Major policymakers will speak about national energy policy issues at a major conference on Sept. 24 to be hosted by the U.S. Chamber of Commerce in Washington, DC. Scheduled speakers will include FERC Chairman Pat Wood, Rep. W.J. “Billy” Tauzin (R-LA), chairman of the House Energy and Commerce Committee, and Sen. Jeff Bingaman (D-NM), chairman of the Senate Natural Resources Committee. The conference, “Energy Summit 2002, Ensuring America’s Energy Supply,” will run from 8:30 a.m.-5 p.m.at the Chamber headquarters, located at 1615 H St. NW. For further information, parties should contract Chris Merida at (202) 463-5648 or go to www.uschamber.com. Chamber members will be charged $325 to attend the event; non-members, $425. The price at the door will be $500.
FERC will hold a technical conference on Sept. 25 at its Washington, DC, headquarters to discuss its cash management proposal, which seeks to limit cash transfers between regulated subsidiaries (public utilities and oil and gas pipelines) and parent companies. Parties interested in the conference, which will begin at 9:30 a.m., should call Abraham Silverman at (202) 502-6444 or e-mail him at email@example.com, or call Wayne McDanal at (202) 502-6010 or Rosemary Womack at (202) 502-8989. Panelists at the conference will include representatives from the Interstate Natural Gas Association of America, Edison Electric Institute, Dominion Resources, NiSource, PacifiCorp, FirstEnergy, Entergy and Allegheny Power.
Industry experts will convene for a day-long conference in Charleston, WVA, on Sept. 24 to discuss the growing importance of coal seams as a source of natural gas. The conference, “Natural Gas from Coal Seams in the Northern Appalachian Basin,” will run from 8:30 a.m.-4 p.m. at The Summit Conference Center in Charleston. For further information, parties should contact Tod Bryant of the Interstate Oil and Gas Compact Commission at (405) 525-3556 or e-mail him at firstname.lastname@example.org.
Houston-based Nuevo Energy Co. has acquired 100 Bcfe of proved reserves — 97% natural gas and associated liquids — for two million shares of its common stock, $62 million in cash and the assumption of $20 million of debt from Athanor Resources Inc., a private company funded primarily by Yorktown Energy Partners. The reserves are located entirely in Terrell County, TX. The Pakenham Field in Terrell County has current production from the Wolfcamp, Thrusted Wolfcamp and Strawn formations. In the fourth quarter, net production is expected to average 20 MMcfe/d. About 80% of current production is from the shallow Wolfcamp formation, but Nuevo said that a “substantial portion of the future development will be directed toward the deeper, more prolific zones.”
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