Goal

An incremental 10-15 Bcf/d of U.S. natural gas supply over the next 10-15 years creates “abundant” opportunities, and Williams’ goal is to be the No. 1 or No. 2 player in every U.S. gas basin in which it operates, CEO Steve Malcolm said last week.

An incremental 10-15 Bcf/d of U.S. natural gas supply over the next 10-15 years creates “abundant” opportunities, and Williams’ goal is to be the No. 1 or No. 2 player in every U.S. gas basin in which it operates, CEO Steve Malcolm said Tuesday.

Range Resources Corp. made good on its 2008 goal to build its leasehold position in targeted onshore plays, and it increased its proved natural gas and oil reserves by 19% — to 2.7 Tcfe from 2.2 Tcfe.

Range Resources Corp. made good on its 2008 goal to build its leasehold position in targeted onshore plays, and it increased its proved natural gas and oil reserves by 19% — to 2.7 Tcfe from 2.2 Tcfe.

Former Vice President Al Gore last week challenged the nation to produce all of its electricity through renewable resources within 10 years, a goal that he said the next president should embrace. His announcement followed a call by the U.S. Chamber of Commerce, which urged the next president and Congress to set a strategic long-term energy policy for the United States.

Aspen Pipeline LP affiliate Odessa Fuels Marketing LLC has signed a definitive agreement with Tulsa-based Arena Resources Inc. to purchase natural gas from Arena’s Fuhrman Mascho properties in the Yates formation in Andrews County, TX. Aspen has also signed a definitive agreement with PSEG Texas LP subsidiary Odessa-Ector Power Partners LP to deliver Yates formation gas in a dedicated pipeline to the PSEG Texas 1,000 MW energy generation facility just outside Odessa, TX.

With a stated goal of offering people within the energy industry a way to reduce the burden of rolling index commodities forward every month while also allowing them to track the effects of contango and backwardation in the crude markets, the New York Mercantile Exchange Inc. (Nymex) said last week that it plans to launch the MACI futures and the Backwardation-Contango index futures contracts in February 2008.

With a stated goal of offering people within the energy industry a way to reduce the burden of rolling index commodities forward every month while also allowing them to track the effects of contango and backwardation in the crude markets, the New York Mercantile Exchange Inc. (Nymex) said Monday it plans to launch the MACI futures and the Backwardation-Contango index futures contracts in February 2008.

A total of 20 planned eastern interconnects could help the Rockies Express Pipeline (REX) project reach its goal of bringing low-priced western gas to eastern customers beginning next year, said Ultra Petroleum Corp. Vice President Stuart Nance.