There wasn’t a lot of wheeling and dealing in the upstream oil and gas industry during the second quarter, according to Evaluate Energy.
Articles from Wheeling
State lawmakers in West Virginia plan to meet in Wheeling on Thursday to discuss the impact the oil and gas industry is having on local roadways.
Inergy LP unit Inergy Midstream LLC is holding a nonbinding open season through Feb. 15 for firm wheeling service on a proposed extension of its Tres Palacios gas storage facility pipeline header system.
Sempra Energy filed with FERC Friday to build its Pine Prairie Energy Center, a 24 Bcf capacity high-deliverability, salt dome storage facility near the Henry Hub on a expedited basis to serve “the widely fluctuating demands of new gas-fired electric generating facilities as well as the ‘lumpy’ pattern of gas deliveries from LNG receiving and gasification terminals.”
Wheeling, WV-based Ormet Primary Aluminum Corp. has issued two requests for proposals, seeking up to 553 MW of power supply, up to 6.8 Bcf/year of gas supply and complete utilization of Ormet’s substantial demand-side resources and dynamic scheduling, which provides control area and ancillary services. The RFPs are for service starting Jan. 1, 2005. Proposals are due April 8. Ormet uses 542 MW of around-the-clock power at a 99% annual load factor at its Hannibal, OH, plant. It has the ability to reduce load by as much as 480 MW upon a 15-minute notice and is a self supplying customer not tied to a retail supplier. One of Ormet’s RFPs seeks proposals for all or a portion of its power supply and utilization of its demand-side resources. Demand-side proposals can be combined with or separate from the power supply proposals. The RFP also invites suppliers to submit offers for 6.8 Bcf/year of gas supply for its Burnside alumina plant located south of Baton Rouge, LA. In the second RFP, Ormet is soliciting dynamic scheduling to provide control area and ancillary services. The company said it would consider proposals separate from or in conjunction with the first RFP. For additional details, visit Ormet’s web site at www.ormet.com/rfp.
Wheeling, WV-based Ormet Primary Aluminum Corp., one of the three largest primary aluminum producers in the United States, said Wednesday it has issued two requests for proposals, seeking up to 553 MW of power supply, up to 6.8 Bcf/year of gas supply and complete utilization of Ormet’s substantial demand-side resources and dynamic scheduling, which provides control area and ancillary services. The RFPs are for service starting Jan. 1, 2005. Proposals are due April 8.
There’s no doubt about it, times are tough in the midstream gasbusiness. Depressed NGL prices and unfavorable margins have kept atleast one player from selling its assets while the same factorscaused another to seriously rethink the wisdom of a recentpurchase. Executives and analysts predict a lot more horse tradingof properties as companies look to rationalize assets and buildpositions for better times (hopefully) ahead.