Notable

Once the spin-off of El Paso Corp.’s exploration and production (E&P) business is completed, the yet-to-be-named independent producer will be formidable competition in some of the prolific unconventional natural gas and oil plays in the United States, CEO Doug Foshee said.

With some notable exceptions in the Western Canada/Pacific Northwest area, most points fell Friday because of generally milder weather trends in some regions, the previous day’s 2.3-cent drop by December futures and the usual drop of industrial demand associated with a weekend.

While Denali and TransCanada are the most notable Alaska gasline projects, there’s no clear front-runner at this stage of the game, the federal coordinator for Alaska Natural Gas Transportation Projects said last Monday.

While Denali and TransCanada are the most notable Alaska gasline projects, there’s no clear front-runner at this stage of the game, the federal coordinator for Alaska Natural Gas Transportation Projects said Monday.

Citing customer drafting and receipt point shortfalls, Northwest said it “lost a notable volume from its Jackson Prairie storage account” during Wednesday’s gas day. It also pointed out that Questar’s Clay Basin storage facility is currently shut in and the forecast for the Pacific Northwest called for cooler temperatures into early this week. “In anticipation of the cooler weather and to ensure the preservation of its Jackson Prairie balancing account, Northwest is providing notice that it may declare customer-specific or system entitlements for overruns for receiving parties located north of the Kemmerer Compressor Station,” the pipeline said. “In addition, Northwest will not tolerate any shortfalls from receipt points south of Kemmerer. If necessary, Northwest will cut nominations in all cycles to match any underdeliveries by upstream interconnects.”

FERC took a “notable first step” earlier this month when it issued its long-awaited policy statement on natural gas quality and interchangeability, but the agency still needs to provide the industry with more guidance on key policy issues, a producer coalition told the agency last Wednesday.

FERC took a “notable first step” last week when its issued its long-awaited policy statement on natural gas quality and interchangeability, but the agency still needs to provide the industry with more guidance on key issues, a producer coalition told the agency Wednesday.

President Bush’s State of the Union address Tuesday night was notable more for what it didn’t say on energy policy — it failed to make any reference to domestic oil and natural gas drilling.

Among the more notable sacrifices being made to get KN Energy “out of the ditch” and back down the highway are the decisions by Richard Kinder and William Morgan to work for annual salaries of $1 with no bonuses. They will become the two largest shareholders of the new company once the merger of Kinder Morgan and KN is completed. They also will be the top two executives.