Focus

A ten-year snapshot of California’s natural gas future could re-touched or rendered out of focus in the months ahead, depending on more current residential/commercial demand data and whether or not the state’s sagging economy rebounds, according to one of the principal authors of the California Energy Commission’s (CEC’s) last staff gas assessment.

A ten-year snapshot of California’s natural gas future could re-touched or rendered out of focus in the months ahead, depending on more current residential/commercial demand data and whether or not the state’s sagging economy rebounds, according to one of the principal authors of the California Energy Commission’s (CEC’s) last staff gas assessment.

Dallas-based independent Denbury Resources Inc. will spend $130 million next year on development and exploration in the United States. The company approved a budget Wednesday to direct its efforts on projects in Mississippi, Louisiana and the offshore Gulf of Mexico.

With adequate liquidity now an increasing focus of credit analysis in the energy industry, Dominion Resources Inc. (BBB+/Stable/A-2) is a “good example” of a company with improving liquidity, according to Standard & Poor’s (S&P) in a new report released Friday.

“I think we are at the critical moment in the development of our energy markets and energy infrastructure for the future economy of this country,” FERC Commissioner Nora Mead Brownell said last week. “This is an economy made competitive in part by its access to cheap and reliable power.”

Citing the downgrade of El Paso Energy Corp. as part of the reason for its action, Moody’s Investors Service downgraded the senior secured debt of a MidAmerican Energy Holdings Co. subsidiary that owns and operates a 537 MW natural gas-fired combined cycle generation plant located in the Midwest.

Citing the downgrade of El Paso Energy Corp. as part of the reason for its action, Moody’s Investors Service downgraded the senior secured debt of a MidAmerican Energy Holdings Co. subsidiary that owns and operates a 537 MW natural gas-fired combined cycle generation plant located in the Midwest.

Canadian 88 Energy Corp. is selling off its 750,000-plus acreage along Canada’s East Coast to concentrate on exploration and production in the Western Sedimentary Basin. Although the company likes what it has in the less-developed region, Stephen J. Savidant, president, said, “we can’t afford it, it’s too big, it’s too much cost and it’s too far out” in terms of production timing.

Canadian 88 Energy Corp. is selling off its 750,000-plus acreage along Canada’s East Coast to concentrate on exploration and production in the Western Sedimentary Basin. Although the company likes what it has in the less-developed region, Stephen J. Savidant, president, said, “we can’t afford it, it’s too big, it’s too much cost and it’s too far out” in terms of production timing.