Thunder

A major oil and natural gas project expansion in the deepwater Gulf of Mexico (GOM) has ramped up four months ahead of schedule and 15% under budget, BP plc said Thursday.

BP plc said Monday the Thunder Horse South Expansion project in the deepwater Gulf of Mexico has begun operations early, one year ahead of schedule and $150 million under budget, boosting output from the main platform by 50,000 boe/d gross.

CenterPoint Energy Inc.’s Thunder Pipeline Co. LLC is holding a non-binding open season for an expansion to support western Oklahoma production growth for delivery to markets in Oklahoma and downstream interconnects with other intrastate and interstate pipelines, including those in the Bennington, OK, area and CenterPoint Energy Gas Transmission’s Line AD. “We are in a position to deliver incremental supplies to markets and end-users in Oklahoma, and eventually, to the Midwest, Northeast and Southeast from the rapidly developing production areas in western Oklahoma,” said Poe Reed, chief commercial officer of CenterPoint Energy’s pipeline business. The open season ends at 4 p.m. CDT July 14. For information contact Bryan Ginsburg at (713) 207-5166.

KN Energy and Devon Energy signed a letter of intent to formThunder Creek Gas Services and build a new $110 million, 126-milegas gathering system and associated facilities in the Powder RiverBasin of northeast Wyoming. The 24-inch diameter gathering systemwould extend between Gillette and Glenrock, WY, bringing up to 450MMcf/d of new production to connections with multiple downstreampipelines during the first half of 1999.