Location

Midstream operator AltaGas Ltd., based in Calgary, said Thursday it plans to build a 120 MMcf/d gas processing facility and associated gathering system in the Gordondale area of the Montney Shale in British Columbia.

Mild weather in Canada and the northern United States fails to halt the continuation of cash advance.

El Paso expanded a location-specific Strained Operation Condition (SOC) due to drafting-caused low linepack that it had declared Saturday to a systemwide SOC Sunday. The imbalance tolerance was set initially at 10%, El Paso said, but will be reduced “if conditions do not sufficiently improve.” System linepack had fallen below 7,100 MMcf “with continued takes in excess of scheduled deliveries. Additionally, the San Juan supply basin continues to experience underperformance issues related to the cold weather with an approximate shortfall of 400 MMcf at the present time [Sunday] and [El Paso] is beginning to see underperformance in the Permian supply basin as well. Performance caps have been placed and will continue to be placed on underperforming supplies.” Its Washington Ranch storage facility was on maximum withdrawal, the pipeline said. Interruptible Storage Service was suspended Sunday until further notice.

A 36-inch diameter portion of the Oasis Pipeline System’s Waha-to-Katy line at a remote location in Central Texas, between San Antonio and Austin, ruptured and an explosion appears to have damaged a compressor station early Thursday morning.

The Florida citygate was the sole location left out of falling prices at all other points Tuesday. The overall bearishness was primarily due to the previous day’s plunge of 76.8 cents by April futures, and to a lesser degree to the relatively moderate shoulder-month weather that several areas are experiencing in mid-March.

Citing the remote location of Canada Southern Petroleum’s gas resources in the Canadian Arctic Islands, Petro-Canada said Tuesday that it is “disappointed” that Canada Southern’s board has urged shareholders to reject Petro-Canada’s US$113 million offer on grounds that it undervalues its potential Arctic reserves.

The Interior Department should keep “all options on the table” when choosing the timing and location of the lease sales to be included in the next five-year Outer Continental Shelf (OCS) leasing program for 2007-2012, five oil and natural gas groups told Interior Secretary Gale Norton.

The Interior Department should keep “all options on the table” when choosing the timing and location of the lease sales to be included in the next five-year Outer Continental Shelf (OCS) leasing program for 2007-2012, five oil and natural gas groups told Interior Secretary Gale Norton.

Cheniere Energy said it has signed an option agreement with Atlantic Marine Inc. for the purchase of an industrial site on Pinto Island in Mobile Bay, AL, where the company is considering building its next liquefied natural gas (LNG) receiving terminal.