Replace

A report developed for the Natural Resources Defense Council (NRDC) released Monday contends that stepped up energy efficiency programs can replace the need for expanding natural gas drilling offshore and in what the environmental group considers pristine parts of the Rocky Mountains. NRDC is worried about various areas in the West that are viewed as attractive for gas exploration.

According to the American Gas Association (AGA), predictions of a declining natural gas reserve base are premature. However, the industry is working harder to replace reserves. And most notably, onshore unconventional resources are being relied upon more heavily, and that is having consequences for gas production.

The Energy Information Agency (EIA) has published its first “new” monthly natural gas production report, designed to eventually replace its current data series, which covers domestic gross withdrawals from wells for January through July 2005. Using the new method, nearly all of EIA’s data reports showed higher withdrawal rates compared with its traditional data collection method.

The Alaska Gasline Port Authority (AGPA), in the latest bid to get natural gas from Alaska to market, says it has another buyer to replace Sempra Energy and has offered to take the state’s royalty gas off its hands. The Port Authority plan is to build an 800-mile, 3 Bcf/d intrastate pipeline from the North Slope to Valdez, where the gas would be liquefied and shipped to the West Coast of the Lower 48.

Dynegy Inc. plans to launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

Dynegy Inc. will launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

Rep. W.J. “Billy” Tauzin (R-LA) informed the House leadership last Tuesday that he will retire from Congress by the close of the year, ending his nearly 24-year career on Capitol Hill, and will relinquish his position as chairman of the powerful House Energy and Commerce Committee effective Feb. 16.

Rep. W.J. “Billy” Tauzin (R-LA) informed the House leadership Tuesday that he will retire from Congress by the close of the year, ending his nearly 24-year career on Capitol Hill, and will relinquish his position as chairman of the powerful House Energy and Commerce Committee effective Feb. 16.

CMS Energy Corp. said Monday that Thomas J. Webb, former CFO for Kellogg Co., will replace CFO Alan M Wright, who has been with the company since 1991. At the same time CMS announced a definitive agreement to sell almost all of its remaining oil and gas reserves in the Permian Basin of West Texas, as well as assets in Africa and South America, to privately held Perenco SA and its affiliated companies, which are based in France.