Marking

Marking the second asset sale by ExxonMobil and its subsidiaries on Tuesday, Devon Energy Corp. announced it has acquired oil and gas properties in the Iron River area of Western Canada from ExxonMobil Canada Energy for approximately US$200 million.

FERC on Thursday approved the mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG), marking a key regulatory hurdle that the transaction needed to vault. FERC signed off on the deal at its latest open meeting, but said that the two companies will also need to make a number of compliance filings at the Commission in the wake of this week’s decision.

FERC last Thursday approved the mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG), marking a key regulatory hurdle that the transaction needed to vault. FERC signed off on the deal at its latest open meeting, but said that the two companies will also need to make a number of compliance filings at the Commission in the wake of this week’s decision.

Remington Oil and Gas Corp. said last week that it ended 2004 with reserves totaling approximately 252 Bcfe, marking a 19% increase over year-end 2003 levels. The company’s reserves consist of 60% natural gas and 40% oil.

Remington Oil and Gas Corp. said Thursday that it ended 2004 with reserves totaling approximately 252 Bcfe, marking a 19% increase over year-end 2003 levels. The company’s reserves consist of 60% natural gas and 40% oil.

Marking increasing energy-related earnings and decreasing losses in telecommunications and corporate operations, Black Hills Corp. Tuesday reported higher earnings for the fourth quarter, with net income of $19.4 million, or 59 cents/share, compared with $7.9 million, or 24 cents/share, for the same period the previous year. For the full year 2004, net income was $57.7 million, or $1.76/share, compared with $61 million, or $1.97/share, for 2003.

Marking his one-year anniversary as CEO of El Paso Corp., Doug Foshee said last week that the company is “well down the road on fundamentals,” and today is focusing on its strategic natural gas pipeline franchise and revamped exploration and production (E&P) unit.

Marking his one-year anniversary as CEO of El Paso Corp., Doug Foshee said Tuesday that the company is “well down the road on fundamentals,” and today is focusing on its strategic natural gas pipeline franchise and revamped exploration and production (E&P) unit.

Marking it three consecutive days of double-digit price drops to end the week, the July natural gas futures contract on Friday declined 10.2 cents to settle at $6.261. While the prompt month was unable to threaten the $6 mark, it did reach a low on the day of $6.22, a level untouched since May 19.