Projected

Colorado revenues from oil and gas drilling this year are projected to be about $342 million, 19% more than last year’s record-setting $287 million, according to the Colorado Department of Local Affairs. And the state is continuing to set records for oil and gas drilling activity, according to statistics compiled by the Colorado Oil and Gas Conservation Commission.

With its linepack projected to bump up against maximum target levels in the next couple of days, Pacific Gas & Electric issued a customer-specific OFO for Thursday.

BP America projected Friday that it could add 2,000 employees to its Houston-based operations on the city’s west side energy corridor, bringing its total number of employees in Houston to 8,000 in a major expansion planned for the next four years. The recent acquisition of more than 50 acres of land adjacent to BP’s Westlake campus solidified a three-phased growth plan, the company said.

BP America projected Friday that it could add 2,000 employees to its Houston-based operations on the city’s west side energy corridor, bringing its total number of employees in Houston to 8,000 in a major expansion planned for the next four years. The recent acquisition of more than 50 acres of land adjacent to BP’s Westlake campus solidified a three-phased growth plan, the company said.

MRT lifted Wednesday the System Protection Warning that had been put into effect Sept. 1.

Soaring power demand records far in excess of what was projected this year in many regions should be a wake up call that a new power market crisis could be developing right under our noses, according to a white paper from Pace Global Energy Services, a Fairfax, VA-based energy services and consulting firm.

Citing current and projected operational conditions, ANR told DDS and MBS customers Wednesday they will no longer be limited to their March 2 storage balances (see Daily GPI, March 6). ANR said it will allow interruptible injections and withdrawals subject to daily operational capacity, but will closely monitor daily DDS/MBS activity and balances throughout the injection season. If interruptible storage balances impact the operations of ANR’s storage fields, the pipeline plans to act as necessary, including ordering the withdrawal of all interruptible storage account balances with 45 days’ notice to customers.

Without actually issuing a Type 6 OFO, Southern Natural Gas said Friday that based on current receipts and projected deliveries, one was “too close to call” for long imbalances Saturday and Sunday. It noted that its tariff “provides that a Type 6 OFO can be implemented on four hours notice or less depending on the situation.”

Maryland LDC Elkton Gas’ latest rate filing, which took effect Feb. 1, will reduce purchased gas costs by 8%, saving average consumers a projected $17 in February.