Midcontinent

Prices Flat in Most Areas; Northeast and West Decline

Weekend cash prices hit a plateau Friday in theMidcontinent/Midwest, Gulf Coast and Appalachia, but softened inthe Northeast and at most western points.

April 17, 2000

Two Midcontinent Mergers Near Finish Line

The Midwest utility landscape should expect radical changessoon, as two major mergers have cleared all regulatory approvalsand are closing in on completion.

March 14, 2000

Duke, Mitchell, and Conoco Do the Midcontinent Asset Shuffle

Duke Energy Field Services (DEFS) showed last week that it wasnot willing to sit tight and wait for its midstream venture withPhillips’ GPM to begin, as it announced plans to acquire gatheringand processing assets in central Oklahoma from Conoco Inc. andMitchell Energy & Development Corp. The transaction is expectedto close March 31 after regulatory approvals are received. Nofinancial information was disclosed.

January 10, 2000

Duke, Mitchell, and Conoco Shuffle Midcontinent Assets

Duke Energy Field Services (DEFS) yesterday showed it was notgoing to sit tight and wait for its midstream venture withPhillips’ GPM to begin, as it announced plans to acquire gatheringand processing assets in central Oklahoma from Conoco Inc. andMitchell Energy & Development Corp. The transaction is expectedto close March 31 after regulatory approvals are received. Nofinancial information was disclosed.

January 6, 2000

Chesapeake Lost Nearly $1B in ’98

Chesapeake Energy 1998 year-end results were hammered bynon-cash impairment charges of $881 million. Due mainly to “thesevere decline in oil and natural gas prices during 1998″Chesapeake lost $934 million on revenues of $382 million.

March 29, 1999

Chesapeake Lost Nearly $1B in ’98

Chesapeake Energy 1998 year-end results were hammered bynon-cash impairment charges of $881 million. Due mainly to “thesevere decline in oil and natural gas prices during 1998″Chesapeake lost $934 million on revenues of $382 million.

March 22, 1999

Coastal Adds Midcontinent Reserves

Coastal Corp. subsidiary Coastal Oil &amp Gas bought oil and gasassets of Conoco in the Uintah Basin of northeastern Utah and thePiceance Basin of western Colorado. The properties are in two ofthe most prolific gas basins in the Rocky Mountains. Provedreserves are estimated at 500 Bcfe, about 95% gas.

November 9, 1998

Cash Follows Screen Up, Supported by Texas Heat

People saw the screen start higher Monday morning and “everybodywas off to the races,” a Midcontinent marketer said. Priceincreases were across the board but by widely varying amounts, evenamong neighboring pipes in a region. Everything basically followedthe Henry Hub futures contract, according to a Northeast trader.However, he and other sources agreed that virtually every point wasbacking off near the end of activity. “People just quit buyingafter the screen run-up,” he said.

June 16, 1998
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