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Despite Recent Busts, Forecasters Call for Active 2008 Hurricane Season

Coming off of yet another hurricane season that never quite lived up to the forecasts for overly active storm development, weather forecasters at Colorado State University (CSU) late last week predicted that the Gulf of Mexico and other areas surrounding the Atlantic Ocean’s storm breeding grounds can expect a somewhat above-average 2008 hurricane season.

December 10, 2007

Despite Recent Busts, Forecasters See Active 2008 Hurricane Season

Coming off of yet another hurricane season that never quite lived up to the forecasts for overly active storm development, weather forecasters at Colorado State University (CSU) late last week predicted that the Gulf of Mexico and other areas surrounding the Atlantic Ocean’s storm breeding grounds can expect a somewhat above-average 2008 hurricane season.

December 10, 2007

Linda Lay Says Husband Committed No Crimes

The widow of Enron Corp. founder Kenneth Lay stated in a court filing in Houston Friday that her husband never committed any crimes, and she is entitled to keep all of the property and money that the government is seeking from his estate.

December 3, 2007

Virginia Supreme Court to Hear Appeal in Gas Pipe Dispute

The Virginia Supreme Court has agreed to hear an appeal by Houston-based GeoMet in its ongoing natural gas pipeline dispute with a CNX Gas Corp. affiliate over a 32-acre coalbed methane (CBM) play in Buchanan County, VA.

November 13, 2007

Stone Energy Said to be Looking for New Suitor

With two merger proposals in less than six months, Stone Energy Corp. probably never thought it would now be standing alone at the altar. The Lafayette, LA-based producer in June spurned a $1.9 billion merger offer by Plains Exploration & Production to hook up with Energy Partners Ltd.’s (EPL), sweeter $2.2 billion proposal (see Daily GPI, June 20). Today, however, the dumper is the dumpee.

October 16, 2006

Chesapeake Gets OK for Takeoff From DFW

Rock icon Meat Loaf might have sang, “You’ll never drill for oil on a city street,” but that’s not stopping Chesapeake Energy Corp. from attempting to tap natural gas below the Dallas-Ft. Worth International Airport (DFW).

August 4, 2006

LDCs, End-Users Meet Trio of LNG Suppliers in Washington

The U.S. market will never get all of their gas, but for one day at least the U.S. gas industry had all the attention of officials from four major liquefied natural gas (LNG) exporters who met with representatives from government, utilities and end-users at a closed meeting in Washington, DC.

June 19, 2006

Supply Meets Demand at Closed LNG Confab in Washington

The U.S. market will never get all of their gas, but for one day at least the U.S. gas industry had all the attention of officials from four major liquefied natural gas (LNG) exporters who met with representatives from government, utilities and end-users at a closed meeting in Washington, DC.

June 15, 2006

Energy Lenders Like U.S. Market Best

The adage may say “never a borrower or a lender be,” but that doesn’t hold true for the energy business. Producers are chasing assets and capital providers are chasing borrowers at a time when most everyone believes gas and oil prices have reached a new deck. For energy industry capital markets these are “unique” times, and the United States is where the bulk of the action is.

May 24, 2006

It’s an Embarrassment of Riches for Major Producers

Most consumers pick up a gas pump nozzle about once a week, but they never see a drillbit. That’s a problem if you’re an energy company holding a bag of money during a period of near-record natural gas, oil and gasoline prices.

May 1, 2006