Answering

Williams Proposal Connects REX Gas to Eastern Markets

A unit of Williams is answering the call to move Rockies gas supply traveling on the Rockies Express pipeline from that system’s terminus in Ohio into lucrative eastern U.S. gas markets.

October 1, 2007

EnCana Discounts Rumors of Shell Takeover

Answering rumors circulating this week concerning a possible takeover bid by Royal Dutch Shell, EnCana Corp. said Thursday it “is not aware of any intention by any party to make an offer to purchase all of the issued and outstanding shares of EnCana, nor is EnCana in discussions with any party with respect to the purchase of its issued and outstanding shares.”

October 21, 2005

April Futures Punch Higher Tuesday in Sympathy with Petroleum Markets

Answering the question of whether it would break higher or lower from its recent $6.55 to $6.84 range, April natural gas futures on Tuesday broke above to notch a morning high of $6.94. After peaking early in the session, the prompt month settled down somewhat in the afternoon. April ended up settling at $6.847, up 13.3 cents on the day.

March 9, 2005

Marathon Ramps Up E&P Spending for Exploratory Drilling

Answering analysts’ concerns that its exploration and production business is stagnating, Marathon Oil Co. announced Thursday it will ramp up capital spending this year by almost half a billion dollars, to $2.98 billion from $2.5 billion in 2004. Oil and natural gas production is forecast to grow at an average rate of 3% over the next three years, and reserves replacement will hit at 130% a year, the company said.

February 28, 2005

Marathon Ramps Up E&P Spending for Exploratory Drilling

Answering analysts’ concerns that its exploration and production business is stagnating, Marathon Oil Co. announced Thursday it will ramp up capital spending this year by almost half a billion dollars, to $2.98 billion from $2.5 billion in 2004. Oil and natural gas production is forecast to grow at an average rate of 3% over the next three years, and reserves replacement will hit at 130% a year, the company said.

February 25, 2005

Magnum Hunter Almost Doubles Daily Gas Production in 2002

Answering the call for increased domestic natural gas production in the light of a tight natural gas supply market, Magnum Hunter said last week that it upped its gas production from an average of 73,424 Mcf/d during the fourth quarter of 2001 to 130,655 Mcf/d for the fourth quarter ended Dec. 31, 2002, partly due to a major acquisition.

March 31, 2003

Magnum Hunter Ramps Up 2003 Gulf Drilling Program

Answering the call for increased domestic natural gas production, Magnum Hunter Resources Inc. said new production has commenced from its West Cameron Block 426 located on the Outer Continental Shelf (OCS) of the Gulf of Mexico. In addition, the Irving, TX-based company said it anticipates the start of new production from West Cameron Block 416 later this week, Ship Shoal 28 next month and West Cameron Block 428 within ten weeks.

March 25, 2003