Reports

Houston-based Burlington resources reported on Monday that its preliminary estimates for first quarter 2001 average daily natural gas production is up by 5% over fourth quarter 2000 levels to 2 Bcf/d. The company attributed the increase primarily to its Canadian operations.

Texas oil and gas well records, production reports, geologicaldata and research information is now available online at the TexasRailroad Commission’s web site (www.rrc.state.tx.us). The serviceswill allow users to browse the history of an estimated 132 millionpages of documents collected for more than one million wells in68,000 oil and gas fields in the state.

Despite high natural gas prices and reports of flat production throughout North America over the last five years, gas-fired electric generation in operation, construction or development reached a new all-time record in the month of March, according to a new report by Energy Ventures Analysis Inc (EVA). With the help of new projects announced within the last three months, gas-fired generation topped 305,000 MW.

Despite high natural gas prices and reports of flat productionthroughout North America over the last five years, gas-firedelectric generation in operation, construction or developmentreached a new all-time record in the month of March, according to anew report by Energy Ventures Analysis Inc (EVA). With the help ofnew projects announced within the last three months, gas-firedgeneration topped 305,000 MW.

Gathering, processing and marketing acquisitions in 1999 and2000 propelled ONEOK, Inc. to 36%, 42% and 44% increases in netincome, earnings per share and operating income respectively lastyear over 1999, the company said in announcing financial resultsTuesday.

Denver-based Western Gas Resources (WGR) reported last week thatits net income for the fourth quarter and end-of-year reachedall-time highs during 2000. The independent diversified natural gascompany posted fourth quarter net income of $18.1 million ($0.47per share), compared to a loss of $1.2 million ($0.12 per share) in1999 for the same time period.

Denver-based Western Gas Resources (WGR) reported yesterday thatits net income for the fourth quarter and end-of-year reachedall-time highs during 2000. The independent diversified natural gascompany posted fourth quarter net income of $18.1 million ($0.47per share), compared to a loss of $1.2 million ($0.12 per share) in1999 for the same time period.

Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal last week thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility this week.The Journal reported the deal would be announced within a few days.

Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal yesterday thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility next week.The Journal reported the deal would be announced within a few days.