Dallas Firm To Complete Polymers Terminal Projects
Dallas-based Cadence McShane Corp. was recently selected
to complete several new expansions to Katoen Natie Gulf Coast
Inc.'s Houston Polymers Terminal in La Porte.
The expansion projects included construction on a 3,680-sq.-ft
office facility that was finished in July; a 252,00-sq.-ft.
warehouse that was completed in September; and a 280,300-sq.-ft.
warehouse set to be completed in January.
Expansion will bring the facility's total size to over 1 million
sq. ft., half of which Cadence McShane has completed in the
past two years. On the latest projects, the company used tiltwall
panel and pre-engineered metal building designs.
Klimas Edmundson Group Inc. provided architectural services
for the multi-phased projects.
DFW Energy Firms Eye New LNG Investments
Several Dallas-Fort Worth Metroplex energy companies appear
ready to make major investments in natural gas facilities,
predicting a rise in consumer demand for liquefied natural
gas.
"I not only expect to see (more investment), to a certain
extent we're already seeing it," Mark Baxter, director
of the Maguire Energy Institute at Southern Methodist University,
recently told the Dallas Business Journal. "You can see
people are seriously involved with this, and how the shift
is going from petroleum to natural gas on the industrial side."
At least three billion-dollar ventures are already either
under way or in the planning stages.
ExxonMobil Corp. in Irving is contemplating spending up to
$1 billion for a LNG terminal at Sabine Pass on the Texas-Louisiana
border, and Hunt Oil Co. is considering building a single-train
plant that would process up to 4.5 million tons of LNG per
year.
Marathon Oil Corp., El Paso Corp., Sempra Energy and ChevronTexaco
Corp. are already spending more than $3 billion on LNG depots
to handle additional imports, according to the DBJ.
Baxter said that LNG plants that receive gas from the field
and liquefy it for transport cost between $2.5 billion and
$3.5 billion each. Receipt terminals cost between $300 million
and $700 million, and tankers to transport the gas are somewhere
in the price range of $300 million each.
Exploration is even more costly. According to Tim Dove, executive
vice president and CFO at Irving-based Pioneer Natural Resources
Co., his company has spent $300 million to $400 million on
natural gas exploration over the past three years.
Two Ethanol Plants To Be Constructed In West Texas
Shreveport, La.-based Panhandle Energies LLC recently announced
plans to build two $40 million ethanol plants in the West
Texas towns of Dumas and Sunray.
According to the Dumas Economic Development Corp., each plant
will produce 40 million gallons of ethanol per year, with
the capability to expand to 80 million gallons.
Each facility is expected to employ 36 people, with a $1.3
million payroll initially.
Robert Worley, Dumas EDC executive director, said that the
plants would be the first for ethanol in Texas.
Duke Pylant of Panhandle Energies LLC will move to the Texas
Panhandle to serve as general manager of the plants.
"One of the primary reasons we're going to Texas is the
location of the feedlots," Pylant told the Amarillo Globe-News.
"We have a byproduct - distillers dried grain - that
is primarily fed to the dairy and beef herds. The less you
truck it, the better off you are.
Ground-breaking for the first plant is expected to take place
early next year with completion expected in 2005.
Houston Firm To Begin Offshore Drilling Project
Houston-based BPK Resources Inc. recently announced that
Louisiana Shelf Partners LP, in which BPK owns an approximate
10-percent interest, has signed a drilling contract with Parker
Drilling, utilizing a jack-up rig, to commence drilling on
the exploration project located in Cameron Parish in offshore
Louisiana.
The well - SL 17743 No. 1 - is permitted to a drill depth
of 15,500 ft. The general partner projects the drilling operation
to take approximately 40 days to drill and log to total drill
depth, with an anticipated additional 10 days for completion
of the well.
Louisiana Shelf Partners owns offshore leases in East Cameron
Parish in portions of Block 4, 17, 18 and 22. The partnership's
total acreage position is approximately 5,000 acres. The first
well will be drilled on Block 18, with Blocks 4 and 18 anticipated
to be explored after completion of exploration and development
activity on Block 18.
Jacobs Receives Contract Extension from Huntsman
Houston-based Jacobs Engineering Group Inc. recently announced
that a subsidiary company received a four-year contract extension
from Huntsman Chemical Corp. to provide maintenance services
for eight Huntsman locations in Texas, extending a current
agreement to June 2007.
Jacobs began providing field support services to Huntsman
in January 2000.
Officials estimate the contract value for the extension of
services at $50 million.
Jacobs provides maintenance, packaging, shipping, warehousing
and small capital construction to eight Huntsman facilities
in Odessa, Conroe, Dayton, Austin, Longview and the Port Arthur/Port
Neches complex.
Jacobs supplies an average of over 320 supervisory and craft
employees at those locations.
Huntsman, the Salt Lake City-based largest privately held
chemical produced in the world, produces a wide range of chemicals,
polymers and surfactants, which serve as intermediate feed
products to various production industries.
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