Higher oil and gas prices spurred industry leaders ExxonMobiland Chevron to large leaps in fourth quarter 1999 earnings over thedepressed 4Q 1998. The two companies reported fourth quarterrealized U.S. natural gas prices up about 50 cents/Mcf over 4Q 1998and the full year average up about 15 cents over 1998. Unocal,Texaco and Conoco also enjoyed significant price appreciationfourth quarter over fourth quarter, although not as much gainyear-to-year.
Articles from Leaders
Technology and deregulation are viewed as the preeminent driversfor change in the energy industry by executives speaking last weekin Houston at the 17th congress of the World Energy Council.Indeed, change – of the fast-paced and relentless variety – seemedto be regarded as a given by most at the congress.
Candidates to head up three main divisions of the Federal EnergyRegulatory Commission being created in the on-going FERC Firstrestructuring should have their applications in to the Commissionby Sept. 24, according to a government job notice being circulatednationwide. A salary between $106,412 and $125,900 comes with thedirectors’ positions for the Office of Markets, Tariffs and Rates,the Office of Strategy and Organization Management, and the Officeof Administrative Litigation.