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In deciding to focus on their respective core businesses, KinderMorgan and Tom Brown reported that they have entered into adefinitive agreement to dissolve their Wildhorse Energy Partners,LLC, joint venture and split the company’s assets.

With little in the way of fresh fundamental news, natural gasfutures traded mostly sideways yesterday as traders rested after atumultuous 10 days of trading activity. A modest gain in the promptmonth was more than offset by losses in each of the out months.November finished up 0.5 cents at $4.664 while the 12-month stripclosed 1.6 cents lower at $4.313.

A government-run transmission grid is one of the ideas that willbe proposed this week by California’s statewide association of 30government-run utilities in response to the summer electricityprice and supply woes. The municipal utilities account for about25% of the state’s electricity.

Burlington Resources expects to top First Call/ThomsonFinancial’s earnings estimate for the company’s third quarter by$.06 to $.11 cents, but reports production may lag in comparison tolast quarter due to the “natural decline” in some of its operationareas.

Blasting two U.S. senators’ plans to set up an energy commissionto investigate recent high natural gas and oil prices, North DakotaGov. Ed Schafer said last week the proposal would result in nothingbut finger pointing, and he asserted that there is no “quick fix”to the nation’s energy problems.

Blasting two U.S. senators’ plan to set up an energy commissionto investigate recent high natural gas and oil prices, North DakotaGov. Ed Schafer said last week the proposal would result in nothingbut finger pointing, and he asserted that there is no “quick fix”to the nation’s energy problems.

Canada’s Foothills Pipe Lines Ltd. remains on track to build theAlaska Natural Gas Transportation System (ANGTS) despite a callthis week to change direction by a new kid on the block who’sattempting to derail the 20-year-old plan in favor of new one.

Natural gas futures seesawed to either side of unchanged only tofinish just a fraction of a cent higher yesterday as a late roundof fund buying retraced losses stemming from commercial and localselling earlier in the session.

To the surprise of absolutely no one, cash prices plunged acrossthe board Tuesday. It was an easy call to make considering theresidual effect of Monday afternoon’s steep screen dive and warmingweather trends that are likely to get even warmer next week,sources said.