One-third of the 15 natural gas subsea wells served by the new Independence Hub platform in the deepwater Gulf of Mexico (GOM) are flowing at a rate of 210-250 MMcf/d, and in the coming months output from more wells secured to the hub will combine to achieve a 1 Bcf/d capacity goal by the end of the year, energy executives said this week.
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The Commodity Futures Trading Commission (CFTC) filed an application Monday in the U.S. District Court for the District of Columbia, seeking to enforce a subpoena for documents it served on McGraw-Hill Companies, Inc. in December 2006 relating to natural gas price information collected from a specific energy company by McGraw-Hill’s Platts division. The CFTC said it was the fourth time it had subpoenaed documents relating to data from various energy companies and their use in calculating price indices published in Platts’ Inside FERC’s Gas Market Reports. The CFTC is conducting a nonpublic investigation into whether an energy company attempted to manipulate prices to benefit its financial swaps positions. In a previous case where Platts objected that the material was privileged under the First Amendment, a judge overruled the privilege argument, saying the CFTC investigation was similar to a criminal investigation. The judge, however, also said the CFTC’s subpoena was overly broad and he limited the amount and nature of the material to be provided (see Daily GPI, Oct. 5, 2005). The CFTC’s investigations mainly have focused on the 2001-2002 time period.
Atmos, North Texas Cities Spar Over Rate Hike
A coalition of 150 North Texas cities served by Atmos Energy said last week it will request that the Texas Railroad Commission (TRC) reconsider its recent decision allowing Atmos Mid-Tex to increase residential gas rates by $10.6 million.
Atmos, North Texas Cities Spar Over Rate Hike
A coalition of 150 North Texas cities served by Atmos Energy said it will request that the Texas Railroad Commission (TRC) reconsider its decision Thursday allowing Atmos Mid-Tex to increase residential gas rates by $10.6 million.
Dominion Nixes Pipe Project Planned for Mid Atlantic, Northeast
Dominion Transmission, the pipeline subsidiary of Dominion Resources Inc., said it has cancelled plans to build the $497 million Greenbrier Pipeline that would have served the industrial and residential gas needs in the Mid-Atlantic and Southeast regions, primarily Virginia and North Carolina.
El Paso E&P Chief Announces Resignation
Lisa Stewart, who has served as president of El Paso Corp.’s exploration and production (E&P) unit for two and a half years, announced her resignation on Wednesday. Stewart, who will join private equity firm Warburg Pincus later this year, was instrumental in helping turn around the once-ailing E&P unit.
El Paso E&P Chief Announces Resignation
Lisa Stewart, who has served as president of El Paso Corp.’s exploration and production (E&P) unit for two and a half years, announced her resignation on Wednesday. Stewart, who will join private equity firm Warburg Pincus later this year, was instrumental in helping turn around the once-ailing E&P unit.
FERC OKs Northern Natural Storage Upgrades in Iowa, Kansas
FERC on Friday issued a certificate to Northern Natural Gas clearing the way for it to provide a total of 6 Bcf of additional firm delivery service for customers served by its storage fields in Iowa and Kansas.
Aboriginal Groups Head Back to Court Over Mackenzie Pipeline
Canada’s arctic gas project has been served with a frosty reminder that it’s struggle with northern natives still isn’t over. The last aboriginal holdouts against the $7 billion (US$6 billion) Mackenzie Gas Project have taken their case to court for the second time in two years.
Illinois Governor Names Consumer Advocate Group Chief as Chair of ICC
Illinois Gov. Rod Blagojevich has appointed Martin Cohen, who has served as executive director of the state’s Citizens Utility Board (CUB) for the last 12 years, as chairman of the Illinois Commerce Commission (ICC). Cohen will be the first consumer advocate ever to lead the ICC.