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The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said Thursday.

The bears could be in for a great 2009 if the first natural gas storage withdrawal of the new year is any predictor of what lies ahead. The Energy Information Administration (EIA) reported Thursday morning that an anemic 47 Bcf was withdrawn from underground stores for the week ended Jan. 2, triggering a significant drop in February natural gas, which closed the regular session at $5.583, down 28.9 cents.

NorthWestern Energy Corp. intends to focus on its regulated utility assets and on building more power and natural gas transmission infrastructure in its Great Plains region, said CEO Michael Hanson during an earnings conference call last week.

NorthWestern Energy Corp. intends to focus on its regulated utility assets and building more power and natural gas transmission infrastructure in its Great Plains region, said CEO Michael Hanson during a recent second quarter earnings conference call.

Centrica plc subsidiary Direct Energy has completed its $300 million acquisition of Pittsburgh-based Strategic Energy LLC, a subsidiary of Great Plains Energy Inc. Direct Energy said its commercial and industrial business unit, Direct Energy Business, is now positioned as a top-three competitive retailer of gas and electricity to commercial and industrial customers in North America. The deal was announced in April (see Daily GPI, April 3).

Direct Energy, a subsidiary of Centrica plc, has signed an agreement to acquire Pittsburgh-based Strategic Energy LLC, a subsidiary of Great Plains Energy Inc., for a total cash consideration of $300 million, the company said last Wednesday. The transaction is debt-free and includes an amount of working capital that will be subject to a subsequent true-up.

Direct Energy, a subsidiary of Centrica plc, has signed an agreement to acquire Pittsburgh-based Strategic Energy LLC, a subsidiary of Great Plains Energy Inc., for a total cash consideration of $300 million, the company said Wednesday. The transaction is debt-free and includes an amount of working capital that will be subject to a subsequent true-up.

Dealing with carbon dioxide (CO2) and other greenhouse gas (GHG) emissions and their part in global climate change is one of the great challenges facing the world order, said Exelon CEO John W. Rowe.

Dealing with carbon dioxide (CO2) and other greenhouse gas (GHG) emissions and their part in global climate change is one of the great challenges facing the world order, said Exelon CEO John W. Rowe.