Estimated

London-based BP plc on Monday said that its estimated oil and gas reserves will not show any material changes when recalculated for submission to the Securities and Exchange Commission (SEC) later this month. However, BP said that the reserves numbers, filed with UK regulators, might differ “somewhat” when they are restated in the SEC filing.

A now-estimated $18 billion, 10-year energy tax package rode through the Senate last Tuesday on the coattails of a broader corporate tax bill (S. 1637), which passed 92 to 5. It marked the first victory for the energy bill this year.

Canadian Natural Resources Ltd. said it is in the hunt to acquire some of Murphy Oil Corp.’s Canadian natural gas assets, which are estimated to be worth C$260 million ($193 million).

Consultants at PIRA Energy have news for all those Chicken Littles out there who estimated a gas production decline in 2003 and who are predicting another drop in 2004: production was up last year and it’s going to grow by another 1-2% in 2004.

Consultants at PIRA Energy have news for all those Chicken Littles out there who estimated a gas production decline in 2003 and who are predicting another drop in 2004: production was up last year and it’s going to grow by another 1-2% in 2004.

Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.

Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.

Tennessee said Monday it was in the process of isolating the section of pipeline following discovery of a leak in the vicinity of South Pass 38. It estimated that repairs would “take a minimum of two weeks.” The South Pass 38, 39, 45 and 47 meters are affected.

California customers may expect to collect as much as $3.3 billion in power refunds, slightly more than the $3 billion the state still owes to power generators but up from original calculations of $1.8 billion, under a decision Wednesday by FERC to recalculate its market cap for power sold during the western power crisis in 2000-2001. The refund amount is considerably less than state claims of $9 billion.