Shot

Fort Worth-based XTO Energy Inc.’s proven oil and natural gas reserves shot up 40% year-over-year in 2004, to a record 5.86 Tcfe from 4.185 Tcfe in 2003. XTO said it added 2.047 Tcfe at a cost of $1.26/Mcfe, replacing 551% of production in 2004.

Fort Worth-based XTO Energy Inc.’s proven oil and natural gas reserves shot up 40% year-over-year in 2004, to a record 5.86 Tcfe from 4.185 Tcfe in 2003. XTO said it added 2.047 Tcfe at a cost of $1.26/Mcfe, replacing 551% of production in 2004.

The California state senator who led two years of investigation of the wholesale energy market meltdown in the state Wednesday fired a shot at Sempra Energy’s trading operation, alleging it lied to his special legislative committee in 2002 and saying he was referring his allegations to the Sacramento County district attorney.

The California state senator who led two years of investigation of the wholesale energy market meltdown in the state Wednesday fired a shot at Sempra Energy’s trading operation, alleging it lied to his special legislative committee in 2002 and saying he was referring his allegations to the Sacramento County district attorney.

Weekend prices shot up as high as a little more than 40 cents (Transco Zone 6-NYC) Friday as traders heeded forecasts of seriously colder weather in several market areas early this week. The previous day’s screen gain of 20.3 cents added to the overall bullishness, a couple of sources said.

Weekend prices shot up as high as a little more than 40 cents (Transco Zone 6-NYC) Friday as traders heeded forecasts of seriously colder weather in several market areas early this week. The previous day’s screen gain of 20.3 cents added to the overall bullishness, a couple of sources said.

Cheniere Energy Inc. stock shot up nearly 45% Tuesday after Total LNG USA Inc. and an affiliate of ChevronTexaco Global Gas reported they signed separate 20-year agreements with Cheniere subsidiary, Sabine Pass LNG LP, to buy a total of 1.7 Bcf/d of regasification capacity at the company’s proposed liquefied natural gas (LNG) receiving terminal on the Gulf Coast in Cameron Parish, LA.

Cheniere Energy Inc. stock shot up nearly 45% Tuesday after Total LNG USA Inc. and an affiliate of ChevronTexaco Global Gas reported they signed separate 20-year agreements with Cheniere subsidiary, Sabine Pass LNG LP, to buy a total of 1.7 Bcf/d of regasification capacity at the company’s proposed liquefied natural gas (LNG) receiving terminal on the Gulf Coast in Cameron Parish, LA.

Calling the proposal a “repackaged” version of one that FERC shot down last year, a group of producers has urged the Commission to reject a bid by Transcontinental Gas Pipe Line to spin off part of its South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Dallas-based Crosstex CCNG Transmission Ltd.