XTO, whose focus is U.S.-based, estimates that its newest acquisitions are 90% natural gas and 50% proved developed and will add about 30 MMcfe/d to the company’s production base. Natural gas production in 2004 now targets an increase of 16% to 18%, up from the previous guidance of 13% to 15%. Most of the latest acquisitions are scheduled to close on or before Jan. 30.
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Kelliher, Kelly Sworn In as FERC Commissioners; No Word on Massey Nomination
Joseph T. Kelliher and Suedeen Kelly have been were sworn in as the newest members of the Federal Energy Regulatory Commission. Both are expected to make their debut appearance at the Commission’s next regular meeting on Dec. 17.
Kelliher, Kelly Sworn In as FERC Commissioners; No Word Yet on Massey Nomination
Joseph T. Kelliher and Suedeen Kelly were sworn in late last week as the newest members of the Federal Energy Regulatory Commission. Both are expected to make their debut appearance at the Commission’s next regular meeting on Dec. 17.
SEC’s Newest Enron Informer Expected to be Valuable Source
Another former Enron Corp. official, who had overseen finances for its vast Enron North America operations, has agreed to cooperate with federal officials — and he is expected to be a valuable addition to the prosecution’s case against the bankrupt trader.
CA Governor Re-Appoints Energy Commissioner Geesman
California’s Gov. Gray Davis re-appointed the newest commissioner on the state energy commission, John Geesman, 51, to a full five-year term. Geesman had been appointed last July to fill out a term of a commissioner who retired early.
Ziff Reports Gas, Oil Operating Costs Up in Western Canada
Operating costs continue to rise in the oil and natural gas fields of Western Canada, according to the newest annual study by Calgary-based Ziff Energy Group. In a study of 2001 costs of 195 operating fields, Ziff determined that oil costs had increased 9% over those in 2000, while gas costs jumped 18% from the year before.
Ziff Reports Gas, Oil Operating Costs Up in Western Canada
Operating costs continue to rise in the oil and natural gas fields of Western Canada, according to the newest annual study by Calgary-based Ziff Energy Group. In a study of 2001 costs for a total of 195 fields, Ziff determined that oil costs had increased 9% over those in 2000, while gas costs jumped 18% from the year before.
CPUC Takes Long-Delayed Direct Access Action; New Majority Evident
The California Public Utility Commission’s (CPUC) newest member and fourth Democratic appointee, Michael Peevey, joined in a new coalition majority Thursday on a narrow (3-2), politically charged vote to make the CPUC’s earlier suspension of retail direct access effective on the date of the original decision, Sept. 20. The vote derails the CPUC president’s desire to make the suspension retroactive to July 1 and may have implications for future issues facing the regulators.
UBS Warburg Energy — New Name for Enron North America
UBS Warburg expects to begin operations this month of its newest unit, UBS Warburg Energy, after completing the deal to obtain Enron Corp.’s exclusive license to the technology to operate the once unbeatable North American natural gas and power trading operations. The new business’ online site will be branded www.UBSWenergy.com.
UBS Warburg Energy — New Name for Enron North America
UBS Warburg expects to begin operations this month of its newest unit, UBS Warburg Energy, after completing the deal to obtain Enron Corp.’s exclusive license to the technology to operate the once unbeatable North American natural gas and power trading operations. The new business’ online site will be branded www.UBSWenergy.com.