Credibility

Even in the midst of a credit/credibility crunch that has shrunk its stock price and slowed its aggressive development program, San Jose, CA-based Calpine Corp. is looking to expand its natural gas operations, including a lusting eye toward the coal-bed methane industry in the heartland of the U.S. During an interview with NGI Tuesday, Calpine’s chief gas executive said he expects prices to trend upward as new supplies get tighter.

The chairman and CEO of Houston-based Cabot Oil & Gas Corp.yesterday said his company had added “credibility to our southLouisiana exploration effort” by successfully completing its firstoperated exploration well on the Continental Land & Fur(CL&F) acreage in Terrebonne Parish, LA. Ray Seegmiller praisedthe success of the well, located on Cabot’s Augen prospect. TheCL&F No. 58-2 well drilled to a total depth of 13,100 feet andcompleted in 63 net feet of Bourg Sand. “We knew when we started2000 our drilling program in the Gulf Coast had significantpotential as evidenced by this most recent discovery,” Seegmillersaid.

California’s two government-created, private sector nonprofitcreatures of electric industry restructuring, the power exchange(PX) and grid operator (ISO), continued enhancement of theiroperations with an eye toward becoming regional entities withinfluence through the 12-state Western Systems Coordinating Council(WSCC) and parts of Canada and Mexico.

California’s two government-created, private sector nonprofitcreatures of electric industry restructuring, the power exchange(PX) and grid operator (ISO), continued enhancement of theiroperations with an eye toward becoming regional entities withinfluence through the 12-state Western Systems Coordinating Council(WSCC) and parts of Canada and Mexico.