Icap

Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.

Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.

Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.

Peoples Energy Production has purchased 10 Bcfe of proved undeveloped reserves an 10-20 Bcfe of potential additional reserves in East Texas from a private company for $9.5 million. The acquisition includes 5,300 gross acres in the heart of the Cotton Valley/Travis Peak gas trend. Initial development of the acquired reserves, 96% of which are natural gas, will begin in fiscal 2005 with anticipated capital spending on these properties of between $10 million and $15 million of the 2005 capital program, Peoples said. “The acquisition of these properties increases our inventory of low risk drilling opportunities and will help us to achieve our production growth target for fiscal 2005,” said Peoples Energy CEO Thomas M. Patrick. Steven W. Nance, president of Peoples Energy Production said the acquisition “builds on our successful entry into East Texas, a prolific producing province of longer life, low risk reserves, which was accomplished during fiscal 2004.”