Tarragon Shareholders OK Acquisition

Shareholders of Canada’s Tarragon Oil and Gas Ltd. yesterdayapproved the indirect acquisition of their company by Marathon Oilfor an estimated $1.1 billion. Still, the final fate of the mergerwas up to the Ontario Court (General Division), which was expectedto issue a favorable decision either late Tuesday or today.

August 12, 1998

Ozark Sale Final, Owner Fighting FERC Over Rates

The sale of Ozark Gas Transmission to an Enogex affiliate hasbeen completed, but it remains to be seen whether the FERC willbless Enogex with the rates it seeks for an interstate pipelinecomposed of the combination of Ozark and its currentlynon-jurisdictional NOARK Pipeline.

August 5, 1998

Sempra in Partnership with Furst Communications Firm

Confident parent companies Enova and Pacific Enterprises are inthe home stretch for final merger approval by the Securities andExchange Commission, Sempra Energy announced a deal with a nationaltelecommunications marketer, The Furst Group, Inc., that shows it’srapidly expanding in the nonregulated energy and communicationsservices arena.

June 4, 1998

Where’s the Expiration Related Nymex Volatility?

The June Nymex natural gas contract failed to show thevolatility normally associated with the final trading days of a gascontract by limiting itself to a narrow five cent trading range onTuesday. This tight trading band held June to a slight 0.1 centgain to $2.095.

May 27, 1998

FERC Mandates Pipeline Use of Internet

A final rule voted out Wednesday by the Federal EnergyRegulatory Commission sets June 1, 1999 as the date when allpipelines must provide all information and conduct all businessusing the public Internet and standardized protocols.

April 16, 1998

FERC OKs Merger of Kentucky Utilities

Kentucky’s two largest electric utilities – Louisville Gas andElectric (LG&E) and Kentucky Utilities (KU) – won final FERCapproval for their merger Wednesday, paving the way for itscompletion sometime in the second quarter, the utilities said.

March 26, 1998

Nova, El Paso Finalize Chilean Pipeline Plans

El Paso Energy International announced final agreements havebeen signed by the partners of an international consortium to buildthe 325-mile Gasoducto del Pacifico pipeline from Argentina acrossthe Andes mountains into Chile, roughly 300 miles south ofSantiago. Construction on the $380 million project has alreadybegun and the pipeline is scheduled to be in service by late 1999.The initial delivery capacity of the system is estimated to be 140MMcf/d.

February 13, 1998
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