Series

Basking in a series of financial successes, Sempra Energy COO Donald Felsinger said his company cashed in on the big bet it made five years ago on natural gas strategy. Speaking Monday at Bank of America’s annual investment conference in San Francisco, Felsinger said Sempra correctly projected that North American production reached its peak and then it invested accordingly in liquefied natural gas (LNG) terminals, pipelines and storage.

Mexico’s President Vicente Fox this week announced a series of steps that he said will reduce the country’s energy costs as well as its dependence on foreign energy supplies. Among other things, Fox wants to change Mexico’s constitution to allow more private investment in natural gas exploration.

In the latest in a long series of gas market manipulation cases, former Williams trader Brion Scott McKenna, 36, of Houston, TX, pleaded guilty on May 20 to one count of manipulating the price of natural gas in interstate commerce in violation of the Commodity Exchange Act, according to the U.S. Attorney’s Office for the Northern District of California.

In the latest in a long series of gas market manipulation cases, former Williams trader Brion Scott McKenna, 36, of Houston, TX, pleaded guilty on Friday to one count of manipulating the price of natural gas in interstate commerce in violation of the Commodity Exchange Act, according to the U.S. Attorney’s Office for the Northern District of California.

Noting that this winter will end up being the second worst season in the Pacific Northwest in a series of six straight with below-normal water levels, a group of public- and private-sector energy providers in Portland, OR, Thursday collectively urged retail power customers throughout the region to conserve electricity and shift their use to nonpeak demand times this spring and summer.

California regulators Thursday marched through a series of small, unanimous decisions dealing with rates and tariffs of the major energy utilities in the state, headed by the allocation of Southern California Edison Co.’s $9.2 billion revenue requirement to different classes of customers based on a comprehensive settlement agreement with 15 stakeholder groups.

Following up on a series of public workshops, the Minerals Management Service (MMS) has issued a proposal for rules refinements governing the valuation for royalty purposes of gas produced from federal leases and is calling for comments on the proposed amendments affecting future valuation, transportation allowances and definitions and tariffs.

Following up on a series of public workshops, the Minerals Management Service (MMS) has issued a proposal for rules refinements governing the valuation for royalty purposes of gas produced from federal leases and is calling for comments on the proposed amendments affecting future valuation, transportation allowances and definitions and tariffs.

Apache Corp. on Tuesday completed a series of agreements with ExxonMobil Corp. affiliates that are expected to optimize both companies’ oil and natural gas exploration and development programs in North America. Among other things, the agreements hand Apache control over 28 producing oil and gas fields in West Texas and New Mexico and give the independent exploration rights to thousands of undeveloped acres in Alberta.