Table

A Massachusetts state lawmaker recently laid on the table a number of safety related concerns that he believes should give FERC pause as it considers the proposed Weaver’s Cove LNG terminal near Fall River, MA [CP04-36].

A Massachusetts state lawmaker recently laid on the table a number of safety related concerns that he believes should give FERC pause as it considers the proposed Weaver’s Cove LNG terminal near Fall River, MA [CP04-36].

Plains Resources Inc. said last Monday it entered into an amendment of a merger proposal by Vulcan Energy Corp. and two top company officials that boosted the takeover offer by 50 cents per share.

Plains Resources Inc. said Monday it has entered into an amendment of a merger proposal by Vulcan Energy Corp. and two top company officials that boosts the offer by 50 cents per share.

Royal Dutch/Shell Group has an offer on the table to buy Anadarko Petroleum Corp. for $19.5 billion, according to London’s Sunday Times. Both Shell and Anadarko officials could not be reached for comment, but Anadarko apparently hired Credit Suisse First Boston to negotiate with potential buyers over the summer.

Gastar Exploration Ltd. is selling its interest in the Culp Draw and Table Mountain areas of the Powder River Basin for $2.4 million in cash from an undisclosed buyer. Gastar, headquartered in Mount Pleasant, MI, owns about 3,033 acres in the leases, and said it would retain a small overriding royalty interest. The sale is expected to close in about 45 days. “Along with the funds from our previously announced Powder River Basin joint venture, this transaction makes additional funds available for our planned activities, including our projects in the Deep Bossier Sands play in East Texas, the deep Trenton-Black River and Devonian Shale plays in West Virginia and our Australian coalbed methane (CBM) plays in New South Wales and Victoria,” said Russell Porter, Gastar’s COO. Gastar’s CBM activities are conducted within Wyoming’s Powder River Basin, and it also owns prospective acreage in East Texas, the Black River play of Appalachia and the East Lost Hills field within the San Joaquin Basin. TransTexas Gas Corp. filed its second Chapter 11 banktruptcy reorganization plan in four years last Friday. The company and its wholly owned subsidiaries, Galveston Bay Processing Corp. and Galveston Bay Pipeline Co., had filed voluntary petitions for relief last November and on May 1 filed their joint plans of reorganization in the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division. From April 19, 1999 through March 17, 2000, the company also operated as a debtor-in-possession under Chapter 11 and emerged from bankruptcy on Jan. 31 (see Daily GPI, March 20). TransTexas is engaged in the exploration, production and transmission of natural gas and oil, primarily in South Texas, including the Eagle Bay field in Galveston Bay and the Southwest Bonus field in Wharton County.

FERC was dealing out pipeline certificates like cards at a Black Jack table last Wednesday at its regular agenda meeting. Recipients included the Georgia Strait Crossing pipeline, Northwest Pipeline for a mainline expansion, Southern Natural for its South System II expansion, South Carolina Pipeline for a new line to the Elba Island LNG terminal, Millennium Pipeline (see separate story), two projects designed to serve Long Island (see separate story), and to Northern Natural Gas for compression expansion in Nebraska. Kinder Morgan Texas also won a presidential permit for a border crossing project.

FERC was dealing out pipeline certificates like cards at a Black Jack table on Wednesday at its regular agenda meeting. Recipients included the Georgia Strait Crossing pipeline, Northwest Pipeline for a mainline expansion, Southern Natural for its South System II expansion, South Carolina Pipeline for a new line to the Elba Island LNG terminal, Millennium Pipeline (see separate story) and two projects designed to serve Long Island (see separate story). Kinder Morgan Texas also won a presidential permit for a border crossing project.

Dominion, which already had some trading appetizers on the table, is taking a bigger bite of the dotcom marketplace, announcing last week that its Dominion Energy Clearinghouse will offer a one-stop shop customized for its wholesale customers to price and buy energy commodities.