Just days after Houston-based Anadarko said it would boost itsspending in Canada this year (see NGI, Feb. 12), the independentplayed white knight last week, agreeing to acquire gas-rich BerkleyPetroleum Corp. for $777 million, further boosting its Canadianreserves and pulling the rug out from under another Texas-basedproducer that had set its sights on the company two months ago.
2001
Articles from 2001
Top Gas Gorillas Show Strong Volume Growth
Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
February 16, 2001
Puget Energy Sees Higher Revenues, Earnings
The extremely higher costs of natural gas and electricity lastyear are reflected in the financial results announced Tuesday byone of the Pacific Northwest’s major combination energy companies,Bellevue, WA-based Puget Energy. The holding company for the stateof Washington’s largest investor-owned utility, Puget Sound Energy,recorded $40 million in receivables for excess power provided toCalifornia’s independent grid operator, Cal-ISO.
February 14, 2001
Major Growth Expected in U.S. LNG Market
Once upon a time, some regions of the United States were having problems meeting peak seasonal demand for natural gas. Inadequate pipeline and storage capacity, combined with production exceeding new natural gas discoveries, sent suppliers looking for alternatives. Imported liquefied natural gas became a hot commodity. Now the story has been rewound and is playing all over again — with bigger players and a wider stage.
February 12, 2001
Canadian Well’s Prolific Output Called Top Discovery
A natural gas well in northeastern British Columbia is producingas much as 100 MMcf/d, which would make it one of the top 10onshore discoveries in Canadian history, Murphy Oil Corp. reportedyesterday. The El Dorado, AR-based producer boosted its interest inthe play to 63% last November after acquiring Calgary’s Beau CanadaExploration Ltd. Houston-based partner Apache Corp. holds a 37%interest.
February 7, 2001
Taxpayers May Have to Pay Tab for CA Energy
If California utilities fail to pay suppliers for the emergencypower and natural gas that they’ve received during the currentcrisis, taxpayers nationwide could wind up footing the bill forbillions of dollars, warned Chairman Frank Murkowski (R-AK) of theSenate Energy and Natural Resources Committee yesterday.
February 1, 2001
Transportation Note
El Paso declared an Unauthorized Overpull Penalty situationSunday. It is effective until further notice.
January 30, 2001
Petal Goes Back to Original Expansion Proposal
Petal Gas Storage L.L.C. ate a little crow at FERC last week. Itconceded that its original proposal for expanding thedeliverability capacity serving its storage facilities was a betterplan after all.
January 29, 2001
NIMO Shareholders Approve National Grid Deal
Niagara Mohawk (NIMO) shareholders last week approved an $8.9billion merger with Britain’s National Grid Group plc a couple daysfollowing a major rate reduction deal that was offered to New Yorkratepayers and regulators in exchange for approval of the marriage.
January 22, 2001
Gas Suppliers Cut Off PG&E
Pacific Gas and Electric Co. said late yesterday that six of itsnatural gas suppliers, accounting for 36% of its daily supply, haveeither already cut off supply or could stop delivering gas by Jan.23. In addition, several other suppliers, accounting for another30% of daily supplies, have told the utility that they areconsidering stopping deliveries because of PG&E’s inability topay on or prior to delivery.
January 19, 2001
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