With two more months of breathing room to work out a deal,Southern California Gas Co. has substantially modified its originalrestructuring proposal for the resumption of settlementnegotiations this week in Los Angeles. With SoCalGas leading theway, representatives of 75 interested parties are attempting tohammer out a consensus on how further unbundling is shaped forCalifornia’s natural gas industry.
Articles from Original
The Texas Railroad Commission (TRC) issued 611 original drillingpermits last month, down sharply from 979 issued in March of 1998.The total number of drilling permits issued for the year to date isalso down sharply. The TRC has issued 1,728 permits so far thisyear, down more than 1,200 from the 2,946 permits issued over thesame period of 1998.
CMS Energy Corp. changed the name of its oil and gas explorationand production business to CMS Oil and Gas Co. “Last year we movedto our headquarters in Houston, TX, and the original focus of ourbusiness has broadened from its origins in northern Michigan toinclude exploration and production projects around the world,” saidBradley W. Fischer, CEO of CMS Oil and Gas Co., formerly known asCMS NOMECO Oil & Gas Co.
Great Lakes Gas Transmission filed a large but downsized versionof its original 1999-2000 expansion project with FERC last Fridayon behalf of a single shipper, TransCanada PipeLines. The projectis expected to cost $620 million and begin operating in November2000. The Great Lakes 300 Expansion will involve the addition of260 miles of 36-inch diameter pipeline loops, including a newunderwater crossing of the Straits of Mackinac, and seven newcompressors adding 180,000 hp of compression. Great Lakes’ systemcurrently transports about 2 Bcf/d of Canadian gas from Emerson,MB, through Minnesota, Wisconsin and Michigan.