Chuck

Vastar Resources would appear to be taking a wait-and-see viewof next year’s gas prices. CEO Chuck Davidson told Houston energyreporters Tuesday that “not much” of the company’s gas productionis hedged next year. Indeed, Vastar generally doesn’t hedge morethan a year out and hedges less than 50% of its production.Davidson said the company also is using more collars rather thanhedges linked to a specific price.

Look for NGC to focus its efforts on growing the powergeneration segment of its energy store concept of providing gas,power and gas liquids, CEO Chuck Watson told reporters in HoustonMonday. “We are going to optimize and strategically grow our powergeneration assets. Greater than 50%, probably almost 75%, of ouravailable cash flow in this company over the next several yearswill be in power generation, either greenfield projects, merchantplants, or in possibly acquiring some of these plants that are spunoff from the utilities over the next several years.”