Town

Northern Natural Gas, which had implemented System Overrun Limitations (SOL) last Friday for all market-area zones and for the New Market, MN, #1 Town Border Station and then extended them through the Saturday-Monday period, said Monday it was extending the SOLs again through at least Tuesday.

Northern Natural Gas issued System Overrun Limitations, effective Friday, for all market-area zones and for the New Market, MN, #1 Town Border Station. No System Management Service will be available, Northern said.

Northern Natural Gas extended System Overrun Limitations (SOL) for all market-area zones and for the New Market, MN, #1 Town Border Station through Friday “due to continued cold temperatures.” Previously the pipeline had scheduled the SOLs only through Thursday (see Daily GPI, Jan. 13).

Oklahoma City-based GMX Resources Inc. Monday followed cross-town independent Chesapeake Energy Corp. in announcing plans to drastically reduce capital expenditures (capex) in 2009. The junior independent, considered a pure-play gas producer that has earned success in the emerging Haynesville Shale and Bossier Sands of Louisiana and East Texas, plans to cut its projected spending by 45%.

What appears to be the second attempt in less than a week to bomb an EnCana Corp. pipeline near the town of Dawson Creek in northeastern British Columbia (BC) was made late last Wednesday or early Thursday. The pipeline was damaged but did not rupture, according to the Royal Canadian Mounted Police (RCMP).

What appears to be the second attempt in less than a week to bomb an EnCana Corp. pipeline near the town of Dawson Creek in northeastern British Columbia (BC) was made late Wednesday or early Thursday. The pipeline was damaged but did not rupture, according to the Royal Canadian Mounted Police (RCMP).

Steve Harvey, head of Energy Market Oversight, part of the Federal Energy Regulatory Commission’s Office of Enforcement, will be moving across town in two weeks to take over as head of the Energy Information Administration’s (EIA) Office of Oil and Gas. Harvey was recruited for FERC by William F. Hederman when Hederman was tasked in 2002 with starting up the enforcement arm to investigate attempts to manipulate the natural gas and electricity markets. As a deputy director of the original Office of Market Oversight and Investigations, Harvey was involved in setting up an extensive market monitoring operation at FERC, collecting and charting a large amount of data on market activity. He has more than 20 years of experience in natural gas, including a stint with the Columbia Energy Group. Harvey said he was “really looking forward to” extending the reach of his activities at EIA, going beyond natural gas to the big ticket item — oil.

Steve Harvey, head of Energy Market Oversight, part of the Federal Energy Regulatory Commission’s Office of Enforcement, will be moving across town in two weeks to take over as head of the Energy Information Administration’s (EIA) Office of Oil and Gas. Harvey was recruited for FERC by William F. Hederman when Hederman was tasked in 2002 with starting up the enforcement arm to investigate attempts to manipulate the natural gas and electricity markets. As a deputy director of the original Office of Market Oversight and Investigations, Harvey was involved in setting up an extensive market monitoring operation at FERC, collecting and charting a large amount of data on market activity. He has more than 20 years of experience in natural gas, including a stint with the Columbia Energy Group. Harvey said he was “really looking forward to” extending the reach of his activities at EIA, going beyond natural gas to the big ticket item, oil.

Calgary-based Petrobank Energy and Resources Ltd. agreed to buy cross-town junior explorer Peerless Energy Inc. in a friendly deal valued at about C$334 million.