Dry natural gas drilling is coming to a standstill, but BP plc is “looking to see if it might expand” in the liquids-rich Utica Shale after securing a leasehold earlier this year, CEO Bob Dudley said Tuesday.
Prudently
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Billionaire Buffett’s Energy Play Stays Utility-Focused, S&P Says
Billionaire Warren Buffett’s venture into the energy utility business continues its focus on the lower-risk, steadier rewards inherent in prudently operated public utilities while passing on his Midas touch to a growing stable of companies, including PacifiCorp, Northern Natural Gas Co. and MidAmerican Energy Co., according to Standard & Poor’s Ratings Services (S&P).
November 2, 2007