Cylinders

Pioneer Natural Resources Co.’s Eagle Ford Shale play is “hitting on all cylinders,” and in the liquids-rich Barnett Shale combo play, well costs are declining, COO Timothy Dove said during an earnings conference call.

Range Resources Corp.’s natural gas net output in the third quarter reached 537.2 MMcf/d, which was 7% more than in the year-ago period, the Fort Worth, TX-based independent said Tuesday.

A confluence of positive trends, including continued robustness in wholesale energy trading activity, helped to propel first quarter 2001 earnings at energy marketing and trading powerhouse Enron Corp. and its energy marketing competitor Dynegy Inc. above and beyond expectations previously locked in by Wall Street analysts.

A confluence of positive trends, including continued robustness in wholesale energy trading activity, helped to propel first quarter 2001 earnings at energy marketing and trading powerhouse Enron Corp. and its energy marketing competitor Dynegy Inc. above and beyond expectations previously locked in by Wall Street analysts.

Keyspan Corp. announced last week that its consolidated earnings for the year 2000 before restructuring charges soared above 1999 levels.

Keyspan Corp. announced yesterday that its consolidated earningsfor the year 2000 before restructuring charges skyrocketed above 1999levels. The company posted earnings of $323.8 million ($2.21 pershare), compared to 1999’s mark of $223.9 million ($1.62 pershare). The $41.1 million one-time restructuring charge came primarilyfrom Keyspan’s acquisition of Northeast distributors EasternEnterprises and EnergyNorth during November. The charge reducedearnings to $282.7 million ($2.10 per share) (see Daily GPI, Nov. 10, 2000).

Northwest reported experiencing a failure of the Unit #4compressor at its Soda Springs (ID) Station Wednesday morning dueto damaged rings and cylinders. Cause of the damage is beinginvestigated. Northwest said it was able to maintain scheduledquantities that day, but starting today capacity through SodaSprings will be limited to 445,000 Dth/d. This will not require anycuts in Primary Firm nominations, the pipeline said. It estimatedthe compressor will be back in service March 2.