Claims

British Columbia (BC) and Saskatchewan brought in a combined C$745 million in land rights on Thursday, boosting their claims that they — and not Alberta — hold the best exploration spots in Canada.

President Bush Tuesday dismissed Democrats’ claims that domestic producers are not actively pursuing their oil and natural gas leases and that excessive speculation is responsible for escalating crude oil prices.

The FERC Enforcement Staff, responding to claims by Energy Transfer Partners (ETP) that FERC’s price calculations were flawed, defended its use of basis price quotes as part of its charge that ETP manipulated the physical gas market to create an artificial gas price that benefited its financial market position. A public version of the latest salvo from the regulatory agency was made available last Tuesday.

The FERC Enforcement Staff, responding to claims by Energy Transfer Partners (ETP) that FERC’s price calculations were flawed, defended its use of basis price quotes as part of its charge that ETP manipulated the physical gas market to create an artificial gas price that benefited its financial market position. A public version of the latest salvo from the regulatory agency was made available Tuesday.

NorthWestern Corp. said it has reached a settlement that could resolve litigation related to Magten Asset Management’s claims in NorthWestern’s 2003 Chapter 11 bankruptcy case.

NorthWestern Corp. said it has reached a settlement that could resolve litigation related to Magten Asset Management’s claims in NorthWestern’s 2003 Chapter 11 bankruptcy case.

Royal Dutch Shell plc Thursday agreed to pay nearly $118 million to U.S. investors to settle claims related to its oil and natural gas reserves restatements in 2004.

CPS Energy, which is owned by the City of San Antonio, has completed a prepaid gas supply deal that it claims is the first in Texas where a municipally-owned utility is the sole purchaser in the prepayment transaction. Gas customers of CPS stand to save more than $100 million over the next 20 years because of the prepay deal, CPS said.

CPS Energy, which is owned by the City of San Antonio, has completed a prepaid gas supply deal that it claims is the first in Texas where a municipally-owned utility is the sole purchaser in the prepayment transaction. Gas customers of CPS stand to save more than $100 million over the next 20 years because of the prepay deal, CPS said.