Operating

Western Gas Resources, Inc. announced Tuesday that John F. Chandler has been named chief operating officer and executive vice president of Western effective immediately. Chandler will be in charge of all day-to-day operations including exploration, production, midstream and marketing and will continue to report directly to President and CEO Peter Dea. Chandler joined Western in 1984 and most recently was executive vice president-upstream and marketing.

The U.S. Bankruptcy Court for the Southern District of New York on Tuesday entered an order confirming a plan of reorganization for 21 of NRG Energy Inc.’s (NRG) operating subsidiaries in the Northeast and South Central regions of the U.S.

At best, the U.S. electricity industry is operating under an obsolete business model, the CEO of the Electric Power Research Institute (EPRI) told a Houston audience last Wednesday. But instead of the back-to-basics strategy now being advocated, it should transform itself for the future, said Kurt Yeager.

Reserve replacement and low finding and development costs are the key predictors in determining how an exploration and production company will do in the stock market these days, according to Southwest Securities.

Reserve replacement and low finding and development costs are the key predictors in determining how an exploration and production company will do in the stock market these days, according to Southwest Securities.

The impact of Alberta’s crude bitumen conservation policy on natural gas production and the gas companies operating in the shut-in area has been minimal, said Lehman Brothers analysts Thomas Driscoll and Phillip Skolnick. Only about 95 MMcf/d out of a possible 232 MMcf/d of Alberta gas production has been shut in on an interim basis as a result of the policy handed down this summer by the Alberta Energy and Utilities Board (EUB).

The impact of Alberta’s crude bitumen conservation policy on natural gas production and the gas companies operating in the shut-in area has been minimal, said Lehman Brothers analysts Thomas Driscoll and Phillip Skolnick. Only about 95 MMcf/d out of a possible 232 MMcf/d of Alberta gas production has been shut in on an interim basis as a result of the policy handed down this summer by the Alberta Energy and Utilities Board (EUB).

A much smaller energy merchant sector now is operating in a “hybrid” state with ambiguous rules and could remain only a minor part of the energy industry well into the future, one industry veteran said Thursday.

Vista’s assets are located in three operating areas: Cutbank in northwestern Alberta near Talisman’s Deep Basin play, Retlaw/Enchant/Turin located in southeastern Alberta and Freefight in southwestern Saskatchewan. The Cutbank complex is Vista’s major asset, representing two-thirds of its revenue and value. Talisman has entered into a firm agreement for the sale of the assets at Retlaw/Enchant/Turin for $30.5 million and is in negotiations for the sale of the Freefight assets.