Louisiana

The chairman and CEO of Houston-based Cabot Oil & Gas Corp.yesterday said his company had added “credibility to our southLouisiana exploration effort” by successfully completing its firstoperated exploration well on the Continental Land & Fur(CL&F) acreage in Terrebonne Parish, LA. Ray Seegmiller praisedthe success of the well, located on Cabot’s Augen prospect. TheCL&F No. 58-2 well drilled to a total depth of 13,100 feet andcompleted in 63 net feet of Bourg Sand. “We knew when we started2000 our drilling program in the Gulf Coast had significantpotential as evidenced by this most recent discovery,” Seegmillersaid.

Independent producer Forcenergy Inc. of Miami said itsbankruptcy reorganization plan was approved Oct. 22 by the UnitedStates Bankruptcy Court for the Eastern District of Louisiana. Aconfirmation hearing is scheduled for Dec. 13. On Nov. 16 thebankruptcy court extended the time period for which only thecompany has the exclusive right to file a plan of reorganization.No other plan has been submitted or can be submitted during thecompany’s exclusivity period.

Forcenergy Inc. of Miami said its bankruptcy reorganization planwas approved Oct. 22 by the United States Bankruptcy Court for theEastern District of Louisiana. A confirmation hearing is scheduledfor Dec. 13. On Nov. 16 the bankruptcy court extended the timeperiod for which only the company has the exclusive right to file aplan of reorganization. No other plan has been submitted or can besubmitted during the company’s exclusivity period.

Florida Gas Transmission reported completing a maintenance projecton its East White Lake Lateral in southwestern Louisiana well ahead ofschedule and said volumes will be restored to 450,000 MMBtu/d on thelateral’s south end and to 150,000 MMBtu/d on the north end effectivewith the Nov. 24 gas day. The work originally had been expected tolast through Dec. 10 (see Daily GPI, Oct. 19).

Southern Energy Inc., a unit of Southern Company named David T.Gallaspy CEO of its Southern Energy Texas/Louisiana division,managing power generation operations in Texas and directingbusiness development activities in the region. He also will remaina vice president of Southern Energy.

Transco alerted shippers that some production possibly could beinterrupted today on the Southeast Louisiana Lateral. The U.S. ArmyCorps of Engineers is expected to take about eight hours tocomplete matting of the western bank of the Mississippi River.Transco said it will make every operational effort to keep thiswork from impacting production, but curtailments are possible ifunforeseen events lengthen the operation.

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Dynegy has announced plans to construct a 155 MW naturalgas-fired power generation facility, the Calcasieu GenerationProject, near Lake Charles, LA. Power generated at thesimple-cycle peaking facility will be sold in the wholesale powermarket starting in the second quarter of 2000.The plant will belocated on the site of a recently constructed natural gas liquidsfractionation facility operated by subsidiary Dynegy MidstreamServices Ltd. Partnership. The power will enter the grid through a230 kilovolt Entergy Services transmission line interconnect.

Tennessee said Monday rehab work on the Sun Lateral in westernLouisiana will be completed ahead of schedule and it will resumetaking nominations at all Sun meters for Wednesday’s gas day. Thepipeline had earlier projected that the project would extend untilJuly 9 (see Daily GPI, June 22).