[Federal Register: February 12, 1999 (Volume 64, Number 29)]
[Notices]               
[Page 7176-7177]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12fe99-61]

-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. SA99-12-000]

 
Aladdin Petroleum Corporation; Notice of Petition for Adjustment

February 8, 1999.
    Take notice that on January 11, 1999, Aladdin Petroleum Corporation 
(Aladdin), filed a petition for adjustment in Docket No. SA99-12-000, 
pursuant to Section 502(c) of the Natural Gas Policy Act of 1978. 
Aladdin requests relief from paying the interest portion of the Kansas 
ad valorem tax refunds \1\ that it owes to Colorado Interstate Gas 
Company (CIG), for Aladdin's working interest in the Keller A Lease, 
located in Finney County, Kansas, since Aladdin can no longer recoup 
its refund from this lease.\2\ Aladdin states that the payment of the 
Kansas ad valorem tax refunds will create a profound economic hardship 
for Aladdin, since the crude oil and natural gas prices on its 
production have fallen to the point that almost 75 percent of Aladdin's 
remaining leasehold interests are uneconomical to produce. Aladdin also 
requests that it be permitted to amortize the principal portion of its 
refund obligation over a reasonable period of time. Aladdin's petition 
is on file with the Commission and open to public inspection.
---------------------------------------------------------------------------

    \1\ The Commission's September 10, 1997 order in Docket No. 
RP97-369-000 et al. [80 FERC para. 61,264 (1997); rehearing denied, 
82 FERC para. 61,058 (1998)] required First Sellers to make such 
refunds for the period from October of 1983 through June of 1988.
    \2\ Aladdin explains that the Graham-Michaelis Corporation (GMC) 
was the operator of the Keller A Lease until 1991, when GMC and 
Aladdin sold their respective working interests in the lease to 
Helmerich & Payne, Inc. Aladdin adds that GMC was a party to certain 
gas purchase contracts with CIG, that GMC acted on behalf of itself 
and its working interest owners (including Aladdin), and that GMC 
received the proceeds from CIG's gas purchases, requested 
reimbursement of ad valorem taxes, and passed those funds onto 
Aladdin and GMC's other Keller A Lease 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

[[Page 7177]]

Commission, 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,
Secretary.
[FR Doc. 99-3456 Filed 2-11-99; 8:45 am]
BILLING CODE 6717-01-M