Targets

More than 27,000 Texas royalty owners were granted class actionstatus in a suit against Ft. Worth-based Union Pacific ResourcesGroup Inc. Other defendants include UPR affiliates Union PacificResources Co., Union Pacific Fuels Inc., Union Pacific Oil and GasCo., and Union Pacific Austin Chalk Co.

Shippers dabbling in the released capacity market have a newtool in the form of an Internet-based service that will alert themwhen capacity they are interested in becomes available.CapacityCenter.com this week launched a Web site that gives the gasindustry access to a database of current and historical informationfrom the released capacity market. CapacityCenter.com utilizes adatabase of gas capacity information compiled over the past fiveyears by Skipping Stone subsidiary TransCapacity.

Shippers dabbling in the released capacity market have a newtool in the form of an Internet-based service that will alert themwhen capacity they are interested in becomes available.CapacityCenter.com this week launched a Web site that gives the gasindustry access to a database of current and historical informationfrom the released capacity market. CapacityCenter.com utilizes adatabase of gas capacity information compiled over the past fiveyears by Skipping Stone subsidiary TransCapacity.

Growing power generation and LDC demand for gas have promptedPeoples Energy and The Coastal Corp. to team up to develop a130-mile gas pipeline from Indiana to Wisconsin. The pipe, aimed atincremental growth markets, is intended to serve electric powerplants and local utility growth markets in northern Illinois,northwestern Indiana and Wisconsin beginning in late 2001. Initialcapacity will be 1.4 Bcf/d. According to the North AmericanElectric Reliability Council, the region will need more than 8,200megawatts of additional generating capacity by 2005.

Prairielands Energy Marketing Inc., a Bismarck, ND-basedsubsidiary of MDU Resources Group, and Preston Reynolds & Co.,based in Denver, formed Sage Gas Alliance LLC to focus onmarketing gas supplies originating in the Rockies region,principally within the Powder River Basin of Wyoming where PR&Cis a significant producer and developer of coalbed methane gas.

ANR Pipeline proposes to establish two new transportationservices to meet the hourly natural gas demands of powergenerators, primarily in the Midwest market.

ANR Pipeline proposes to establish two new transportationservices to meet the hourly natural gas demands of powergenerators, primarily in the Midwest market.

Columbia Natural Resources Canada (CNRC) has joined with twosmall Canadian producers to prove that all the natural gas actionin eastern Canada is not offshore.

Williams’ Transcontinental Gas Pipe Line subsidiary filed anapplication with FERC last week for its SouthCoast expansionproject, which would add 204,099 Dth/d of firm transportationcapacity to serve new markets in Georgia and Alabama.