has entered into a letter of intent with the producers of the Medusa discovery located in Mississippi Canyon Block 582 in the Gulf of Mexico to install a new natural gas pipeline from the terminus of El Paso Energy Partners' Viosca Knoll Gathering System at South Pass Block 55 to Medusa.
While most of the partnership's offshore natural gas pipelines have resumed operations, the western segment of the Viosca Knoll Gathering System (VKGS) is not in service due to damage caused by the storm.
9 million for the year-ago period, primarily due to higher revenues from gathering and platform operations, including the Allegheny Oil Pipeline and the larger ownership position in the Viosca Knoll Gathering System, partially offset by the temporary effects of the Poseidon damage.
Fourth quarter 1999 results included higher contributions from the Viosca Knoll gathering system and the Allegheny oil pipeline, offset by approximately $1.
VKGC's sole asset is the Viosca Knoll Gathering System, a non- jurisdictional gathering system built in 1994 to serve the Main Pass, Mississippi Canyon and Viosca Knoll areas of the Gulf of Mexico southeast of New Orleans, Louisiana.
9 million, primarily from Leviathan's interest in the High Island Offshore System and the Viosca Knoll Gathering System and (iii) additional revenue attributable to platform access and processing charges of $0.
The increase in operating revenue is a result of (i) an increase in equity earnings attributable to the Partnership's interest in the High Island Offshore System ("HIOS") and the Viosca Knoll Gathering System, partially offset by lower equity earnings from the Partnership's interest in Stingray Pipeline Company ("Stingray") and the U-T Offshore System ("UTOS"), (ii) an increase in transportation services primarily from the Partnership's Ewing Bank and LOGS systems, (iii) an increase in oil and gas sales as a result of the Partnership's initial well at Viosca Knoll Block 817 which began production in December 1995 and (iv) the initiation of service at the Partnership's Viosca Knoll Block 817 platform which was constructed during early 1995 and installed in July 1995.
