Unplanned

Due to unplanned maintenance on the 20-inch diameter Peace River Mainline, NOVA said it was taking all meter stations in the Upper Peace River Mainline Area to zero at noon MST last Friday until further notice. The work is expected to be completed by Dec. 8.

MRT lifted Wednesday the System Protection Warning that was implemented June 1 (see Daily GPI, June 2).

ConocoPhillips expects its 1Q2008 production to be “slightly below” 1.8 million boe/d following an unplanned shutdown at a nonoperated gas processing plant in the San Juan Basin, which was complicated by cold weather. Output in the final quarter of 2007 was 1.84 million boe/d. The Houston-based major issued an interim update ahead of the April 24 scheduled release of quarterly results. The producer noted that in the first three months of this year, the average price of natural gas climbed 19% from the same period a year ago while crude oil prices surged 69%. Henry Hub first-of-month prices in 1Q2008 averaged $8.03/Mcf, compared with $6.77 in 1Q2007. Gas prices in 4Q2007 averaged $6.97/Mcf. Realized domestic refining and marketing margins for 1Q2008 are expected to be “significantly lower” than margins in 4Q2007 because of the absence of a quarterly inventory benefit, higher crude costs relative to benchmarks and lower margins. Conoco said the prices for its “secondary products,” such as fuel oil, natural gas liquids and petroleum coke “did not increase in proportion to the cost of the feedstocks to produce them.” Debt balance for the major was estimated to be about $21.5 billion at the end of March. Stock repurchases in the first three months of this year were estimated at $2.5 billion.

ConocoPhillips expects its 1Q2008 production to be “slightly below” 1.8 million boe/d following an unplanned shutdown at a nonoperated gas processing plant in the San Juan Basin, which was complicated by cold weather. Output in the final quarter of 2007 was 1.84 million boe/d.

Citing “dramatically decreasing temperatures,” Northern Natural Gas declared a System Overrun Limitation for all market-area zones starting Tuesday.

ANR began unplanned engine repairs Wednesday at Joliet (IL) Compressor Station, reducing the total NGPL-Joliet Interconnect capacity to 90,000 Dth/d through Jan. 18. Based on current nominations, it is anticipated that the reduction will result in the curtailment of IT and Firm Secondary nominations.

ANR began unplanned engine repairs Tuesday at Bridgman (MI) Compressor Station in Michigan. The work reduces total St. John west-to-east capacity by 150 MMcf/d (leaving 1,155 MMcf/d available) through Jan. 2. Based on current nominations along the Michigan Legs, ANR said, it is anticipated that the reduction may result in the curtailment of IT and Firm Secondary nominations.

ANR began unplanned engine repairs Tuesday at Sardis Compressor Station in Mississippi that are expected to continue through Friday. The work is reducing total Southeast Mainline capacity by 300 MMcf/d, leaving 1,100 MMcf/d available. Based on current nominations, it is anticipated that the reduction may result in the curtailment of Interruptible and Firm Secondary services, ANR said.

ANR said Tuesday it has completed unplanned engine maintenance at the Sandwich (IL) Compressor Station and lifted associated capacity restrictions (see Daily GPI, Oct. 1).