Finding

Houston-based Newfield Exploration Co., which up to now has been heavily concentrated on finding natural gas, on Friday announced an agreement to acquire oil-rich Inland Resources, a privately held Denver-based exploration company. The transaction, valued at $575 million plus working capital and inventory, establishes a new Rocky Mountain focus for Newfield and adds a legacy asset to its portfolio.

FERC last Wednesday upheld an April finding that Washington state environmental regulators, by failing to act by the allotted deadlines, had waived the certification requirements under the Clean Water Act (CWA) and Coastal Zone Management Act (CZMA) with respect to Georgia Strait Crossing Pipeline LP’s natural gas pipeline project in the Pacific Northwest.

FERC on Wednesday upheld an April finding that Washington state environmental regulators, by failing to act by the allotted deadlines, had waived the certification requirements under the Clean Water Act (CWA) and Coastal Zone Management Act (CZMA) with respect to Georgia Strait Crossing Pipeline LP’s natural gas pipeline project in the Pacific Northwest.

Finding itself in hot water again in the peach state, Energy America, Centrica’s U.S. retail gas marketing subsidiary, will have a proposed stipulation — aimed at resolving its Low Income Heat Energy Assistance Program (LIHEAP) problems — heard by the Georgia Public Service Commission (GPSC) on Tuesday (Jan. 6).

Reserve replacement and low finding and development costs are the key predictors in determining how an exploration and production company will do in the stock market these days, according to Southwest Securities.

Reserve replacement and low finding and development costs are the key predictors in determining how an exploration and production company will do in the stock market these days, according to Southwest Securities.

Even with higher finding and development (F&D) costs, the exploration and production (E&P) sector’s strong cash flow and historically low trading levels make it an ideal time for additional wells to be drilled in North America, according to Raymond James’ latest “Stat of the Week.”

Even with higher finding and development (F&D) costs, the exploration and production (E&P) sector’s strong cash flow and historically low trading levels make it an ideal time for additional wells to be drilled in North America, according to Raymond James’ latest “Stat of the Week.”

With prices remaining high and conventional supply sources drying up, U.S. producers are finding themselves in a tough situation, where a tightening supply crisis might force prices even higher in the next few years, according to Jim Duncan, director of structured products for ConocoPhillips Gas & Power.