23428 Federal Register / Vol. 63, No. 82 /Wednesday, April 29, 1998 / Notices

1The Commission’s regulations governing

adjustment petitions are set forth in Subpart K of

the Commission’s Rules of Practice and Procedure

[18 CFR 385.1101–385.1117].

DEPARTMENT OF ENERGY

Federal Energy Regulatory

Commission

[Docket No. SA98–80–000]

Hummon Corporation; Notice of

Petition for Adjustment

April 23, 1998.

Take notice that on April 3, 1998,

Hummon Corporation (Hummon) filed a

petition, pursuant to section 502(c) of

the Natural Gas Policy Act of 1978

(NGPA) [15 U.S.C. § 3412(c)] and

Subpart K of the Commission’s Rules of

Practice and Procedure, on behalf of

certain working interest owners for

whom Hummon operated. Therein,

Hummon seeks an adjustment relieving

those working interest owners of their

obligation to make Kansas ad valorem

tax refunds to Northern Natural Gas

Company (Northern) and/or Panhandle

Eastern Pipe Line Company

(Panhandle), on the basis that the

working interest owners’ financial status

cannot absorb the payment of the

refunds claimed, over the next five

years. Hummon bases its financial status

claim on a statement reflecting the

projected net profit for Hummon and its

working interest owners over the next

five years (Statement 1), and on a

statement of the net income from the

subject wells over the past two years

(Statement 2). Hummon’s petition is on

file with the Commission and open to

public inspection.

Hummon indicates that Panhandle is

claiming a $11,440.19 total refund with

respect to the Perry Lease. Hummon’s

Statement 1 and Statement 2 data for the

Perry Lease are shown below. Hummon

bases its 5-year projections on a $14 oil

price and $1.85 gas price.

Perry lease

Actual ........................ 1996 $2,793

1997 (3,619)

Projected ................... 1998 310

1999 (1.090)

2000 (2,280)

2001 (3,288)

2002 (5,156)

............ 1 (11,504)

1 Hummon’s petition erroneously calculates

the net loss to be $10,504.

Hummon indicates that Northern is

claiming a total refund of $80,923.52

with respect to multiple leases.

Hummon identifies the following leases,

and provides the lease status and the

refunds generated by each lease:

Combrink Lease ......................................................................... Plugged in 1994 ......................................................................... $1,272.24

Hazen Lease ............................................................................... Plugged June 20, 1983 ............................................................... 1.321.78

Hibbert Lease ............................................................................. Plugged December 1985 ............................................................ 2,250.54

Harper Ranch #1 GU ................................................................. Second well drilled in 1995 ..................................................... 16,317.79

Harper Ranch #2 GU ................................................................. Evaluating well for plugging .................................................... 2,423.67

McMinimy Lease ....................................................................... Producing ................................................................................... 57,223.80

80,809.82

Hummon provides its Statement 1 and Statement 2 data for the three active leases (Harper Ranch #1 GU, Harper

Ranch #2 GU, and the McMinimy Lease). Hummon’s 5-year projected net profit/loss for each of these three leases

is based on a $14 oil price and a $1.85 gas price.

Harper

ranch #1

GU

Harper

ranch #2

GU

McMinimy

lease

Actual ................................................................................................................................ 1996 1 $60,889 ($6,407) 2 $26,019

1997 14,372 (1,802) 31,831

Projected ........................................................................................................................... 1998 14,104 (1,610) 32,479

1999 5,749 (3,532) 23,293

2000 (1,353) (5,167) 15,485

2001 (7,384) (6,556) 8,849

2002 (12,517) (7,739) 3,206

.................... (1,401) (24,604) 83,312

2 Hummon asserts that this figure is caused by flush production from a second well drilled on the lease.

Overall, Hummon states that seven (7)

wells are involved in its petition, and

that each has different working interest

owners. Hummon’s petition does not

identify the working interest owners by

name that are involved in the petition,

and does not provide any information

regarding the financial status of any of

those working interest owners.

Any person desiring to be heard or to

make any protest with reference to said

petition should on or before 15 days

after the date of publication in the

Federal Register of this notice, file with

the Federal Energy Regulatory

Commission, 888 First Street, N.E.,

Washington, D.C. 20426, a motion to

intervene or a protest in accordance

with the requirements of the

Commission’s Rules of Practice and

Procedure (18 CFR 385.214, 385.211,

385.1105, and 385.1106). All protests

filed with the Commission will be

considered by it in determining the

appropriate action to be taken but will

not serve to make the protestants parties

to the proceeding. Any person wishing

to become a party to a proceeding or to

participate as a party in any hearing

therein must file a motion to intervene

in accordance with the Commission’s

Rules.

David P. Boergers,

Acting Secretary.

[FR Doc. 98–11311 Filed 4–29–98; 8:45 am]

BILLING CODE 6717–01–M

DEPARTMENT OF ENERGY

Federal Energy Regulatory

Commission

[Docket No. SA98–79–000]

Ruth Lawhorn; Notice of Petition For

Adjustment

April 23, 1998.

Take notice that on March 30, 1998,

Ruth Lawhorn (Lawhorn) filed a

petition, pursuant to section 502(c) of

the Natural Gas Policy Act of 1978

(NGPA) [15 U.S.C. § 3142(c) (1982)],1 for