Producer

Evergreen Resources, the largest producer in the Raton Basin ofColorado, got a lot larger last week. The company bought 153 Bcf ofcoal-bed methane reserves in the basin from a subsidiary of KansasCity Power & Light for $176 million, or about $1.15/Mcf.

“Justice has been delayed far too long,” producer/shippers saidin petitioning FERC last week for expedited resolution of theircomplaint against “El Paso’s unjust and unreasonable pro ratacapacity allocation and scheduling procedures.”

“Justice has been delayed far too long,” producer/shippers saidin petitioning FERC yesterday for expedited resolution of theircomplaint against “El Paso’s unjust and unreasonable pro ratacapacity allocation and scheduling procedures.”

Evergreen Resources, the largest producer in the Raton Basin ofColorado, got a lot larger yesterday. The company bought 153 Bcf ofcoal-bed methane reserves in the basin from a subsidiary of KansasCity Power & Light for $176 million, or about $1.15/Mcf.

Following through on its intention to sell the company, independent power producer Sithe Energies last week sold 49.9% of its North American businesses to Philadelphia-based PECO Energy Co. for $682 million, with an option by PECO to purchase the rest of the company within five years.

Following through on its intention to sell the company,independent power producer Sithe Energies yesterday sold 49.9% ofits North American businesses to Philadelphia-based PECO Energy Co.for $682 million, with an option by PECO to purchase the rest ofthe company within five years.

Usource LLC, a subsidiary of Unitil Corp., said yesterday thatSpecial Metals Corp., the world’s leading producer ofhigh-performance nickel-based alloys, has chosen to purchase its3.3 Bcf/year of natural gas for facilities in New Hartford andDunkirk, NY, Huntington, WV, and Burnough, KY, throughUsourceonline.com.

Denver-based Forest Oil Corp. has agreed to purchase another independent producer, Forcenergy Inc., for $615 million in stock, a move that is expected to significantly boost the new company’s operations in the Gulf of Mexico, Alaska and Canada.

Denver-based Forest Oil Corp. has agreed to purchase anotherindependent producer, Forcenergy Inc., for $615 million in stock, amove that is expected to significantly boost the new company’soperations in the Gulf of Mexico, Alaska and Canada.