Northern Border Partners have entered into a letter ofunderstanding with Enron North America (ENA) to purchase gasgathering facilities in the Powder River and Wind River Basins inWyoming for almost $200 million.
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Producers Pushing to Sustain Deliverability
The CEO of one of the most active drillers in North America —EOG Resources Inc. — said last week that he expects the next “bigslug of supply” will come from Alaska and the Beaufort Sea, but notuntil a pipeline is in place there, and not until producers canfill the pipelines with gas.
Millennium’s Route Change in NY Unpopular
If the new route variation that Millennium Pipeline Co. L.P. hasproposed for its facilities in Westchester, NY, were a Broadwayshow, it probably would open and close on the same night, criticscontend.
Calpine on Buying, Building, Earning Spree
San Jose, CA-based Calpine Corp. continued its buying/buildingspree Tuesday, acquiring 205 Bcf of natural gas reserves in threedifferent North American locations for $206 million, bringing theaggressive merchant electric generating plantdeveloper/owner/operator’s portfolio of total proved serves to 430Bcf. The move followed Monday’s announcement of Second quarterearnings increase of 176%, compared to 2Q of last year, and a new$2.5 billion revolving credit facility with a consortium of banksto pay for Calpine’s large portfolio of power projects in theUnited States
North American Gas Drilling Moving Fast, Furious
Drilling has picked up to a frenzied pace as active natural gasrig numbers continue to skyrocket in the United States and Canada.Rotary rigs drilling int he United States soared by 20 last week toa new record of 736 active gas drilling rigs, according to BakerHughes’ Rig Count report. Currently there are 235 more domesticrigs actively drilling than at the same time last year.
North America’s Active Rig Levels Rise
Drilling has picked up to a frenzied pace as active natural gasrig numbers continue to skyrocket in the United States and Canada.Rotary rigs drilling int he United States soared by 20 last week toa new record of 736 active gas drilling rigs, according to BakerHughes’ Rig Count report. Currently there are 235 more domesticrigs actively drilling than at the same time last year.
Search for Gas on Northeastern Frontier Picks Up Speed
The northern frontier on the eastern side of the continent isstepping up work on adding new supplies to the North Americannatural-gas market, along with promoters of a development andpipeline revival in Alaska and the Northwest Territories.
FERC, NERC Cooperation On Reliability Sought
FERC Chairman James Hoecker extended an olive branch to theboard of trustees of the North American Electric ReliabilityCouncil (NERC) during a recent visit to Canada, urging the counciland the Commission to work more cooperatively toward a common goal— ensuring the reliability of the bulk electric market.
Search for Gas on Northeastern Frontier Picks Up Speed
The northern frontier on the eastern side of the continent isstepping up work on adding new supplies to the North Americannatural-gas market, along with promoters of a development andpipeline revival in Alaska and the Northwest Territories.
Hoecker Urges Better FERC, NERC Cooperation
FERC Chairman James Hoecker extended an olive branch to theboard of trustees of the North American Electric ReliabilityCouncil (NERC) last week, urging it and the Commission to work morecooperatively toward a common goal – ensuring the reliability ofthe bulk electric market.