Paying

A rich pocket of natural gas in the shallow waters off the coast of Mississippi is paying off handsomely for Chevron U.S.A. Production Co., which reports that production has more than tripled this year in its Viosca Knoll Carbonate Trend to 230 MMcf/d, up from 60 MMcf/d in 1999.

A rich pocket of natural gas in the shallow waters off the coastof Mississippi is paying off handsomely for Chevron U.S.A.Production Co., which said yesterday that production has more thantripled this year in its Viosca Knoll Carbonate Trend to 230MMcf/d, up from 60 MMcf/d in 1999.

Calgary’s TC PipeLines LP now owns a 49% interest in the229-mile 20-inch interstate Tuscarora Gas Transmission Co., aNevada general partnership, after paying US$28 million to asubsidiary of TransCanada PipeLines Ltd.

The Supreme Court last week refused to review a case in whichKansas gas producers could wind up paying millions of dollars incustomer refunds for selling gas in the 1980s at prices that,because they incorporated the state’s ad valorem tax, may have beenabove the allowed legal limit.

The Supreme Court earlier this week refused to review a case inwhich Kansas gas producers could wind up paying millions of dollarsin customer refunds for selling gas in the 1980s at prices that,because they incorporated the state’s ad valorem tax, may have beenabove the allowed legal limit.

The dazzling increases in cash prices Thursday certainly failedto surprise anybody who was paying attention Wednesday afternoon tothe storage report and the screen’s subsequent skyrocketingperformance.

If you build it, a corporate sponsor will come. This time aroundit’s Houston’s new baseball stadium, and Enron Corp. said last weekit will pay $100 million over 30 years for naming rights to theballpark to be known as Enron Field. Enron Energy Services (EES)also will provide energy management to the facility.

If you build it, a corporate sponsor will come. This time aroundit’s Houston’s new baseball stadium and Enron Corp., which saidWednesday it will pay $100 million over 30 years for naming rightsto the ballpark to be known as Enron Field. Enron Energy Services(EES) also will provide energy management to the facility.

Increasing competitive pressure inside traditional monopolyutility market territories has triggered somewhat of a revival ofinvestment diversification by gas and electric utilities. But theseinvestments are not what they’re cracked up to be, according toenergy consulting firm Metzler Services, a subsidiary of Metzler&amp Associates. Non-core investments, including internationalventures, did not payoff over the year ended last September,Metzler calculated in its third quarter Flashreport, released lastweek.