Just when some producers were getting their hopes up about Hurricane Emily’s route, the National Hurricane Center (NHC) changed its projections for landfall to just south of Brownsville, TX, by Tuesday night or early Wednesday morning (July 20). Producers are likely to spend a third week in a row evacuating offshore personnel and possibly shutting in some production in the vicinity of the hurricane.
Hopes
Articles from Hopes
Dynegy Expects to Finalize Midstream Deal Within Six Weeks
Dynegy Inc. CEO Bruce Williamson told shareholders in the annual meeting Thursday that the company hopes to finalize a decision about selling its midstream natural gas assets within four to six weeks. He reiterated that based on current financial performance, the assets likely will be sold for $2.5-3 billion.
May 23, 2005
Dynegy Expects to Finalize Midstream Deal Within Six Weeks
Dynegy Inc. CEO Bruce Williamson told shareholders in the annual meeting Thursday that the company hopes to finalize a decision about selling its midstream natural gas assets within four to six weeks. He reiterated that based on current financial performance, the assets likely will be sold for $2.5-3 billion.
May 20, 2005
El Paso Speeds Exit of Noncore Businesses to Pay Down Debt
El Paso Corp. said last week that it intends to get out of all its noncore businesses and pay down debt quicker in hopes of hitting net income of up to $750 million in 2006. The announcement Thursday followed news earlier in the week that the company had a net loss of more than $1 billion last year.
March 21, 2005
California Bulk Gas Buying Hopes to Fit with Streamlining Initiative
The long-time director of California’s General Services Department (GS), which makes the state’s bulk natural gas purchases, said Tuesday that he does not expect the GS gas-buying program to be affected by Gov. Arnold Schwarzenegger’s statewide plan to “modernize” California’s purchasing efforts.
July 1, 2004
MMS Sees Less Than Expected Interest in Gulf Lease Sale 189
Despite high hopes for a sizeable turnout in light of currently elevated natural gas prices and royalty relief, the U.S. Department of the Interior’s Minerals Management Service (MMS) reported last Wednesday that there was only modest interest at its Eastern Gulf of Mexico (GOM) Lease Sale 189.
December 15, 2003
MMS Sees Less Than Expected Interest in Gulf Lease Sale 189
Despite high hopes for a sizeable turnout in light of currently elevated natural gas prices and royalty relief, the U.S. Department of the Interior’s Minerals Management Service (MMS) reported Wednesday that there was only modest interest at its Eastern Gulf of Mexico (GOM) Lease Sale 189.
December 11, 2003
Massey: FERC Hopes to Clear Most Western ‘Underbrush,’ Look to Future
At next week’s regular FERC meeting, the Commission is going to take “very, very substantial steps toward resolving all of the important old business” related to allegations of manipulation of the natural gas and electricity prices in western markets, said Commissioner William Massey Thursday. But FERC will not clear out the entire “underbrush.”
March 21, 2003
Magnum Hunter ‘Front-End Loads’ ’03 Budget to Score on Higher Prices
Independent producer Magnum Hunter Resources Inc. has jumped on the wagon for what it hopes will be a long ride for higher natural gas and oil prices, by increasing its capital expenditure budget for 2003 by $10 million, to $125 million from $115 million. Most of the increased capital will be spent in the first quarter.
January 6, 2003
Magnum Hunter ‘Front-End Loads’ ’03 Budget to Score on Higher Commodity Prices
Independent producer Magnum Hunter Resources Inc. has jumped on the wagon for what it hopes will be a long ride for higher natural gas and oil prices, by increasing its capital expenditure budget for 2003 by $10 million, to $125 million from $115 million. Most of the increased capital will be spent in the first quarter.
December 31, 2002
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