Secured

Kinder Morgan and Sempra Energy said Tuesday that they have secured commitments for the entire 1.8 Bcf/d of proposed firm transportation capacity on the 1,323-mile, $4 billion Rockies Express pipeline project, which would bring Rocky Mountain natural gas east to markets across the Midwest and Northeast.

Cheniere Energy Inc. last Tuesday said it secured an option on a large site at the mouth of the Calcasieu Channel in Cameron Parish, LA, to develop its fourth proposed liquefied natural gas (LNG) terminal along the U.S. Gulf Coast.

Cheniere Energy Inc. on Tuesday said it has secured an option on a large site at the mouth of the Calcasieu Channel in Cameron Parish, LA, to develop its fourth proposed liquefied natural gas (LNG) terminal along the U.S. Gulf Coast.

Cheniere Energy Inc. on Tuesday said it has secured an option on a large site at the mouth of the Calcasieu Channel in Cameron Parish, LA, to develop its fourth proposed liquefied natural gas (LNG) terminal along the U.S. Gulf Coast.

Devon Energy Corp.’s Canadian subsidiary is looking for partners to share the risk in a hunt for natural gas offshore the Mackenzie Delta, a company executive said Thursday. The Oklahoma City-based independent hasn’t explored in the Far North region in more than 15 years, but is ready to become a player there once again.

Contango Oil & Gas Co. announced Thursday that the borrowing base on its existing secured revolving line of credit with Guaranty Bank FSB has been increased from $21.1 million to $27.5 million. The new borrowing base reduces by $670,000 per month beginning Jan. 1, 2003. The other terms of the credit facility remain unchanged.

TECO Energy’s Power Services subsidiary (TPS) has secured a muchstronger foothold in the wholesale generation market by buying astake in two huge gas-fired merchant power plants being developedby Panda Energy International and by announcing plans to build a$1.2 billion, 850 MW unit adjacent to Citgo Petroleum Corp.’s oilrefinery in Lake Charles, LA.

TECO Energy’s Power Services subsidiary (TPS) has secured a muchstronger foothold in the wholesale generation market by buying astake in two huge gas-fired merchant power plants being developedby Panda Energy International. The companies announced a jointventure yesterday on the plants, which will be located in ElDorado, AR, and in Gila Bend, AZ, and will have a combined capacityto produce 4,600 MW of power. They are projected to cost $2.3billion to build. Teco’s equity committment is $960 million.

Calgary-based AEC Oil & Gas secured an anchor land positionin the gas exploration fairway of the Mackenzie Delta in theNorthwest Territories. The lands, which were acquired through aproperty swap with Husky Oil, give the partnership of AEC West Ltd.and Alberta Energy Company Ltd. rights to more than 400,000 netacres.