A record $656 million in mineral revenues was released to individual states last week by the U.S. Minerals Management Service (MMS) as their share of revenues collected from oil, gas and other mineral development in federal lands outside their boundaries or in federal waters adjacent to their shores. If price and production trends continue on their current pace, Interior Secretary Gale Norton said “this will be an all-time record year.”
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Articles from Pays
California Crisis Pays Dividends to Calpine, Sempra
With the backdrop of California’s continuing energy upheavals, two of the state’s major energy companies announced substantial first quarter earnings increases that were driven largely by the price and supply volatility for power.
April 30, 2001
Duke Pays NiSource $400 Million for MHP
Duke Energy Gas Transmission (DEGT) announced it has enteredinto a definitive agreement to purchase Market Hub Partners (MHP)and its 23 Bcf of natural gas salt cavern storage. The unit isbeing spun off by NiSource Inc. as a result of its planned mergerwith Columbia Energy.
August 31, 2000
Shenandoah Energy Plan Pays Off for Chevron
A deal reached last year that transferred all of Chevron’s oiland gas assets in Utah’s Uinta Basin to the newly formed ShenandoahEnergy (SEI) in exchange for an equity ownership interest is payingoff big time for the energy giant, said Chevron North AmericaPresident George L. Kirkland.
July 17, 2000
PJM Pays Customers to Cut Power Loads
In an attempt to alleviate stresses on the power grid in theMid-Atlantic region this summer, the PJM Interconnection L.L.C. hasinitiated a pilot program under which it will pay electriccustomers to reduce their electric loads during emergencysituations.
July 17, 2000
Shenandoah Pays Off in Chevron Equity Deal
A deal reached last year that transferred all of Chevron’s oiland gas assets in Utah’s Uinta Basin to the newly formed ShenandoahEnergy (SEI) in exchange for an equity ownership interest is payingoff big time for the energy giant, said Chevron North AmericaPresident George L. Kirkland.
July 13, 2000
PJM Pays Customers to Limit Power Loads
In an attempt to alleviate stresses on the power grid in theMid-Atlantic region this summer, the PJM Interconnection LLC hasinitiated a pilot program under which it will pay electriccustomers to reduce their consumption during emergency situations.
July 12, 2000
Apache Pays $300 M for Properties in Texas
Living up to a commitment to make 2000 the “year of the drillbit,” Apache Corp. said last week it will acquire long-livedproducing properties in the Permian Basin and South Texas for morethan $300 million in a definitive agreement with Collins & WareInc., based in Midland, TX.
June 19, 2000
Apache Pays $300 M for Properties in Texas
Living up to a commitment to make 2000 the “year of the drillbit,” Apache Corp. said yesterday it will acquire long-livedproducing properties in the Permian Basin and South Texas for morethan $300 million in a definitive agreement with Collins & WareInc., based in Midland, TX.
June 15, 2000
Cabot’s E&P Effort in South LA Pays Off
The chairman and CEO of Houston-based Cabot Oil & Gas Corp.yesterday said his company had added “credibility to our southLouisiana exploration effort” by successfully completing its firstoperated exploration well on the Continental Land & Fur(CL&F) acreage in Terrebonne Parish, LA. Ray Seegmiller praisedthe success of the well, located on Cabot’s Augen prospect. TheCL&F No. 58-2 well drilled to a total depth of 13,100 feet andcompleted in 63 net feet of Bourg Sand. “We knew when we started2000 our drilling program in the Gulf Coast had significantpotential as evidenced by this most recent discovery,” Seegmillersaid.
June 6, 2000
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