year, there will be duplicative gasdistribution systems operating.

Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one ofthe two proposed natural gas interstate pipelines. Thebusiness-focused local government is finishing construction of anew municipal gas distribution system that will compete withSouthern California Gas’ existing network. By next year, there willbe duplicative gas distribution systems operating.

Consolidated Edison Co. of New York yesterday began auctioningoff all its fossil-fired generating stations located in New YorkCity. The assets up for sale total about 5,500 MWs of capacity andhave been divided into three groups, or bundles, with each to besold separately to third parties as part of the state’s effort topromote a competitive electric industry.

EEX Corp. agreed to trade substantially all of its Permian Basinproperties in West Texas and Eastern New Mexico for the shallowwater properties located off the coast of Texas and Louisiana ofEnergen Resources Corp., the oil and gas subsidiary of EnergenCorp. In addition to the shelf properties, EEX will receive $9million in cash. “This trade is another step in our strategy toexit the onshore business and focus on offshore Gulf of Mexico.These new properties will improve near-term production of naturalgas and will contribute to improving our cost structure by loweringper unit production costs while eliminating overhead costs relatedto onshore properties,” said Tom Hamilton, EEX CEO.

Tejas Energy, LLC announced plans to build a 75-mile pipeline totransport 90 MMcf/d of gas to the city of Toluca, Mexico, locatedabout 45 miles west of Mexico City. The pipeline will move gas froman interconnect with Pemex Gas y Petroquimica Basica’s pipeline atPalmillas, Mexico to a new local distribution company formed byRepsol, which placed a winning bid for the distribution zoneearlier this year.