Developed

Exploration and production (E&P) reserve life, calculated as developed and undeveloped proven reserves divided by the last 12 months production, offer investors more assurance of superior long term production growth over the traditional finding and development (F&D) costs, according to a report by Southwest Securities’ analysts.

The brouhaha that developed following the reserve revisions by El Paso Corp. and Royal Dutch/Shell Group has turned into a “long overdue” discussion about producers’ oil and natural gas reserves, the CEO of Anadarko Petroleum Corp. said last week.

The brouhaha that developed following the reserve revisions by El Paso Corp. and Royal Dutch/Shell Group has turned into a “long overdue” discussion about producers’ oil and natural gas reserves, the CEO of Anadarko Petroleum Corp. said Monday.

Enron Power Marketing Inc. (EPMI) and Portland General Electric Inc. (PGE) jointly developed an arrangement that allowed EPMI to implement a scheme to create false congestion and to receive payment for relieving that congestion on California’s transmission lines, FERC staff said in a recent report filed with a Commission administrative law judge (ALJ).

Most of the gas to be developed from northern Canada and Alaska probably will be routed to Chicago because “it’s about the only place that you can make a rational investment and expect a stable return,” according to a TransCanada PipeLines executive.

Most of the gas to be developed from northern Canada and Alaska probably will be routed to Chicago because “it’s about the only place that you can make a rational investment and expect a stable return,” according to a TransCanada PipeLines executive.

El Paso is investigating a vibration that developed in a turbine at Pecos River Station. Capacity through Pecos River was cut by 60 MMcf/d effective with Thursday’s Cycle 2 nominations until further notice.

The big rallies that had developed late in Friday’s trading for the weekend provided a solid base for spectacular price increases Monday. Gains of about 30 cents or more were common in the East, while the West, where winter storm watches were posted for parts of the Pacific Northwest and northern Rockies, registered upticks that exceeded 40 cents in most cases.

An international contest has developed over access to natural gas supplies from offshore Nova Scotia, with Canadian distributors claiming they are being shut out by an American agenda.