Williams Pipeline Partners LP has filed with the Securities and Exchange Commission to launch an initial public offering (IPO) in 4Q2007. Formed by Tulsa-based Williams, the initial asset of the new partnership will be a 25% stake in Northwest Pipeline GP, which includes a 3,900 mile bi-directional interstate pipeline system that accesses natural gas supplies in the Rocky Mountains, Canada and the San Juan Basin and serves key markets in the Pacific Northwest. It also includes a working natural gas storage capacity of 12.4 Bcf. Williams will continue to own the remaining 75% interest in Northwest Pipeline and Williams employees will continue to operate it. The IPO expects to offer 13 million common units, representing a 53.6% limited partner interest. Following the IPO, a Williams subsidiary will own the 2% general partner interest, all of the incentive distribution rights and a 44.4% limited partner interest.
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DTE Plans Sale of Developed Barnett Shale Property
To maximize its stake in the Barnett Shale, DTE Energy said last Tuesday it will develop its western Barnett Shale properties itself while offering for sale its more developed acreage and production in the eastern part of the play as part of its restructuring of its nonutility assets.
DTE Plans Sale of Developed Barnett Shale Property
To maximize its stake in the Barnett Shale, DTE Energy said Tuesday it will develop its western Barnett Shale properties itself while offering for sale its more developed acreage and production in the eastern part of the play as part of its restructuring of its nonutility assets.
Abraxas Partnership to Launch IPO for Drilling Expansion
San Antonio-based Abraxas Energy Partners LP said Friday it will launch an initial public offering (IPO) to secure funding for its South and West Texas drilling programs. Timing and financial details were not disclosed.
Direct Energy Enters BC Competitive Gas Market in Green Fashion
Entering British Columbia’s competitive natural gas supplier market, Centrica plc subsidiary Direct Energy said Tuesday that it has begun offering price protection plans for natural gas that are carbon neutral, which is a first in Canada. The company said the move will make it easy for British Columbians to offset greenhouse gas emissions caused by their natural gas consumption.
Bentek to Utilize ICE Index Prices in Hub Flow Analysis
Golden, CO-based Bentek Energy LLC said last week it is now offering IntercontinentalExchange (ICE) daily natural gas and power index prices in its Hub Flow maps and other energy market publications, further explaining the price to energy flow relationship.
Bentek to Utilize ICE Index Prices in Hub Flow Analysis
Golden, CO-based Bentek Energy LLC said Wednesday it is now offering IntercontinentalExchange (ICE) daily natural gas and power index prices in its Hub Flow maps and other energy market publications, further explaining the price to energy flow relationship.
Arcadia Gas Begins Nonbinding Open Season for New LA Storage
Arcadia Gas Storage (AGS) is holding a nonbinding open season through Jan. 18 for salt cavern natural gas storage service in North Louisiana. AGS is offering a total of 15.5 Bcf of working gas storage capacity to be developed in three phases at its existing facility near Arcadia, LA.
Enterprise Offers 4 Bcf of High-Deliverability Storage at Petal
Enterprise Products Partners is holding an open season for storage capacity at its Petal salt dome in Petal, MS. The company is offering 1.65 Bcf of existing working gas capacity, on which the current holder has a right of first refusal, and another 2.35 Bcf of new working gas capacity that will be made available next July as part of an expansion project.
Enterprise Offers 4 Bcf of High-Deliverability Storage at Petal
Enterprise Products Partners is holding an open season for storage capacity at its Petal salt dome in Petal, MS. The company is offering 1.65 Bcf of existing working gas capacity, on which the current holder has a right of first refusal, and another 2.35 Bcf of new working gas capacity that will be made available next July as part of an expansion project.