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Kinder Morgan Adds Remaining Stake in Markham Storage Field

Kinder Morgan Energy Partners (KMP) said it bought the remaining interest in Mid-Tex Gas Storage Co. LLP (Midtex), which owns the 5 Bcf Markham storage field in Matagorda County, TX, from NiSource for $17.5 million. The deal increases Kinder Morgan’s stake in the project from 68% to 100%.

December 8, 2003

Kinder Morgan Adds Remaining Stake in Markham Storage Field

Kinder Morgan Energy Partners (KMP) said it bought the remaining interest in Mid-Tex Gas Storage Co. LLP (Midtex), which owns the 5 Bcf Markham storage field in Matagorda County, TX, from NiSource for $17.5 million. The deal increases Kinder Morgan’s stake in the project from 68% to 100%.

December 2, 2003

Forest Continues 2003 Spending Spree, Adds Stock in Holder of 102 Bcfe

Forest Oil Corp. said it purchased $102 million of stock in an undisclosed privately owned company with about 102 Bcfe of proved gas and oil reserves located primarily in the Permian Basin and five fields in South Texas.

November 12, 2003

NUI Adds Second Financial Advisor in Planned Sale

Bedminster, NJ-based NUI Corp. said it has retained Credit Suisse First Boston (CSFB) as co-advisor on its sale of the entire company. CSFB will join Berenson & Co., which has been assisting the company in its efforts to maximize value for its shareholders.

November 3, 2003

XTO Adds 83 Bcf of Proved Reserves in Several Domestic Deals

Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.

October 20, 2003

XTO Adds 83 Bcf of Proved Reserves in Several Domestic Deals

Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.

October 16, 2003

Cash Adds Nickel or Two, But Futures Finally Begin to Slip

Spot prices inched higher by a few pennies to a little more than a dime at most locations nationwide Monday compared to weekend levels, and basis tightened a bit with help from the 10.5-cent drop in near-month futures. But many observers still were left wondering how the huge basis chasm will be closed before the November contract goes off the board.

October 14, 2003

Many Energy Issues Await California’s New Governor

An early assessment from western energy observers adds up to a long list of issues for California’s Gov.-elect Arnold Schwarzenegger once the election is officially certified and an official transition date is set. Some of them may test the new governor’s professed preference for market-based and environmentally sensitive solutions.

October 13, 2003

Magnum Hunter Ups GOM Drilling, Adds $50M to Budget

Magnum Hunter Resources Inc. is escalating its drilling efforts in the Gulf of Mexico (GOM) through the end of this year, and has boosted its 2003 capital budget by $50 million toward the effort.

October 6, 2003

Magnum Hunter Ups GOM Drilling, Adds $50M to Budget

Magnum Hunter Resources Inc. is escalating its drilling efforts in the Gulf of Mexico (GOM) through the end of this year, and has boosted its 2003 capital budget by $50 million toward the effort.

October 1, 2003
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