Houston-based Noble Energy Inc., known for its success in the Gulf of Mexico deepwater, announced Thursday that it is acquiring Denver-based Patina Oil & Gas Corp., known for its success in the Rocky Mountains and Mid-Continent, in a $3.4 billion cash and stock deal. The combined company will have year-end 2003 proved reserves of 710 MMboe, weighted 63% to natural gas, with 55% of the total assets in the United States.
2004
Articles from 2004
Consumer Advocacy Report Prioritizes Natural Gas Policy Actions
With average winter heating bills for the natural gas household expected to top $1,000 for the first time in U.S. history this winter, there is an extreme urgency for Congress to make the right public policy choices, according to a new report by the Consumer Federation of America (CFA), a consumer advocacy and research group that represents about 300 nonprofit organizations.
CA LNG Proponents to Run $1 Million Ad Campaign
The major proponents and business backers of California and North Baja California liquefied natural gas (LNG) receiving terminals have joined a business-backed coalition that hired Gov. Arnold Schwarzenegger’s chief political advisor to run a $1 million public relations/advertising campaign. Their aim is to win support from the general public for the import of new gas supplies in the form of LNG.
FERC Staff: Mistake by Dominion Storage Clerk Will Cost U.S. Consumers $200M-$1B
FERC staff said Friday that an incorrect e-mail attachment sent by a “clerk” at Dominion Transmission to weekly storage surveyors at the Energy Information Administration (EIA) led to the erroneous storage report last month and subsequent jump in futures prices. FERC staff estimates the error and price run-up cost U.S. consumers $200 million to $1 billion.
Noble Adds Shine to Rockies E&P with $3.4B Patina Acquisition
Houston-based Noble Energy Inc., known for its success in the Gulf of Mexico deepwater, announced Thursday that it is acquiring Denver-based Patina Oil & Gas Corp., known for its success in the Rocky Mountains and Mid-Continent, in a $3.4 billion cash and stock deal. The combined company will have year-end 2003 proved reserves of 710 MMboe, weighted 63% to natural gas, with 55% of the total assets in the United States.
Consumer Advocacy Report Prioritizes Natural Gas Policy Actions
With average winter heating bills for the natural gas household expected to top $1,000 for the first time in U.S. history this winter, there is an extreme urgency for Congress to make the right public policy choices, according to a new report by the Consumer Federation of America (CFA), a consumer advocacy and research group that represents about 300 nonprofit organizations.
CA LNG Proponents to Run $1 Million Ad Campaign
The major proponents and business backers of California and North Baja California liquefied natural gas (LNG) receiving terminals have joined a business-backed coalition that hired Gov. Arnold Schwarzenegger’s chief political advisor to run a $1 million public relations/advertising campaign. Their aim is to win support from the general public for the import of new gas supplies in the form of LNG.
CA LNG Proponents to Run $1 Million Ad Campaign
The major proponents and business backers of California and North Baja California liquefied natural gas (LNG) receiving terminals have joined a business-backed coalition that hired Gov. Arnold Schwarzenegger’s chief political advisor to run a $1 million public relations/advertising campaign. Their aim is to win support from the general public for the import of new gas supplies in the form of LNG.
Under Fire, EIA Takes Public Comment on Storage Revision Policy
Stung by criticism of a revision made in its weekly gas storage report two weeks ago, the Energy Information Administration (EIA) said last Wednesday that it will publish a notice in the Federal Register in January soliciting public comment on its storage data revision policy. The agency also said it is taking a number of other actions to assure the quality of weekly natural gas storage data and the appropriate timing of its release.
Under Fire, EIA Takes Public Comment on Storage Revision Policy
Stung by criticism of a revision made in its weekly gas storage report last week, the Energy Information Administration (EIA) said Wednesday that it will publish a notice in the Federal Register in January soliciting public comment on its storage data revision policy. The agency also said it is taking a number of other actions to assure the quality of weekly natural gas storage data.