Looking to add significant West Texas oil and natural gas reserves, Midland, TX-based Clayton Williams Energy Inc. (CWEI) has entered into a $187.8 million all cash merger agreement with Southwest Royalties Inc., a privately owned energy company that is also based in Midland.
Texas
Articles from Texas
Gulf Producers Seek May 1 Approval of Discovery Market Expansion
Three Gulf of Mexico gas producers have called on FERC to approve “as soon as possible” a pipeline expansion proposed by Discovery Gas Transmission LLC and affiliate Discovery Producer Services LLC, which they say will offer greater market access for their supplies.
April 19, 2004
Gulf Producers Seek May 1 Approval of Discovery Market Expansion
Three Gulf of Mexico gas producers have called on FERC to approve “as soon as possible” a pipeline expansion proposed by Discovery Gas Transmission LLC and affiliate, Discovery Producer Services LLC, which they say will offer greater market access for their supplies.
April 19, 2004
Crystal LNG Offshore CA Proposal Seeks Conditional Alaskan Deal
A Texas-based privately financed effort to bring Alaskan gas supplies in the form of liquefied natural gas (LNG) to a converted offshore oil platform off the Southern California coast is pushing for a conditional contract with the Alaska Gasline Port Authority (AGPA), according to William O. Perkins III, president of Houston-based Crystal Energy, LLC, who returned Wednesday from recent discussions with Alaskan officials.
April 8, 2004
Industry Brief
Regency Gas Services LLC said an affiliate has completed a $62 million purchase of West Texas gas gathering, processing and treating assets from Duke Energy Field Services. The facilities, known as the Waha system, consist of more than 600 miles of pipeline, 40,000 horsepower of compression and gas processing and treating capacities of more than 125 MMcf/d. In June, 2003 Regency acquired gas gathering, processing, treating and transmission pipeline assets in Kansas, Oklahoma, and North Louisiana from El Paso Field Services. Dalls-based Regency now has combined assets consisting of 2,900 miles of pipelines, 115,000 horsepower of compression and five gas processing plants with aggregate processing capacity of about 330 MMcf/d. Total gas throughput for the company is now 450 MMcf/d.
March 2, 2004
El Paso to Take $1B Charge on Reserve Revisions
Production shortfalls in South Texas assets and high natural gas prices forced El Paso Corp. to slash its proved oil and gas reserves by 41% following an independent review, which will lead to a fourth quarter pre-tax ceiling test charge of at least $1 billion, the company said Tuesday.
February 18, 2004
El Paso, Tetco and Dominion System Expansions OK’d for Construction
El Paso Natural Gas, Texas Eastern Transmission LP (Tetco) and Dominion Transmission have received FERC clearances to begin construction on pipeline projects in the West and Mid-Atlantic regions.
February 9, 2004
El Paso, Tetco System Expansions OK’d for Construction
El Paso Natural Gas and Texas Eastern Transmission LP (Tetco) have received FERC clearances to begin construction on pipeline projects in the West and Mid-Atlantic regions.
February 3, 2004
Transportation Notes
In an update of restrictions for Friday’s gas day, Texas Eastern had removed one cutting IT-1 deliveries into the M-3 market zone to zero. See the bulletin board for details.
January 16, 2004
Tetco Gets Green Light to Begin Building Expansion in TN, MS
The Federal Energy Regulatory Commission has given Texas Eastern Transmission (Tetco) the go-ahead to begin construction on a portion of its proposed looping and compression expansion of its mainline pipeline system in Tennessee and Mississippi.
January 12, 2004
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