Simultaneous

A simultaneous blend of production capacity and capital dollars, tossed together with significant growth in electric generation, created the perfect “aligning of the planets” to finally make a serious go at building a subsea natural gas pipeline from Nova Scotia to the northeast United States, with a possible end point of New York City, said one of the executives involved in the planning.

The Oil & Gas Asset Clearinghouse sold more than $18.1million of properties as of its Oct. 25th Hybrid auction, whichfeatured simultaneous floor and Internet bidding in Midland, TX.Based in Houston, the company is a wholly owned subsidiary ofPetroleum Place, an Internet portal and marketplace serving theupstream energy industry. The Clearinghouse said it offered 128lots, consisting of more than 800 wells, including 46 higher valuedproperties. Year-to-date, Internet bidders have purchased more than$25 million properties through Selective Offerings, andparticipation on the Internet also is increasing, said the company.