Former

Anadarko Petroleum Corp. has made a large natural gas discovery in the Saddle Hills area of Alberta, expanding the proven and probable reserves from the multi-zone play to 130 Bcf from the previous estimates of 90 Bcf. Before Anadarko began to step up its activity in Saddle Hills late in 2001, the play held an estimated 6 Bcf of proven reserves.

Anadarko Petroleum Corp. has made a large natural gas discovery in the Saddle Hills area of Alberta, expanding the proven and probable reserves from the multi-zone play to 130 Bcf from the previous estimates of 90 Bcf. Before Anadarko began to step up its activity in Saddle Hills late in 2001, the play held an estimated 6 Bcf of proven reserves.

Over the objections of its former president, the California Public Utilities Commission Thursday approved on a 4-1 vote a $6.7 million performance-based ratemaking (PBR) award for San Diego Gas and Electric Co. under its incentive mechanism for buying natural gas supplies.

Over the objections of its former president, the California Public Utilities Commission Thursday approved on a 4-1 vote a $6.7 million performance-based ratemaking (PBR) award for San Diego Gas and Electric Co. under its incentive mechanism for buying natural gas supplies.

Former Transcontinental Gas Pipe Line General Manager Gary D. Lauderdale has joined Houston-based consulting firm Lukens Energy Group as a managing director in the firm’s Strategy Advisory practice area. Lauderdale recently retired from Williams Companies after more than 30 years of service. At Lukens, Lauderdale will offer consulting services related to the overall commercial and operational management of natural gas companies, including issues related to corporate strategy, post-merger integration, corporate downsizing, business process improvement, contract negotiation and dispute resolution. Jay Lukens, president of Lukens Energy Group, said Lauderdale will be “a key player as Lukens Energy Group helps the industry consider ‘what’s next?’ The energy industry is at a precarious point in its evolution. With the melt-down of merchant energy, high natural gas prices and concerns about future energy supplies, many companies are uncertain as to where to go from here.”

A former El Paso Corp. vice president and energy trader was indicted last Wednesday on charges that he submitted price and volume information on a series of bogus natural gas trades to Platt’s Inside FERC Gas Market Report to use in calculating its index price for gas. The news helped to fuel the steady slide in El Paso stock throughout most of last week, during which it lost about 20% of its value to trade at about $6.71 a share Friday.

A former El Paso Corp. vice president and energy trader was indicted Wednesday on charges that he submitted price and volume information on a series of bogus natural gas trades to Platt’s Inside FERC Gas Market Report to use in calculating its index price for gas. The news caused El Paso stock to tumble for the third day in a row, sliding by about 7% to close at $7.05 a share.

A former executive who worked for infamous Enron Corp. CFO Andrew Fastow agreed to cooperate with the Enron Task Force on Tuesday, part of a plea bargain reached for his guilty plea for tax evasion.

A former executive who worked for infamous Enron Corp. CFO Andrew Fastow agreed to cooperate with the Enron Task Force on Tuesday, part of a plea bargain reached for his guilty plea for tax evasion.