Struck

GreatPoint Energy Inc. and Dow Chemical Co. have struck a deal giving Dow the option to purchase natural gas from future GreatPoint facilities that would produce gas from coal through a catalytic process called hydromethanation.

British Columbia (BC), First Nations and the natural gas industry have struck an agreement to allow First Nations participation in a gas pipeline being developed to serve a proposed liquefied natural gas (LNG) liquefaction and export terminal near Kitimat, BC.

British Columbia (BC), First Nations and the natural gas industry have struck an agreement to allow First Nations participation in a gas pipeline being developed to serve a proposed liquefied natural gas (LNG) liquefaction and export terminal near Kitimat, BC.

Southern Union Co. and hedge fund Sandell Asset Management Corp. last week struck an agreement that tables the sale of local distribution company (LDC) assets by Southern Union as well as the formation of a master limited partnership (MLP). Sandell, through affiliates, owns 8.6% of Southern Union and had been pressuring the company to bolster shareholder returns since late 2006.

Parallel Petroleum, which holds a 35% stake in 34,500 acres of the Barnett Shale, has struck a deal that allows its leasehold partner, Chesapeake Energy Corp., to take care of all of the drilling and development commitments in the play through 2016.

Parallel Petroleum, which holds a 35% stake in 34,500 acres of the Barnett Shale, has struck a deal that allows its leasehold partner, Chesapeake Energy Corp., to take care of all of the drilling and development commitments in the play through 2016.

Southern Union Co. subsidiary SUG Energy LLC and Enterprise Products Operating LLC, an affiliate of Enterprise Products Partners LP, struck a 10-year natural gas liquids (NGL) fractionation agreement that provides Southern Union with up to 38,000 b/d of firm fractionation capacity at Enterprise’s Mont Belvieu facility in southeast Texas beginning Jan. 1, 2010. “In light of growing NGL volumes from the Rockies and Midcontinent, which could impact the future availability of fractionation capacity, we felt it prudent to secure long-term, reliable capacity for our NGL volumes produced in the Permian Basin,” said Roger A. Farrell, Southern Union senior vice president for midstream operations. “Enterprise is well positioned, with both existing and planned infrastructure, to provide flexible, reliable and cost-effective fractionation services for our product.” Enterprise’s Mont Belvieu facility has capacity of 225,000 b/d and 100 million bbl of liquids storage capacity.

The U.S. Supreme Court last Monday let stand a federal appeals court ruling that struck down a Baltimore County, MD zoning ordinance banning construction of the AES Sparrows Point liquefied natural gas (LNG) terminal near the city of Baltimore.

The U.S. Supreme Court Monday let stand a federal appeals court ruling that struck down a Baltimore County, MD zoning ordinance banning construction of the AES Sparrows Point liquefied natural gas (LNG) terminal near the city of Baltimore.