Resulting

Transportation Notes

Florida Gas Transmission said a Zone 1 constraint resulting fromhydrostatic testing immediately downstream of Station 4 in MatagordaCounty, TX will be completed by Thursday and it is accepting all Zone1 nominations for that gas day. The maintenance period, which beganOct. 20, 2000 and was originally scheduled to end Dec. 1, 2000, wasextended several times (see Daily GPI, Jan.24).

February 7, 2001

MCN Margins Fall, Customers Default

Unseasonally high natural gas prices have narrowed margins andcaused defaults by unhedged marketer customers, resulting in a$24.4 million second quarter loss for MCN Energy Group’s energymarketing division.

August 21, 2000

MCN Margins Fall, Customers Default

Unseasonally high natural gas prices have narrowed margins andcaused defaults by unhedged marketer customers, resulting in a$24.4 million second quarter loss for MCN Energy Group’s energymarketing division.

August 16, 2000

Merchant Power Rules, Prices to Keep Changing

The right price signals and eventual resulting technologicaladvances are going to be needed to stimulate the number of naturalgas-fired merchant power plants needed over the next 10 years tosatisfy the projected growth in energy requirements, according to aReliant Energy executive. However, actions on both coasts(California and New York) have cast doubts on whether sufficientincentives will fully develop.

April 13, 2000

Western, KCPL Agree With KCC Staff

Western Resources of Topeka, KS, said a stipulation andagreement had been reached with the Kansas Corporation Commission(KCC) staff, resulting in a proposed set of recommendations forsettlement in the company’s merger with Kansas City Power &Light. The agreement has been filed with the KCC. The City ofTopeka has agreed to, and the International Brotherhood ofElectrical Workers local 304 support the recommendations andstipulations. They include:

May 7, 1999

Vastar: Producing More, Earning Less

Despite record fourth-quarter production, Vastar Resourcesreported 1998 earnings that were down 43% from the previous year.Last year’s earnings were $136.4 million, compared to $240.5million in 1997.

January 21, 1999

EOG Reserve Replacement Exceeds 375%

Enron Oil & Gas Co. said it expects 1998 all-sources netproved reserve additions of more than 1.6 Tcfe, resulting in areserve replacement ratio greater than 375%. The company’s 1998production is estimated to be 420 Bcfe, and 1998 average unitfinding cost is anticipated to be below 50 cents/Mcfe. Of thereserves added in 1998, about 800 Bcfe were added in Trinidad,300Bcfe in India and 500 Bcfe in North America.

January 11, 1999

Gas Lines Beset by Ruptures, Explosions

The last couple of weeks have seen a number of mishaps involvingnatural gas lines, one of them resulting in fatalities.

December 21, 1998
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