Although the $21.1 billion (plus $2.2 billion in debt assumption) Anadarko Petroleum Corp. will pay for Kerr-McGee Corp. and Western Gas Resources Inc. raised some eyebrows last week for its bold bet on robust commodity prices, Wood Mackenzie analysts were largely unfazed. The Anadarko deals gave the upstream sector a share-price bump, and that got the attention of many. Now the industry is waiting to see who will be the next players in the E&P consolidation game.
Eyebrows
Articles from Eyebrows
Northern Natural, Cogenerators Don’t Object to Public Release of Agreements
Parties to transportation letter agreements that have raised eyebrows at FERC — Northern Natural Gas pipeline and cogeneration facilities in Minnesota and Wisconsin — said last week they would not object if the Commission chooses to disclose the documents to the public.
January 12, 2004
Northern Natural, Cogenerators Don’t Object to Public Release of Agreements
Parties to transportation letter agreements that have raised eyebrows at FERC — Northern Natural Gas pipeline and cogeneration facilities in Minnesota and Wisconsin — said they would not object if the Commission chooses to disclose the documents to the public.
January 8, 2004
PG&E Pipeline’s Collateral Demands Raise Shipper, FERC Eyebrows
In what some shippers see as ironic given the sorry status of the pipeline’s own credit rating, PG&E Gas Transmission Northwest’s (GTN) existing collateral demands on credit-risky customers have raised skepticism from federal regulators and shippers alike in recent weeks. The proposed tougher-than-federally-required credit standards for the pipeline’s shippers have been put on hold by the Federal Energy Regulatory Commission, which wants to hold a technical conference on the issue.
December 16, 2002
PG&E Pipeline’s Collateral Demands Raise Shipper, FERC Eyebrows
In what some shippers see as ironic given the sorry status of the pipeline’s own credit rating, PG&E Gas Transmission Northwest’s (GTN) existing collateral demands on credit-risky customers have raised skepticism from federal regulators and shippers alike in recent weeks. The proposed tougher-than-federally-required credit standards for the pipeline’s shippers have been put on hold by the Federal Energy Regulatory Commission, which wants to hold a technical conference on the issue.
December 12, 2002
FTC OK Expected Today For Exxon-Mobil
Although the merger of Exxon and Mobil has raised the eyebrowsof at least two states, the Federal Trade Commission (FTC) isexpected to vote today to approve the $81 billion deal to createone of the world’s largest energy companies. The deal includes aproposal to sell about 2,400 gas stations nationwide, and at leastConnecticut and New Hampshire are concerned. Although ConnecticutAttorney General Richard Blumenthal opposes the deal, he told theAssociated Press it is unlikely a single state could block themerger and it also is unlikely a coalition of states will form tochallenge the deal.
November 30, 1999
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