Aggressively

Natural gas producers are responding “very aggressively” to the price signals in the market by stepping up production activity, but production volumes are expected to remain flat at best without access to new resources, said the chairman of a major gas producer group Tuesday.

Atmos Energy Corp. reported net income of $88.5 million, or $1.11 per diluted share, for its second quarter ending March 31, compared with $58.3 million, or $1.12 per diluted share, in the prior year quarter. Earnings in fiscal 2005 include the results of operations of TXU Gas Co., the natural gas utility distribution and pipeline operations of TXU Energy, acquired on Oct. 1, 2004.

Atmos Energy Corp. reported net income of $88.5 million, or $1.11 per diluted share, for its second quarter ending March 31, compared with $58.3 million, or $1.12 per diluted share, in the prior year quarter. Earnings in fiscal 2005 include the results of operations of TXU Gas Co., the natural gas utility distribution and pipeline operations of TXU Energy, acquired on Oct. 1, 2004.

Calgary-based Canadian Superior Inc. said Wednesday it has retained legal counsel to “aggressively” deal with class action lawsuits “threatened or pending” that allege the company made materially false or misleading statements to the public regarding the costs and results of its Mariner drilling operations offshore Nova Scotia.

A survey of 31 of the most aggressively-drilling U.S. independents showed a 34% increase in exploration and development (E&D) spending in 2003 at the same time those companies were experiencing a 69% increase in total cash flow, according to Raymond James & Associates.

A survey of 31 of the most aggressively-drilling U.S. independents showed a 34% increase in exploration and development (E&D) spending in 2003 at the same time those companies were experiencing a 69% increase in total cash flow, according to Raymond James & Associates.

Dynegy Inc., cast by Enron Corp. as the villain in its bankruptcy filing, has aggressively countered every move by its former rival, and Thursday filed a motion requesting the bankruptcy case be moved to Houston, where both of the companies are headquartered. Dynegy, facing a $10 billion breach of contract lawsuit that Enron incorporated into its bankruptcy proceedings on Dec. 2, filed papers with New York Judge Arthur Gonzalez, noting that Enron’s decision to file in the Southern District of New York was “a classic example of the type of forum shopping that should not be condoned.”

Dynegy Inc., cast by Enron Corp. as the villain in its bankruptcy filing, has aggressively countered every move by its former rival, and late last week filed a motion requesting the bankruptcy case be moved to Houston, where both of the companies are headquartered. Dynegy, facing a $10 billion breach of contract lawsuit that Enron incorporated into its bankruptcy proceedings on Dec. 2, filed papers with New York Judge Arthur Gonzalez, noting that Enron’s decision to file in the Southern District of New York was “a classic example of the type of forum shopping that should not be condoned.”

Illustrating the tremendous demand growth that has nearlycrippled California’s energy market, Kern River Gas Transmissionannounced a plan yesterday to more than double the amount of gas ittransports to the state from Rocky Mountain region supply basins.