The General Accounting Office (GAO) said Monday it was unable to determine conclusively the extent to which energy executives and companies may have influenced the drafting of the Bush administration’s national energy policy due to the successful efforts of Vice President Dick Cheney and other energy task force members to stall its investigation.
Costs
Articles from Costs
North American Producers Say Commodity Prices Fueling 2Q Growth
Higher oil and gas prices are fueling improved quarterly earnings reports, with several of the top North American producers reporting major gains on Wednesday. ConocoPhillips beat Wall Street’s earnings estimates by 14 cents/share, and two other large U.S.-based independents, Pioneer Natural Resources Co. and Kerr-McGee Corp., also posted gains. Meanwhile, Calgary-based Talisman Energy Inc.’s record earnings are expected to help grow its gas-heavy production 10% this year.
July 31, 2003
El Paso Board Rebuts Investor’s Claims Involving Severance Costs
El Paso Corp.’s board responded last Thursday to accusations that directors, faced with possible ouster at the company’s shareholder meeting this year, may vote out generous severance packages for displaced officers to dampen any drive by stockholders to unseat the board.
March 10, 2003
El Paso Board Rebuts Investor’s Claims Involving Severance Costs
(Editor’s Note: This story originally ran in the March 7 edition of Daily GPI)
March 10, 2003
El Paso Board Rebuts Investor’s Claims Involving Severance Costs
El Paso Corp.’s board responded Thursday to accusations that directors, faced with possible ouster at the company’s shareholder meeting this year, may vote out generous severance packages for displaced officers to dampen any drive by stockholders to unseat the board.
March 7, 2003
Kerr-McGee Assumes $385M 4Q Charge; Calls Leadon Field a ‘Disappointment’
Due to estimated costs related to impairments for the Leadon field and various other fields in the North Sea and the Gulf of Mexico shelf, Kerr-McGee Corp. announced Monday that it will take a special after-tax noncash charge of approximately $385 million during the fourth quarter.
December 31, 2002
High Gas Prices Claim Another Casualty in Fertilizer Industry
Rapidly escalating natural gas costs claimed another casualty in the fertilizer industry on Thursday as Mississippi Chemical Corp. announced the shut-down of its Donaldsonville, LA, nitrogen complex. While the price of natural gas, a feedstock for some chemicals, continues to climb, there has not been a corresponding rise in chemical and fertilizer prices, and much of the nation’s fertilizer production has moved overseas.
December 23, 2002
High Gas Prices Claim Another Casualty in Fertilizer Industry
Rapidly escalating natural gas costs claimed another casualty in the fertilizer industry on Thursday as Mississippi Chemical Corp. announced the shut-down of its Donaldsonville, LA, nitrogen complex. While the price of natural gas, a feedstock for some chemicals, continues to climb, there has not been a corresponding rise in chemical and fertilizer prices, and much of the nation’s fertilizer production has moved overseas.
December 20, 2002
EOG’s Papa Sees Production Decline Continuing through 2003
EOG Resources CEO Mark Papa said Monday he expects total North American gas production to continue falling through next year because of the decline in drilling and the continuing intrinsic decline rate of existing gas wells.
August 13, 2002
Maritimes & Northeast Rates Face Section 5 Investigation
FERC will review costs and revenues for Maritimes & Northeast Pipeline in hearings initiated under section 5 of the Natural Gas Act, according to an order voted out at the Commission’s meeting last Wednesday.
July 22, 2002
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