Washington Group International has been awarded a turnkeyproject valued at more than $200 million to expand Louisiana Land& Exploration’s Lost Cabin Gas Plant facility in centralWyoming. The project will more than double the existing capacity ofthe plant. The new plant will be capable of processing 180 MMcf/dof gas, removing hydrogen sulfide, carbon dioxide, elementalsulfur, and other impurities. LL&E is a wholly owned subsidiaryof Burlington Resources. “LL&E has had great success over thepast several years with this plant and the associated well drillingprogram,” said Washington Petroleum & Chemicals President BobWiesel. “The combination of growing demand, efficient operation,and reservoir volumes is creating the need for the plant to beexpanded again. We designed and built the original Train 1 and theTrain 2 expansion. We take it as a great sign of confidence thatLL&E has chosen us again for the larger Train 3 expansion.” Theraw gas to be processed in the plant comes from wells in the deepMadison Formation in the Madden field in central Wyoming.
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Articles from Million
Private Power Growing Fast in Mexico
InterGen and AEP Resources financially closed a deal on the 600MW natural gas-fired Bajio power plant. The $435 million plant isunder construction in the state of Guanajuato, 160 miles fromMexico City.
TXU Inks Services Pact with Real Estate Firm
TXU Energy Services has won a five-year $500 million deal toprovide energy services to 85 of Crescent Real Estate commercialoffices nationwide. Cresent is one of the country’s largest realestate investment trusts.
Industry Brief
Denver’s Tom Brown Inc. paid $16.2 million for an estimated 22Bcf of gas equivalent in reserves, with current net dailyproduction of 8 MMcf of equivalent gas in the Rocky Mountainregion’s Pavillion field. The transaction by the independent energycompany increases its working interest in the Pavillion to 90%, upfrom a previous 50% interest.
Kinder Selling Gathering to MDU
Houston-based Kinder Morgan Inc. has agreed to sell three naturalgas gathering systems for nearly $21 million to WBI Holdings Inc., thenatural gas pipeline unit of MDU Resources Group Inc. The gatheringsystems in Montana, Colorado, Kansas and Nebraska include operationsthat were discontinued for divestiture last September as part ofKinder’s “back to basics” restructuring program (see NGI, Sept. 20, 1999).
Kinder Selling Gathering Systems to MDU
Houston-based Kinder Morgan Inc. yesterday agreed to sell threenatural gas gathering systems for nearly $21 million to WBI HoldingsInc., the natural gas pipeline unit of MDU Resources Group Inc. Thegathering systems in Montana, Colorado, Kansas and Nebraska, includeoperations that were discontinued for divestiture last September aspart of Kinder’s “back to basics” restructuring program (see DailyGPI, Sept. 16, 1999).
DOT Imposes Record Fine on Olympic Pipe Line
The Department of Transportation (DOT) announced last week thatit was seeking a $3.05 million civil penalty — the largest everproposed for a pipeline operator — against a petroleum productspipeline for an explosion that killed three last June. While thepenalty was huge, some speculated that Olympic Pipe Line’s woeswere far from over.
PPL Plans Five Eastern PA Peaking Plants
PPL Corp. announced that its development subsidiary will bespending between $400 and $450 million to install five compact,natural gas-fired generation facilities in eastern Pennsylvaniatotaling about 900 MW of generating capacity. The five facilitiesin Lancaster and Montgomery Counties are expected to go on-line bythe summer of 2002.
GreenMountain Teams Up With BP Amoco, Lycos
“Clean” energy retail marketer GreenMountain.com cleaned houselast week, attracting a $100 million investment from BP Amoco andothers, striking a marketing and energy supply alliance with BPAmoco and forming a marketing arrangement with Web powerhouseLycos.
GreenMountain Teams Up with BP Amoco, Lycos
“Clean” energy retail marketer GreenMountain.com cleaned houseyesterday, attracting a $100 million investment from BP Amoco andothers, striking a marketing and energy supply alliance with BPAmoco and forming a marketing arrangement with Web powerhouseLycos.
