Optimization

Plains All American Pipeline LP (PAA) is buying three crude oil rail terminals in the Eagle Ford, Bakken and Niobrara producing regions, as well as various contractual arrangements, from U.S. Development Group (USD) for $500 million.

Under a state regulatory process established a little more than a year ago for hydraulic fracturing (fracking), Wyoming has determined that trade secret compounds involving 146 separate chemicals, but not the chemicals themselves, have been granted confidentiality by the state Oil and Gas Conservation Commission (OGCC).

Sequent Energy Management, the wholesale marketing and asset optimization arm of AGL Resources Inc., has signed a one-year agreement to manage Chesapeake Utilities Corp.’s upstream transportation and storage entitlements and serve as the utility’s primary supplier. Chesapeake utilities uses about 5.5 Bcf/year.

Duke Energy of Houston is growing its Canadian presence througha gas marketing and asset optimization deal with Calgary-basedCanadian 88 Energy Corp. Duke is making a strategic investment inthe producer and will have an alliance to market gas production andoptimize gathering lines and about a dozen processing plants.Initially, Duke will be marketing about 100 MMcf/d of Canadian 88production.

DukeSolutions, the energy services subsidiary of Duke Energy,was awarded as contract by the Veterans Integrated Services Network6 (VISN-6) to provide energy efficiency products and services ateight Veterans Affairs Medical Centers in Virginia, West Virginiaand North Carolina.

DukeSolutions, the energy services subsidiary of Duke Energy,was awarded as contract by the Veterans Integrated Services Network6 (VISN-6) to provide energy efficiency products and services ateight Veterans Affairs Medical Centers in Virginia, West Virginiaand North Carolina.

Significantly increasing its presence in the Northeast, SempraEnergy’s marketing arm, Sempra Energy Trading, agreed Thursday tomanage the supply and delivery of gas to serve Southern ConnecticutGas Co.’s 158,000 customers. Terms of the one-year agreement werenot disclosed. Sempra will begin April 1.

Yankee Gas Services Co. the local distribution arm of YankeeEnergy System Inc., has reached an agreement for TransCanada GasServices Inc. (TCGS) to supply gas, pipeline capacity and storageoptimization for three years. Yankee Gas is the largest LDC inConnecticut, delivering more than 50 Bcf of gas annually to 68communities and 183,000 customers.