An Ohio judge has ruled that landowners who signed oil and natural gas leases with Chesapeake Exploration LLC have the right to accept better offers from competitors, as long as the original lease is in the primary term, drilling hasn’t started and Chesapeake fails to match the offer.
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El Paso Restates Restructuring Goal; Updates Progress
Looking to shore-up investor support and appease credit rating agencies, El Paso Corp. last week reiterated its restructuring commitment, along with its mission of focusing on its global liquefied natural gas (LNG) and petroleum business (see NGI, June 3).
July 8, 2002
Mexico Fixes Gas Prices To Assist Industry
In a move that appeared to appease the country’s ailingindustrial sector, the Mexican government agreed last week to sellnatural gas to domestic industry at a fixed price of $4/MMBtu forthe next three years. Steelmaker Hylsamex, among others, which hadtemporarily shut down facilities and laid off workers because ofhigh natural gas prices, said it would soon restart one of fouriron plants.
January 22, 2001
Mexico’s Pemex Fixes Natural Gas Prices
In a move expected to appease the country’s ailing industrialsector, the Mexican government has agreed to sell natural gas todomestic industry at a fixed price of $4/MMBtu for the next threeyears. Some of the largest companies in Mexico, includingsteelmaker Hylsamex, have been forced to temporarily shut downfacilities and lay off workers because of natural gas prices.
January 18, 2001
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