Executives

Anadarko Petroleum Corp. executives said last week that their ongoing asset divestiture program is yielding returns that are better than they expected, so good in fact that the company will not need to issue new equity as it rights its balance sheet following this year’s acquisition of Kerr-McGee Corp. and Western Gas Resources (see NGI, June 26).

Anadarko Petroleum Corp. executives said Tuesday they expect the company to end 2007 with $12 billion in net debt, which is a steep climb down from the $26 billion of net debt Anadarko had in the third quarter following its acquisition of Kerr-McGee Corp. and Western Gas Resources (see Daily GPI, June 26).

The government’s massive Enron Corp. investigation is nearly complete following the sentencing in Houston last week of three former executives, including the first and the last employee to plead guilty and agree to cooperate.

The government’s massive Enron Corp. investigation is nearly complete following the sentencing Friday of two former executives of the bankrupt company.

Backed by an equity commitment from Warburg Pincus and experienced former Pioneer Natural Resources executives, Dallas-based Broad Oak Energy Inc. is ramping up efforts to explore and develop tight natural gas leaseholds, initially in southern Texas and northern Louisiana.

Backed by an equity commitment from Warburg Pincus and experienced former Pioneer Natural Resources executives, Dallas-based Broad Oak Energy Inc. is ramping up efforts to explore and develop tight natural gas leaseholds, initially in southern Texas and northern Louisiana.

In talks with executives from nine exploration and production (E&P) companies, analysts at Friedman, Billings, Ramsey & Co. Inc. found that the drop in commodity prices is “being taken in stride but caution abounds.”

Natural gas storage levels are high and gas prices are lower, but those factors won’t delay domestic drilling plans on- or offshore, energy executives said Tuesday at the UBS Global Oil & Gas Conference in Austin, TX.

A week after rolling blackouts hit parts of the state, Electric Reliability Council of Texas (ERCOT) executives last week got an earful from senators who made it clear their patience has worn thin with controversies and bickering surrounding the organization.