Holder

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

Forest Oil Corp. said it purchased $102 million of stock in an undisclosed privately owned company with about 102 Bcfe of proved gas and oil reserves located primarily in the Permian Basin and five fields in South Texas.

Once the holder of one of the largest electricity supply deals with California, Allegheny Energy Supply said last week it has filed claims with the state’s Board of Control for what it alleges are “monetary damages” inflicted on it by the state’s “bad-faith actions” abrogating a long-term supply deal. State actions, which still have not terminated the deal, nevertheless have caused the company “significant negative financial” problems, Allegheny said.

Duke Energy North America announced the sale of its ownership interest in Duke Energy McClain to NRG Energy. Duke Energy McClain is the holder of a 77% interest in the McClain energy generating facility, a 500 MW merchant power facility under construction in Oklahoma. Terms of the transaction were not disclosed. The McClain facility is a combined-cycle, natural gas-fired merchant generation facility located near Newcastle, OK. Construction of the facility began in March 2000, with commercial operations set to begin this summer. Duke Energy McClain closed on the sale of a 23% interest in the facility to the Oklahoma Municipal Power Authority in March 2001. The sale of the McClain facility is expected to close in the third quarter of 2001.

El Paso Energy Corp. completed its acquisition of Crystal GasStorage Inc. of Shreveport, LA. Each holder of Crystal Gas Storagecommon stock received $57 per share in cash in a deal worth $224.6million. “The Crystal assets provide the flexibility, highdeliverability, and multiple pipeline interconnects necessary tomeet the gas supply demands of new plants in the competitive powermarket,” said El Paso CEO William A. Wise.

El Paso Energy Corp. completed its acquisition of Crystal GasStorage Inc. of Shreveport, LA. Each holder of Crystal Gas Storagecommon stock received $57 per share in cash. The deal is worth$224.6 million.

Statoil Energy, the largest Appalachian Basin gas reserve holderand a top energy marketer and independent power producer, was puton the auction block last week after having failed in its attemptthis summer to find a partner to invest about $1 billion in itsfuture.

Statoil Energy, the largest Appalachian Basin gas reserve holderand a top energy marketer and independent power producer, was puton the auction block yesterday after having failed in its attemptthis summer to find a partner to invest about $1 billion in itsfuture.