Enron’s devastation has spread through the industry like the plague with many of the top gas marketers teetering on the edge of extinction in the third quarter. Some chose not to provide volume information to NGI out of what one analyst called “justifiable paranoia” over releasing any data in this time of extreme scrutiny by regulators and credit rating agencies. Meanwhile, others began to show steep declines in volumes that will surely grow exponentially next year.
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Articles from Ranks
EnergyClear Offers Membership Plan for Credit-Risky Traders
With more and more energy trading companies joining the ranks of their credit-troubled counterparts in the industry, Houston-based EnergyClear Corp., the first independent U.S. energy clearinghouse registered with the Commodity Futures Trading Commission, said Thursday it has established a new category of membership for merchant energy trading companies facing credit rating downgrades.
November 25, 2002
EnergyClear Offers Membership Plan for Credit-Risky Traders
With more and more energy trading companies joining the ranks of their credit-troubled counterparts in the industry, Houston-based EnergyClear Corp., the first independent U.S. energy clearinghouse registered with the Commodity Futures Trading Commission, said Thursday it has established a new category of membership for merchant energy trading companies facing credit rating downgrades.
November 22, 2002
El Paso, Duke Energy Subpoenaed in Grand Jury Investigation
El Paso Corp. and Duke Energy late last week joined the ranks of energy companies receiving subpoenas from federal authorities seeking information on questionable trading activities. Both companies received subpoenas from the U.S. Attorney’s Office in Houston regarding a grand jury investigation, and Duke Energy was handed a subpoena by the Commodity Futures Trading Commission (CFTC) as well.
October 28, 2002
Fitch: Prices Stay Low into 2003
Fitch, the investment ratings and analysis firm, has joined the ranks of investment advisors with lowered expectations for the upstream natural gas and oil business, predicting stagnant prices through 2002 and into 2003.
October 15, 2001
Fitch: Prices Stay Low into 2003
Fitch, the investment ratings and analysis firm, has joined the ranks of investment advisors with lowered expectations for the upstream natural gas and oil business, predicting stagnant prices through 2002 and into 2003.
October 10, 2001
Brownell Joins FERC to Complete Commission
Former Pennsylvania regulator Nora Mead Brownell was sworn in as a FERC commissioner last Tuesday, filling out the ranks of the five-member federal agency. Brownell attended Wednesday’s regular open FERC meeting, but did not vote.
June 18, 2001
Brownell Joins FERC to Complete Commission
Former Pennsylvania regulator Nora Mead Brownell was sworn in as a FERC commissioner yesterday, filling out the ranks of the five-member federal agency. Brownell will be attending today’s regular open FERC meeting, although she has said she will not be voting.
June 13, 2001
TradeSpark Acquires TCT, Opens Houston Office
Eight months after its inception, TradeSpark continues to climb the ranks of online exchanges, announcing late last week that it has purchased TCT Natural Gas Inc., a Houston natural gas brokerage house, and opened a TradeSpark office in Houston. The company said the new division will give the New York-based energy marketplace a stronghold in the Houston area and immediate gas options trading capabilities.
April 23, 2001
Shell Settles Royalty Suit for $56 Million
Shell Oil joined the ranks Thursday of major producers who havesettled sizeable royalty disputes with the Department of Justice.The company has agreed to pay the U.S. $56 million to settle claimsthat it underpaid royalties on natural gas produced on Federalleases.
October 2, 2000
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