Alberta spot sales have reached C$7/Mcf (US$4.83) and centralCanadian distributors are warning customers to expect an expensivewinter. Analysts see no end to the tight markets. But natural-gasproducers say they have found a way out — tap the Arctic.
Becomes
Articles from Becomes
Energy Crisis Becomes Political Hot Potato
In the wake of President Clinton’s release of crude oil from theStrategic Petroleum Reserve (SPR) to mitigate heating oil pricesthis winter, Chairman Frank Murkowski (R-AK) of the Senate Energyand Natural Resources Committee yesterday asked Energy SecretaryBill Richardson whether the administration had anything up itssleeve to reduce natural gas prices as the industry enters thewinter heating season.
September 27, 2000
Peoples Becomes a Producer With $18 M Purchase
Chicago-based Peoples Energy decided to eliminate the middle manlast week, purchasing an interest in 25 oil and natural gasproducing wells in South Louisiana and the Texas Gulf Coast regionfrom NBB Energy Partners LLP. The $18 million purchase makesPeoples Energy an operator of oil and gas properties for the firsttime in its history, with complete production responsibilities forthe purchased wells.
May 22, 2000
Peoples Becomes a Producer with $18 M Purchase
Chicago-based Peoples Energy decided to eliminate the middle manthis week, purchasing an interest in 25 oil and natural gasproducing wells in South Louisiana and the Texas Gulf Coast regionfrom NBB Energy Partners LLP. The $18 million purchase makesPeoples Energy an operator of oil and gas properties for the firsttime in its history, with complete production responsibilities forthe purchased wells.
May 18, 2000
Leviathan Becomes El Paso Energy Partners
El Paso Energy changed the name of Leviathan Gas PipelinePartners, L.P. yesterday to El Paso Energy Partners, L.P.,effective Dec. 1, and appointed Robert G. Phillips, who iscurrently president of El Paso Field Services and a director ofLeviathan, the company’s new CEO. Leviathan’s board accepted theresignation of CEO Grant E. Sims.
November 4, 1999
Electric Restructuring Becomes Law in Texas
Texas Gov, George W. Bush Friday signed into law a bill torestructure the state’s $19 billion electric industry.
June 21, 1999
Duke Climbs to Top NGL Spot with UPFuels Deal
Duke Energy Field Services becomes the top NGL producer in thecountry and the second largest gas marketer with completion of itspurchase of UPFuels, and Union Pacific Resources’ marketingoperations for $1.35 billion.
April 1, 1999
Houston Industries Becomes Reliant Energy
Houston Industries said last week it will meet the deregulatingenergy industry with a new name, Reliant Energy, which will begintrading under its new ticker symbol (NYSE:REI) Feb. 8.
February 8, 1999
Leviathan Becomes an El Paso GOM Gatherer
Attempting to consolidate its offshore pipeline assets under onecompany, El Paso Energy Corp.’s El Paso Field Services sold itsinterest in an offshore gathering system to Leviathan Gas PipelinePartners L.P. for $85.26 million in cash and stock exchanges. ElPaso will receive $63.945 million in Leviathan stock, improving itsholding interest in the company from 27.3% to 34%. The sale of theViosca Knoll Gathering Co. (VKGC) still needs to be approved byLeviathan’s board of directors. El Paso said the deal will beratified by March 31 and that no employees will be affected.
January 18, 1999
Convergence Becomes Law of the Land
Convergence of gas and electricity is no longer a trend on thehorizon but rather the law of the land. Anyone doubting this needonly look at who the big players are in both commodities, notedKenneth D. Rice, CEO of Enron Capital & Trade Resources (ECT).
June 25, 1998
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