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Vintage Petroleum, Inc. (VPI) Message Board

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  • tie_dyed_tycoon tie_dyed_tycoon Jun 9, 2003 11:56 AM Flag

    VPI's ng expansion?

    Yes, the Distrigas facility has been in Everett for over 20 years and it has been re-built with tremendous new capacity. There is also a lot more acreage available to increase the capacity more. The availability of cheep landfill due to the big dig and the move of the T orange line car barns to Malden have made this posible. There is also a new Ngas pipe through Boston Harbor leading to the south shore plants. It links the Dracut hub with this growing population. I believe the Saudi projects weren't accepted for Political reasons and that they involved companies the Saudi's didn't want to return to their country. The Yemen exploration, you should realize, is the only serious opportunity for Vintage to come up with much larger reserves without paying through the nose for them.

 

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