Primarily

Oneok said Wednesday that it completed its previously announced $175 million purchase of Northern Plains Natural Gas, which owns 82.5% of the general partner interest and 500,000 limited partnership units (representing a 2.73% ownership interest) in Northern Border Partners LP. Oneok will now operate an additional 2,300 miles of regulated interstate gas pipelines with 4.3 Bcf/d of natural gas throughout in the Midwest.

Reacting primarily to the previous day’s meltdown in energy futures, with a side nod to the general lack of substantive weather-related load outside the northern half of the West and to overflowing storage inventories, the cash market was in massive retreat Thursday. Losses exceeded a dollar across the board, with many points falling more than a dollar and a half.

Reacting primarily to the previous day’s meltdown in energy futures, with a side nod to the general lack of substantive weather-related load outside the northern half of the West and to overflowing storage inventories, the cash market was in massive retreat Thursday. Losses exceeded a dollar across the board, with many points falling more than a dollar and a half.

Earnings from subsidiaries and ownership in its master limited partnership sent earnings at Kinder Morgan Inc. (KMI) up 17% during the third quarter compared to 3Q2003. The Houston-based company topped Wall Street estimates by 2 cents/share, with net income of $111.9 million (90 cents/share), compared with $95.6 million (77 cents) in 3Q2003.

U.S. natural gas imports dipped slightly (0.5%) to 3,996 Bcf last year due primarily to fewer volumes coming from Canada, while exports to Mexico rose and liquefied natural gas (LNG) deliveries surged, according a new report released by the Energy Information Administration (EIA) last Tuesday.

U.S. natural gas imports dipped slightly (0.5%) to 3,996 Bcf last year due primarily to fewer volumes coming from Canada, while exports to Mexico rose and liquefied natural gas (LNG) deliveries surged, according a new report released by the Energy Information Administration (EIA) Tuesday.

According to a Lehman Brothers analysis, gas demand hit a 10-year low in 2003 primarily because of the impact of high gas prices on price sensitive end users, such as chemical production companies.

According to a Lehman Brothers analysis, gas demand hit a 10-year low in 2003 primarily because of the impact of high gas prices on price sensitive end users, such as chemical production companies.

Transco said it experienced a 1 Bcf/d production loss from Hurricane Claudette, primarily off of its Central Texas Gathering System, North High Island system and the UTOS interconnect. As a result Transco instituted its Emergency Supply Allocation Process for Tuesday and Wednesday, which will balance all deliveries on the system with the flowing supply available at the corresponding receipt points. Transco said it would not allow make up deliveries nor would it loan shippers gas under its parking and lending service, but it said it would make emergency storage service available to firm shippers on request.