Upstream

Sonat said Monday it had completed temporary repairs to its Logansport, LA facilities. Gas flow was resumed for 59 upstream receipt points in the Logansport and Joaquin Fields that had been shut in by the work Saturday (see Daily GPI, April 23). Further evaluation is being done to develop a permanent repair plan, Sonat said.

Because of production receipts upstream of its Logansport (LA)facilities continuing to exceed capacity, Sonat issued a Type 5 OFOthat took effect Saturday. Volumes delivered into the system thatexceed 104% of scheduled quantities will be penalized $15/Dth. TheOFO affects 25 Logansport Field points and 24 Joaquin Field points.

Union Gas Storage & Transportation Services is holding anopen season on long-term firm transportation for upstream,downstream and bundled options through Sept. 1. With the openseason results, Union Gas plans to request an expansion of itsoperations to the Ontario Energy Board later this year. All bidsand/or requests for services have to be received by 5 p.m. Sept. 1.Contact Scott Hubert at (519) 358-4012 for information.

After spending more than C$60 million (US$41 million) and threeyears of preliminary work, the sponsors of the upstream portion ofthe Millennium Pipeline Project have decided to put the regulatoryreview process in Canada on indefinite hold.

After spending more than C$60 million (US$41 million) and threeyears of preliminary work, the sponsors of the upstream portion ofthe Millennium Pipeline Project have decided to put the regulatoryreview process in Canada on indefinite hold.

San Jose, CA-based independent power producer Calpine Corp. madea major investment in upstream gas supply for its current andfuture gas-fired power plants in California. The company bought 90Bcf of proven gas reserves in the Sacramento Basin from VintagePetroleum for $71.5 million. The transaction will make Calpine thelargest gas producer in the basin, raising its production to 43MMcf/d. The Vintage reserves currently produce 14.3 MMcf/d.

San Jose, CA-based independent power producer Calpine Corp. madea major investment in upstream gas supply for its current andfuture gas-fired power plants in California yesterday. The companybought 90 Bcf of proven gas reserves in the Sacramento Basin fromVintage Petroleum for $71.5 million. The transaction will makeCalpine the largest gas producer in the basin, raising itsproduction to 43 MMcf/d. The Vintage reserves currently produce14.3 MMcf/d.

Fanning the flames of the convergence-consolidation bonfire,Dominion Resources (DRI) last week announced two plannedacquisitions that would add both wellheads and burner tips, not tomention assets in between.

After enumerating eight features any “win-win” upstream dealneeds to have, Exxon Exploration Co. President Jon L. Thompson toldattendees at the Cambridge Energy Research Associates executiveconference in Houston Tuesday that his company will be walking awayfrom “bad deals.