Upstream

Columbia Gulf Blasts Tennessee Gas for Anticompetitive Behavior

Tennessee Gas Pipeline is forcing producers upstream of its system to pay extra transportation charges unless they utilize its share of the South Pass 77 pipeline, a 500 MMcf/d system jointly owned with Columbia Gulf but operated by Tennessee, Columbia Gulf said.

August 2, 2004

Columbia Gulf Blasts Tennessee Gas for Anticompetitive Behavior

Tennessee Gas Pipeline is forcing producers upstream of its system to pay extra transportation charges unless they utilize its share of the South Pass 77 pipeline, a 500 MMcf/d system jointly owned with Columbia Gulf but operated by Tennessee, Columbia Gulf said.

July 28, 2004

Transportation Notes

Texas Eastern asked Monday morning that all upstream supplies be shut in following a rupture on a lateral to a power plant near Plaquemine, LA about 20 miles south of Baton Rouge. The lateral is in the East Louisiana zone on the Venice Line between the Whitecastle Compressor Station and New Roads, LA. A spokesman said the pipeline expected to restore service at the rupture site later Monday.

September 16, 2003

Transportation Notes

Sonat reported an unscheduled outage on Logansport Field Line 43 upstream of Logansport Compressor Station in the North Louisiana production area. As a result of the force majeure event, the pipeline said, no nominations from the Logansport Oxy R/S 4 receipt point were being accepted Friday until further notice.

September 15, 2003

ConocoPhillips Expects 2Q Production to Mirror 1Q

ConocoPhillips’ upstream unit, comprised of crude oil, natural gas and natural gas liquids production on a boe/d basis, is expected to be near first quarter levels, the company said last week in an interim second quarter report. While the results benefited from a full quarter’s output from Venezuela facilities and new wells coming online in China, the gains were offset by normal seasonal declines in Alaska, Norway and the United Kingdom.

July 7, 2003

ConocoPhillips Expects 2Q Production to Mirror 1Q

ConocoPhillips’ upstream unit, comprised of crude oil, natural gas and natural gas liquids production on a boe/d basis, is expected to be near first quarter levels, the company said Wednesday in an interim report. While the results benefited from a full quarter’s output from Venezuela facilities and new wells coming online in China, the gains were offset by normal seasonal declines in Alaska, Norway and the United Kingdom.

July 3, 2003

Transportation Notes

Mojave Pipeline (Line 1900) upstream of Daggett Station will not be shut in May 27, according to an El Paso bulletin board posting. However, the Topock Compressor Station will be down to replace station controls May 27-31, during which there will be no deliveries from the El Paso interconnect (DMOJAVE). Transwestern will be able to deliver 160 MMcf/d into Mojave during the outage.

May 23, 2003

Industry Briefs

In a first quarter interim report for 2003, ChevronTexaco Corp. (CVX) reported its U.S. oil and gas production was up 5% over the final quarter of 2002, and said U.S. upstream annual earnings may rise $50 million this year on every $0.10/Mcf rise in natural gas realizations. In the first two months, CVX noted that its gas realizations increased $1.33/Mcf. However, CVX also warned in the interim report that it expects to record a series of changes for the first quarter of between $30 million to $50 million because of asset impairment in its downstream segment globally, as well as charges of between $200 million to $225 million for its “other” segment, which includes Dynegy Inc. CVX still controls 26% of Dynegy’s shares, which have fallen dramatically in the past year. The San Ramon, CA-based major also expects first quarter pension expenses will be about $40 million higher than those in the fourth quarter of 2002, with expenses spread across all segments of the company. The fourth quarter pension expenses were not detailed by CVX, but for all of 2002, they were about $368 million, according to a CVX Form 10-K filed with the Securities and Exchange Commission. Another charge of $200 million to $250 million will be taken as CVX adjusts its accounting system to conform with new financial standards, the company said.

March 31, 2003

ChevronTexaco: U.S. Production Up 5% in First Two Months

In a first quarter interim report for 2003, ChevronTexaco Corp. (CVX) reported its U.S. oil and gas production was up 5% over the final quarter of 2002, and said U.S. upstream annual earnings may rise $50 million this year on every $0.10/Mcf rise in natural gas realizations. In the first two months, CVX noted that its gas realizations increased $1.33/Mcf.

March 28, 2003

Transportation Notes

ANR said the critical outage along its Southwest Mainline just upstream of the New Windsor Compressor Station in Illinois remained in effect Tuesday. Investigation and analysis of Sunday night’s rupture (see Daily GPI, Feb. 4) continue. ANR does not expect the impacted facilities to become operational again until late this week. “Transportation service through this area will be evaluated and scheduled on a daily basis. Availability of secondary and interruptible transportation will depend on Firm Primary nominations,” the pipeline said.

February 5, 2003