Rocky

Centerpoint Energy Gas Transmission (CEGT) has filed for a 112,900 Dth/d compression expansion of its Line AD in Oklahoma to increase west-to-east capacity for gas coming out of the Rocky Mountains.

Bill Barrett Corp., an independent oil and natural gas exploration company set up by the founders of one of the most successful Rocky Mountain explorers, on Wednesday set a planned initial public offering (IPO) at 12 million shares for an estimated price of $20-23/share.

Plains Exploration & Production Co. said Thursday it is selling some non-core properties on and offshore California, as well as nearly all of its assets in South Texas and New Mexico to reduce its unit cost structure. The transactions, which represent about 11% of the company’s production volumes but 20% of total cash production expenses, are expected to close by the end of this year.

Plains Exploration & Production Co. said Thursday it is selling some non-core properties on and offshore California, as well as nearly all of its assets in South Texas and New Mexico to reduce its unit cost structure. The transactions, which represent about 11% of the company’s production volumes but 20% of total cash production expenses, are expected to close by the end of this year.

Newfield Exploration Co. has established a new Rocky Mountain focus with the completion of its $574 million acquisition of Inland Resources, a privately held Denver-based producer. The transaction gives Newfield an internally estimated 326 Bcfe of proved reserves and 439 Bcfe of probable reserves.

El Paso’s latest internal production forecasts point to a need for an additional 2 Bcf/d of pipeline capacity from the Rocky Mountain production areas to markets by 2010, an executive for El Paso Western Pipelines told a Denver audience last Wednesday.

Wyoming once again can lay claim to the title of largest natural gas producer in the Rocky Mountains after setting a new production record in 2003. The state’s gas output exceeded 1.85 Tcf last year, up 4.3% over the 1.76 Tcf set a year earlier, propelled by the growing number of coalbed methane (CBM) wells.

El Paso’s latest internal production forecasts point to a need for an additional 2 Bcf/d of pipeline capacity from the Rocky Mountain production areas to markets by 2010, an executive for El Paso Western Pipelines told a Denver audience last Wednesday.

Wyoming once again can lay claim to the title of largest natural gas producer in the Rocky Mountains after setting a new production record in 2003. The state’s gas output exceeded 1.85 Tcf last year, up 4.3% over the 1.76 Tcf set a year earlier, propelled by the growing number of coalbed methane (CBM) wells.