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.
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Devon Does It All: Stock Split, Buyback, Property Divestiture, Move to NYSE
Devon Energy Corp. Monday announced a series of financial moves, including divestiture of some of its North American oil and gas reserves, a two-for-one stock split, a buyback of up to 10% of its stock and a move from the American to the New York Stock Exchange.
September 28, 2004
Futures Tick Higher to Give Bulls Glimmer of Hope
Breaking a five-session series of lower-lows and lower-highs, the natural gas futures market turned tentatively higher Wednesday as continued and steady end-user buying was enough to meet fund and commercial selling. Modest gains were seen throughout the six-year strip at Nymex and the September contract eked out a 0.9-cent advance to close Wednesday at $5.382.
August 19, 2004
Moody’s: U.S. Gas Demand Likely to Rise Sharply in Next Decade
After increasing only marginally for the past several years, U.S. demand for natural gas is “likely to rise sharply in the next 10 years” as a series of gas-fired power plants come on line, according to Moody’s Investors Service.
December 22, 2003
Moody’s: U.S. Gas Demand Likely to Rise Sharply in Next Decade
After increasing only marginally for the past several years, U.S. demand for natural gas is “likely to rise sharply in the next 10 years” as a series of gas-fired power plants come on line, according to Moody’s Investors Service.
December 18, 2003
Final Report Suggests Wider Circle Responsible for Enron’s Demise
The last in a series of reports by Enron Corp.’s bankruptcy examiner said that even if they aren’t legally culpable, former Chairman Kenneth Lay and former CEO Jeffrey Skilling “breached their fiduciary duties” and may be liable for repaying millions of dollars to the company.
December 1, 2003
Idaho Power Settles FERC Gaming Charge
Marking the latest in a series of similar settlements recently reached between power companies and FERC staff, Idaho Power Co. has agreed to pay $83,373 under a proposed agreement filed with FERC trial staff on Thursday. The deal is aimed at resolving allegations that Idaho Power attempted to manipulate the California energy market in 2000-2001.
October 20, 2003
FERC ‘State of Gas Market’ Conference to Focus on NPC Supply/Demand Report
The Federal Energy Regulatory Commission’s conference on the “State of the Gas Market,” which has been set for Oct. 14, will focus on the series of findings and recommendations made by the National Petroleum Council (NPC) in its high-profile report on natural gas supply and demand issues.
September 29, 2003
FERC ‘State of Gas Market’ Conference to Focus on NPC Supply/Demand Report
The Federal Energy Regulatory Commission’s conference on the “State of the Gas Market,” which has been set for Oct. 14, will focus on the series of findings and recommendations made by the National Petroleum Council (NPC) in its high-profile report on natural gas supply and demand issues.
September 26, 2003
Entergy Exec: Regulatory Actions Slow Power Procurement Efforts
A recent decision by FERC to set for hearing a series of power purchase agreements (PPAs) filed by Entergy Services Inc. and various affiliates will have an effect on how quickly the company can “get through” all of the various power supply acquisitions that the utility is considering, a top executive with Entergy Corp. acknowledged last Monday.
August 4, 2003
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