Coca-Cola Bottling Co. of Southern California is watching closely an ongoing test of two solar-natural gas air conditioning systems by Sempra Energy’s Los Angeles-based Southern California Gas Co. (SoCalGas). The gas utility is testing two similar systems at its Energy Resource Center in Downey, CA, as a means of accelerating their use among commercial customers, such as the Coca-Cola bottling plant.
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Chevron Targets Upstream GOM, Global Development in 2009
Chevron Corp. has launched a capital and exploration program of $22.8 billion for 2009, which closely mirrors the spending levels of a year ago. Three-quarters of the spending is slated for the upstream, including several prospects in the deepwater Gulf of Mexico (GOM), the major said last week.
Chevron Targets Upstream GOM, Global Development in 2009
Chevron Corp. has launched a capital and exploration program of $22.8 billion for 2009, which closely mirrors the spending levels of a year ago. Three-quarters of the spending is slated for the upstream, including several prospects in the deepwater Gulf of Mexico (GOM), the major said Thursday.
New Mexico Conditions PNM Gas Sale
New Mexico regulators will be watching closely from now through the early days of the new year to see if the conditioned approval they gave to PNM Resources sale of its natural gas utility business will avoid a request for rehearing or a challenge to the New Mexico Supreme Court.
New Mexico Approval of PNM Gas Sale Carries Conditions
New Mexico regulators will be watching closely from now through the early days of the new year to see if the conditioned approval they gave last Thursday to PNM Resources sale of its natural gas utility business will avoid a request for rehearing or a challenge to the New Mexico Supreme Court.
Industry Brief
Calgary-based EnCana Corp. agreed to pay $457 million in cash to closely held Indigo Minerals LLC for 89,000 acres of Louisiana and East Texas leaseholds in the emerging Haynesville Shale and Deep Bossier play. The transaction includes 242 wells; production volumes were not disclosed. The properties are located in several parishes in northwestern Louisiana, as well as in Texas, Houston-based Indigo Minerals said. Indigo is backed by New York-based buyout firm Yorktown Partners and family-owned Roy O. Martin Lumber and Martin Timber companies of Alexandria, LA. Indigo also receives funding form Bank of America Corp. Indigo said it would still own 22,000 leasehold acres in Louisiana and East Texas once the transaction closes, which is expected by the end of July.
EnCana Is Boss in Deep Bossier Play with $2.55B Purchase
EnCana Corp. last week upped its stakes in East Texas with the $2.55 billion buyout of its closely held partner in the Amoruso Field located in the Deep Bossier natural gas play in East Texas, a play that CEO Randy Eresman called “the best emerging unconventional gas play in North America.”
EnCana Is Boss in Deep Bossier Play with $2.55B Purchase
EnCana Corp. agreed to buy out its closely held partner in the Amoruso Field of the Deep Bossier natural gas play in East Texas for $2.55 billion, a field that CEO Randy Eresman called “the best emerging unconventional gas play in North America.”
Global Tech Survey Sees Need for Chief Energy Officer
Nearly 82% of senior technology executives claim to closely monitor the issue of global warming, but 65% do not have a defined energy strategy to deal with it, according to a global survey by Hill & Knowlton Inc. And of those surveyed, 77% believe there is a need to expand the executive or “C-Suite” to include a chief energy officer to manage, implement and measure a company’s return on investment in environmental technology, or return on environment (ROE).
Global Tech Survey Sees Need for Chief Energy Officer
Nearly 82% of senior technology executives claim to closely monitor the issue of global warming, but 65% do not have a defined energy strategy to deal with it, according to a global survey by Hill & Knowlton Inc. And of those surveyed, 77% believe there is a need to expand the executive or “C-Suite” to include a chief energy officer to manage, implement and measure a company’s return on investment in environmental technology, or return on environment (ROE).