Decimated

Williams has no intention to delay any of its natural gas exploration and production (E&P) operations in the Rocky Mountains — even with the basis blowouts that have decimated gas prices in the region over the past few months.

UBS Warburg Energy, which launched a domestic energy trading arm when it took over Enron Corp.’s decimated energy trading platform earlier this year, has decided to shutter its Houston offices and consolidate operations in Stamford, CT.

UBS Warburg Energy, which launched a domestic energy trading arm when it took over Enron Corp.’s decimated energy trading platform earlier this year, has decided to shutter its Houston offices and consolidate operations in Stamford, CT.

Williams’ once mighty pipeline empire has been decimated by the corporation’s financial troubles and its executive personnel have been cut as well, according to a notice appearing Tuesday on the Northwest Pipeline electronic bulletin board.

Enron Corp., which saw its decimated stock free fall more than 20% on Monday on news that the U.S. Securities and Exchange Commission (SEC) was questioning some of its business practices, now also faces lawsuits from disgruntled shareholders who claim that the Enron board had breached its fiduciary duties by allowing its CFO to create and run certain limited partnerships, costing the company more than $35 million.