Itself

After building itself a growing customer base, it looks like the U.S. natural gas industry may not be able to service it all if the economy picks up this year. If the gas-directed rig count ramps up to 1000 by the end of the year — averaging about 900 rigs through 2003 — then supply available in the U.S. will only be down about 2 Bcf/d from 2002 levels, EOG Chairman Mark Papa estimates. He believes drilling will pick up, but if active rigs don’t hit that level “then production is going to fall harder.”

After building itself a growing customer base, it looks like the U.S. natural gas industry may not be able to service it all if the economy picks up this year. If the gas-directed rig count ramps up to 1000 by the end of the year — averaging about 900 rigs through 2003 — then supply available in the U.S. will only be down about 2 Bcf/d from 2002 levels, EOG Chairman Mark Papa estimates. He believes drilling will pick up, but if active rigs don’t hit that level “then production is going to fall harder.”

The power industry may be suffering now from a liquidity crunch, but it’s not the first time for the sector, and history may offer some “important” lessons, according to a Standard & Poor’s credit analyst.

Dynegy Inc. hopes to redeem itself with a conference call Tuesday to discuss its latest Securities and Exchange Commission filings, which include Form 10-Q on third quarter earnings, as well as Form 8-K, an unaudited restatement of financials from January 1999 through December 2001.

Dynegy Inc. hopes to redeem itself with a conference call Tuesday to discuss its latest Securities and Exchange Commission filings, which include Form 10-Q on third quarter earnings, as well as Form 8-K, an unaudited restatement of financials from January 1999 through December 2001.

Duke Energy found itself backed into a corner last week, facing criticims for new reports about a formal SEC investigation, its 71% drop in third quarter earnings and its announcement that it may have to take a $19 million special charge in the fourth quarter related to a settlement agreement that was filed Tuesday with North Carolina and South Carolina state regulators (see related story).

As long as TXU Corp. can deleverage itself and lower its debt-to-capital ratio in a “fairly rapid fashion,” Standard & Poor’s Ratings Services (S&P) analyst Judith Waite believes the company shows strong support for an investment-grade rating.

As long as TXU Corp. can deleverage itself and lower its debt-to-capital ratio in a “fairly rapid fashion,” Standard & Poor’s Ratings Services (S&P) analyst Judith Waite believes the company shows strong support for an investment-grade rating.

Greenbrier Pipeline Co. LLC is touting itself as the first new project to use FERC’s new pre-filing process, in which project developers file a significant amount of information, including an environmental review and routing analysis, about a proposed project before the actual certificate filing makes it to FERC’s mailbox. Although Greenbrier, a mid-Atlantic project, won’t file its formal certificate application until later this year, the company has filed a significant amount of environmental information under the new pre-filing (PF) docket.