Estimated

Fleshing out its plans to sell more than $1 billion worth of power plant assets this year, El Paso Corp. last Monday disclosed in a regulatory filing that it expects to close the sale of a 775 MW power plant in New Jersey during the second quarter of this year.

El Paso Corp. was in the unenviable position of being the most traded common stock on the New York Stock Exchange Wednesday because investors were continuing a sell-off. The company’s stock dropped a little over 22% to $3.65. The market overall was down on war fears, and other energy companies took a hit, but not in the same league as El Paso.

Dallas-based Denbury Resources Inc. estimated that its discovery well in North Padre Island Block A-9 offshore Texas in the Gulf of Mexico has total potential natural gas reserves of 90 Bcf (34 Bcf net to Denbury).

Dallas-based Denbury Resources Inc. estimated Thursday that its discovery well in North Padre Island Block A-9 offshore Texas in the Gulf of Mexico has total potential natural gas reserves of 90 Bcf (34 Bcf net to Denbury).

Two gas-rich western independents, Black Hills Corp. and Mallon Resources Corp., last week announced a merger estimated at $52 million. Under the definitive agreement entered into by Rapid City, SD-based Black Hills, it also will acquire Denver-based Mallon’s debt to Aquila Energy Capital Corp., as well as $30.5 million of its outstanding hedges.

Two gas-rich western independents, Black Hills Corp. and Mallon Resources Corp., announced Tuesday a merger estimated at $52 million. Under the definitive agreement entered into by Rapid City, SD-based Black Hills, it also will acquire Denver-based Mallon’s debt to Aquila Energy Capital Corp., as well as $30.5 million of its outstanding hedges.

Former Enron executive Michael Kopper is expected to plead guilty to criminal conspiracy charges Wednesday for his role in the Enron scandal and return an estimated $12 million that he pocketed from illegal partnership deals, according to published sources.

After seeing its corporate credit rating downgraded to two levels below “junk status” and its stock skid to a low of 78 cents at one point last week, Williams Cos. Inc. got some much-needed good news Friday. First, the company announced it had reached an agreement in principle with California and a number of other parties, including Washington and Oregon, on a settlement to resolve all outstanding litigation/claims and refunds for electricity overcharges, and then FERC signaled it probably would not strip Williams of its license to sell power at unregulated rates.

After seeing its corporate credit rating downgraded to two levels below “junk status” and its stock skid to a low of 78 cents at one point last week, Williams Cos. Inc. got some much-needed good news Friday. First, the company announced it had reached an agreement in principle with California and a number of other parties, including Washington and Oregon, on a settlement to resolve all outstanding litigation/claims and refunds for electricity overcharges, and then FERC signaled it probably would not strip Williams of its license to sell power at unregulated rates.