Investments

Southwestern Energy Co. CEO Harold Korell said Friday that progress in 2007 in the company’s core Fayetteville Shale program and investments in emerging plays across the country have helped to “set the stage” for 30-35% production growth this year.

Colorado and Thailand are the top two locations in the world for oil and gas exploration and development investments, according to energy industry experts surveyed by The Fraser Institute, a Calgary-based research organization. This was one of the points the institute highlighted in its first global survey of upstream petroleum companies.

Colorado and Thailand are the top two locations in the world for oil and gas exploration and development investments, according to energy industry experts surveyed by The Fraser Institute, a Calgary-based research organization. This was one of the points the institute highlighted in its first global survey of upstream petroleum companies.

Southwestern Energy Co. has sold its gas distribution business, Arkansas Western Gas Co., to SourceGas LLC, an affiliate of GE Energy Financial Services and Alinda Investments LLC for $224 million plus working capital.

Regency Energy Partners LP has acquired Pueblo Midstream Gas Corp. from Bear Cub Investments LLC for $55 million ($35 million in cash and approximately 750,000 Regency common units), the company said last week.

Regency Energy Partners LP has acquired Pueblo Midstream Gas Corp. from Bear Cub Investments LLC for $55 million ($35 million in cash and approximately 750,000 Regency common units).

NGS Investments LLC on Friday launched an open season to provide natural gas storage services by the Leaf River Energy Center, a salt cavern facility to be constructed in Smith County, MS, that would eventually provide 32 Bcf of capacity. The open season will run from Thursday (Oct. 20) to Dec. 8.

With senior management and the board promising more robust returns from other energy investments, ScottishPower shareholders voted last Friday on the proposed $9.4 billion sale of its PacifiCorp utility operations in the United States. Results of the vote will be announced Tuesday, following annual and special shareholder meetings held in Glasgow.

Kansas regulators on Monday approved a 2.4% rate increase settlement, or $2.7 million, for Aquila Inc. to recover the costs of investments that it made in the company’s natural gas transmission and distribution operations that service 104,000 customers in the state.