Separately

Haynesville’s Texas Wells Showing Strong IP Rates

Three independents this week separately announced strong initial production (IP) rates from natural gas wells that were drilled horizontally on the Texas side of the Haynesville Shale.

June 5, 2009

Petrohawk, EXCO Report ‘Monster’ Wells In Haynesville Shale

Petrohawk Energy Corp. and EXCO Resources Inc. separately last week reported ramping up two “monster” natural gas wells in the Haynesville Shale in northwestern Louisiana. The results parallel reports by several other operators in the play.

December 15, 2008

Petrohawk, EXCO Report ‘Monster’ Wells In Haynesville Shale

Petrohawk Energy Corp. and EXCO Resources Inc. separately on Tuesday reported ramping up two “monster” natural gas wells in the Haynesville Shale in northwestern Louisiana.

December 10, 2008

FERC Asked Not to Stay North Baja Expansion

North Baja Pipeline and Coral Energy Resources LP separately have asked FERC to deny the South Coast Air Quality Management District’s request for a limited stay of the agency’s order approving a proposed expansion of North Baja’s system to import regasified liquefied natural gas (LNG).

December 3, 2007

FERC Asked Not to Stay North Baja Expansion

North Baja Pipeline and Coral Energy Resources LP separately have asked FERC to deny the South Coast Air Quality Management District’s request for a limited stay of the agency’s order approving a proposed expansion of North Baja’s system to import regasified liquefied natural gas (LNG).

November 30, 2007

Producers, Pipes and Industrial Customers Sour on House Energy Bill

A broad energy policy reform bill and tax package are scheduled to come to the House floor Friday to be debated and voted on separately. The House leadership has made some changes to the contentious policy measure to win over Democrats from producing states, but producers, pipelines and large industrial customers say the revisions have not changed their minds one iota — they still oppose it. Some say the changes have made a bad bill even worse.

August 2, 2007

Industry Brief

Forest Oil Corp. and The Houston Exploration Co. (THX) stockholders separately have approved a merger agreement between the two companies (see Daily GPI, Jan. 9). On a pro forma basis, the acquisition will give Forest a total estimated proved reserves base of 2.0 Tcfe, of which about 69% would be classified as proved developed and approximately 70% would be natural gas. Denver-based Forest management and its board of directors will continue in their current positions, and it is anticipated that Forest will create a new business unit to be located in Houston. Under the terms of the agreement, THX stockholders will receive total consideration equal to 0.84 shares of Forest common stock and $26.25 in cash for each outstanding share of THX common stock, which represents $60.02/share to be received by THX stockholders based on the average closing price of Forest shares during the 10-day valuation period specified in the merger agreement. About 18.5 million of THX outstanding total shares, or 65.2%, voted to approve the transaction. Following the closing, Forest stockholders will own 73% of the combined company; THX stockholders will own 27%.

June 6, 2007

FERC OKs KeySpan-National Grid, NorthWestern-Babcock Deals

FERC last Thursday approved the merger of KeySpan Corp. and London-based National Grid. Separately, the Commission approved NorthWestern Corp.’s merger with Babcock & Brown Infrastructure Ltd. (BBI), a company based in Sydney, Australia.

October 23, 2006

CA Attorney General, et al., File Objections to Sempra Class Action Settlement

California’s attorney general and other branches of state government separately filed objections Thursday to the Sempra Energy settlement announced last week. The AG, Department of Water Resources (DWR) and Electricity Oversight Board each filed complaints with San Diego Superior Court Judge Ronald S. Prager, who is hearing a major class action lawsuit against Sempra that last week’s agreement has halted (see Daily GPI, Jan. 6).

January 17, 2006

El Paso, SoCal Gas, CPUC Defend Recontracting of El Paso San Juan-to-CA Capacity

El Paso Natural Gas, Southern California Gas and the California Public Utilities Commission (CPUC) responded separately, defending against shipper protests to a precedent agreement between El Paso and SoCal Gas that was filed on March 1. The agreement covers recontracting under six new firm transportation service agreements (TSA) for an average throughput of 750 MMcf/d on El Paso mainly from the San Juan Basin to California border delivery points.

March 28, 2005