Said

Pacific Gas and Electric did not extend a high-inventory OFO beyond Thursday.

Ten projects focused on ways to increase U.S. supplies of unconventional natural gas and oil have been selected for partial federal funding, the U.S. Department of Energy (DOE) said Monday.

Stephen J.J. Letwin, who is responsible for Enbridge Inc.’s natural gas operations, said he will retire on Nov. 1. Letwin, who has been a member of Enbridge’s management team for 11 years, currently serves as executive vice president, Gas Transportation & International, for Enbridge Inc. and holds managing director roles at Enbridge Energy Co. Inc., the general partner of Enbridge Energy Partners (EEP), as well as Enbridge Energy Management LLC. Letwin joined Enbridge Inc. as president and COO of Energy Services in 1999. He was responsible for leading the relatively new retail energy services business unit to profitability. Letwin also is responsible for the company’s international business. As managing director of the general partner of EEP, Letwin played a key role in the growth of the company’s natural gas gathering and processing business in the United States.

The Bureau of Land Management (BLM) Utah office said it sold 11 of 12 parcels offered in its latest quarterly oil and natural gas lease sale. The sold parcels total 9,195 acres of federal land administered by BLM’s Vernal, UT, Field Office. During the oral auction BLM received more than $1.25 million in bonus bids for the federal lease rights. In addition to the bonus bids, the sale netted $13,797 in rental fees and $1,595 in administrative fees, for more than $1.26 million in total revenues. Tendy Management LLC of Henderson, NV, submitted the highest total bid per acre at $560 on parcel No. 39, which contains 80 acres. The highest total bid per parcel was by Rosewood Resources Inc. of Dallas for $518,400 on parcel No. 56, which contains 2,160 acres. The average bid per acre sold was $136.10.

Tenaska Inc. co-founder Howard Hawks said he will retire from his role as CEO effective July 1 but will remain chairman of the company and of two affiliated private equity investment companies developed by Tenaska — Tenaska Power Fund LP (TPF I) and TPF II. When Hawks steps down, current Tenaska CFO Jerry Crouse will become CEO and vice chairman with responsibility for holding company assets and activities, and Paul Smith will become vice chairman in addition to his current role as CEO of affiliate Tenaska Capital Management LLC (TCM). Smith is a co-founder of TCM and manager of the TPF I and TPF II private equity funds. Current Tenaska finance vice president and treasurer Greg Van Dyke will be promoted to CFO and treasurer, while current vice president and controller Tim Kudron will become senior vice president and corporate controller. Under Hawks’ leadership since its inception in 1987, Omaha, NE-based Tenaska has developed about 9,000 MW of power generation and currently manages and operates eight power plants totaling 6,700 MW that it owns in partnership with other companies. Tenaska affiliates are involved in natural gas, electricity and biofuels marketing, as well as private equity funds, gas exploration and production and investments in renewable energy.

Questar Corp. has scheduled the spin-off of its exploration and production (E&P) and related businesses for June 30, the company said Monday.

Transco reported finding a leak on its 24-inch diameter mainline in Kleberg County, TX, and said Monday the impacted segment had been isolated to assess damage and determine repair plans. Seven meters in the area have been shut in until further notice.

Transco reported finding a leak on its 24-inch diameter mainline in Kleberg County, TX, and said Monday the impacted segment had been isolated to assess damage and determine repair plans. Seven meters in the area have been shut in until further notice.

ExxonMobil Corp. said it has completed the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig, increasing the company’s ability to produce domestic oil and gas from existing facilities at the Santa Ynez unit, offshore Southern California. The well, drilled from the Heritage platform using the producer’s Fast Drill technology, extends more than six miles horizontally and more than 7,000 feet below sea level. According to ExxonMobil, the well will be able to produce an additional 5.8 million boe, an amount equal to the annual energy consumption of more than 144,000 Californians.