Andrew Fastow, whose ingenious off-the-book transactions as CFO of Enron Corp. enriched him while helping to precipitate one of the biggest corporate collapses in history, has been released to a community corrections facility in Houston until he completes his prison sentence in mid-December, according to the Federal Bureau of Prisons. Fastow, now 49, was facing 98 criminal charges but pleaded guilty to two criminal counts and agreed to testify for the government against his former colleagues (see Daily GPI, Sept. 27, 2006). His key testimony led to the convictions of several Enron executives, most notably founder Kenneth Lay and former CEO Jeffrey Skilling, who were convicted on numerous charges in 2006 (see Daily GPI, May 26, 2006). Skilling, convicted on 19 criminal counts, is scheduled to be released from federal prison in 2030; he is appealing. Lay was convicted on 10 criminal counts, but died before sentencing and the convictions were dismissed. Wife Lea Fastow, also a former Enron employee, served a one-year prison term; she continues to live in Houston with the couple’s two children.
History
Articles from History
Shale Reservoir Simulator in Development
Producers that ply shale gas plays could someday benefit from increased insight into shale reservoirs courtesy of researchers at the University of Oklahoma (OU).
BC Development Apparently Bomb-Proof
As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).
Bomber Didn’t Thwart BC Development
As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).
EOG Turns Oily, Plans Gas Asset Sales
EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.
EOG to Sell Some Onshore Gas Properties
EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.
Calpine Counting on Gas-Fueled Fleet
With a recent history that includes emerging from Chapter 11 bankruptcy two years ago, Calpine Corp. is focused on a post-coal electric generation future.
Enbridge Projects More Growth in North American Gas Businesses
Calgary-based Enbridge Inc. last week reported the “best” quarterly results in company history, but the company doesn’t plan to rest on its laurels. Future growth, said CEO Patrick Daniel, will be more balanced between liquids pipeline projects and increasing opportunities in natural gas and renewable energy.
Enbridge Projecting More Growth in Onshore, Offshore Gas Businesses
Calgary-based Enbridge Inc. on Wednesday reported the “best” quarterly results in company history, but the company doesn’t plan to rest on its laurels. Future growth, said CEO Patrick Daniel, will be more balanced between liquids pipeline projects and increasing opportunities in natural gas and renewable energy.
Enbridge Projecting More Growth in Onshore, Offshore Gas Businesses
Calgary-based Enbridge Inc. on Wednesday reported the “best” quarterly results in company history, but the company doesn’t plan to rest on its laurels. Future growth, said CEO Patrick Daniel, will be more balanced between liquids pipeline projects and increasing opportunities in natural gas and renewable energy.
