2004

Alaska Gov. Frank H. Murkowski told a legislative committee that he supports the state taking an equity position in the construction of a massive natural gas pipeline from the North Slope to the Lower 48 states. He also said Alaska’s three natural gas producers back the state having an equity stake in the line.

Energy-related master limited partnerships (MLPs), such as Kinder Morgan Energy Partners (KMP) and Enterprise Products Partners LP, may see an upsurge in business once tax changes passed by Congress this month take effect.

“Don’t even think about it” was the response that most conference participants gave FERC Thursday regarding the idea of creating uncommitted reserved storage and pipeline capacity to help dampen price volatility and lower gas prices. The idea was mentioned in a recent FERC staff report on natural gas storage and was presented as a topic of discussion at FERC’s State of the Natural Gas Industry Conference on Thursday in Washington, D.C.

Investment banking firm Merrill Lynch & Co. said Thursday it entered into a definitive agreement to buy the energy trading operations of Entergy-Koch LP., a joint venture of Entergy Corp. and Koch Industries Inc.

Alaska Gov. Frank H. Murkowski told a legislative committee last week that he supports the state taking an equity position in the construction of a massive natural gas pipeline from the North Slope to the Lower 48 states.

The demand for gas in northern Alberta oilsands development is expected to equal the 1.2 Bcf/d of new resources from the proposed Mackenzie Valley Pipeline by the time the pipeline is expected to be in service in 2010, according to studies currently being filed with the National Energy Board in support of the project.

The demand for gas in northern Alberta oilsands development is expected to equal the 1.2 Bcf/d of new resources from the proposed Mackenzie Valley Pipeline by the time the pipeline is expected to be in service in 2010, according to studies currently being filed with the National Energy Board in support of the project.

The House last Thursday passed a massive corporate tax cut bill that included up to 18 tax incentives and credits for natural gas, electricity, renewable energy and other fuels. A vote by the Senate was expected to occur over the weekend, a Capitol Hill aide said.

Magnum Hunter Resources (MHR) Chairman Gary C. Evans, who started the company with $1,000 nearly 20 years ago and built it into a $1.8 billion asset portfolio, announced last week that he will retire next April to focus on family life and to allow the company to “take it to the next level.” Until April, Evans plans to remain president and CEO and a director, and he will hold a board seat after retiring.