Eyes

Magnum Hunter Resources (MHR) Chairman Gary C. Evans, who started the company with $1,000 nearly 20 years ago and built it into a $1.8 billion asset portfolio, announced Thursday that he will retire next April to focus on family life and to allow the company to “take it to the next level.” Until April, Evans plans to remain president and CEO and a director, and he will hold a board seat after retiring.

Magnum Hunter Resources (MHR) Chairman Gary C. Evans, who started the company with $1,000 nearly 20 years ago and built it into a $1.8 billion asset portfolio, announced last week that he will retire next April to focus on family life and to allow the company to “take it to the next level.” Until April, Evans plans to remain president and CEO and a director, and he will hold a board seat after retiring.

FERC staff has offered the Commission a full range of options to encourage the development of new natural gas storage facilities in the United States, including relaxing the requirements for independent storage operators to obtain market-based rates.

FERC staff last week offered the Commission a full range of options to encourage the development of new natural gas storage facilities in the United States, including relaxing the requirements for independent storage operators to obtain market-based rates.

After attacking the $5 mark for the majority of the afternoon, the October natural gas futures contract finally broke below that psychological support level near the end of the open outcry session, notching a low on the day of $4.955 before settling at $4.965, down 10.9 cents on the day.

Kern River Gas Transmission plans to carry out another expansion of its system to California, providing an outlet for more Rocky Mountain natural gas, if California regulators next month authorize state utilities to turn back capacity on the El Paso Natural Gas and Transwestern pipeline systems in order to provide supply diversity for California consumers, said an official for the pipeline last Wednesday.

Kern River Gas Transmission plans to carry out another expansion of its system to California, providing an outlet for more Rocky Mountain natural gas, if California regulators next month order state utilities to turn back capacity on the El Paso Natural Gas and Transwestern pipeline systems in order to provide supply diversity for California consumers, said an official for the pipeline Wednesday.

Texas Gas Transmission LLC, an interstate gas pipeline company based in Owensboro, KY, said last Wednesday that it is holding a non-binding open season for firm storage service and no-notice service. The open season will run until 5 p.m. (CDT) Oct. 1.

Texas Gas Transmission LLC, an interstate gas pipeline company based in Owensboro, KY, announced Wednesday that it will hold a non-binding open season for firm storage service and no-notice service. The open season will run from 8 a.m. (CDT) Aug. 4 to 5 p.m.(CDT) Oct. 1.