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Dominion on Monday announced the sale of nearly all of its U.S. onshore exploration and production (E&P) properties in a two-way deal that will send its Permian Basin, Antrim Shale and Black Warrior Basin operations to Loews Corp. for $4.025 billion and its Rocky Mountain, Gulf Coast, San Juan Basin and South Louisiana assets to XTO Energy for $2.5 billion. Together, the operations held 3.51 Tcfe of proved reserves at year-end 2006.

In separate filings Wednesday, the American Gas Association (AGA) and the American Public Gas Association (APGA) buttressed each other’s comments and said they generally support — with a few qualifiers — the proposed rulemaking by FERC to revise the transparency regulations for wholesale natural gas transporters and sellers (see Daily GPI, April 20).

Dominion last week sold nearly all of its U.S. onshore exploration and production (E&P) properties in a two-way deal that will send its Permian Basin, Antrim Shale and Black Warrior Basin operations to Loews Corp. for $4.025 billion and its Rocky Mountain, Gulf Coast, San Juan Basin and South Louisiana assets to XTO Energy for $2.5 billion. Together, the operations held 3.51 Tcfe of proved reserves at year-end 2006.

Southern California Gas issued a high-linepack OFO for Saturday but didn’t send the OFO announcement until that morning. The order, with a 10% tolerance for positive daily imbalances, was kept in place through Sunday before being allowed to lapse Monday.

Three of the top U.S.-based integrated producers last week warned that lower commodity prices and production downtime will send their oil and natural gas output down sequentially from the final three months of 2006.

Arcadia Gas Storage (AGS) is holding a nonbinding open season through Jan. 18 for salt cavern natural gas storage service in North Louisiana. AGS is offering a total of 15.5 Bcf of working gas storage capacity to be developed in three phases at its existing facility near Arcadia, LA.

Management consultant R.W. Beck, which said in July that “high oil prices, hot summer weather and hurricanes” could send natural gas spot prices up rapidly this month, noted in a new report that those conditions “have come to fruition.” Beck’s 2005 calendar year price forecast remains unchanged, at $6.40/MMBtu, but its chief forecaster warned that continued adverse conditions, especially a hurricane threat during Bidweek, could cause prices to go as high as $12 in September.

Increased pipeline volumes and storage demand pushed Kinder Morgan Inc. (KMI) and its energy partnership, Kinder Morgan Energy Partners LP (KMP), to record full-year 2004 and 4Q2004 earnings, the company said last week.

Increased pipeline volumes and storage demand pushed Kinder Morgan Inc. (KMI) and its energy partnership, Kinder Morgan Energy Partners LP (KMP), to record full-year 2004 and 4Q2004 earnings on Tuesday.