Strategic

Meridian Resource Corp. announced last week its intentions tosell certain non-strategic oil and gas properties located in SouthLouisiana, Southeast Texas and offshore Louisiana.

SRS (Strategic Resource Solutions Corp.), a subsidiary ofCarolina Power & Light has announced the launch of a newInternet-based system that helps clients improve facility controland reduce operating costs. SiteNetT Command Center, the latestweb-based solution from SRS, enables clients to integrate multiplesites for centralized energy and facility management. Based onInternet and Intranet standards, SiteNet Command Center integratesmultiple facility systems through a Single Window(SM) forcentralized navigation, monitoring and control of facility andenergy information. Using a standard web browser, clients havereal-time access to their facility solutions, ranging from buildingcontrol systems to energy, maintenance and asset managementsystems. SiteNet Command Center is an integrated tool formonitoring and managing maintenance, operations and energy costs,as well as preparing for energy negotiations in a deregulatedutility market.

CTG Resources Inc., parent of Connecticut Natural Gas, announcedit has retained Paine Webber Inc. to advise it on strategicalternatives to maximize shareholder value, including the potentialsale of the company and acquisitions of nonregulated enterprises toexpand the company’s district heating and cooling activities.

CTG Resources Inc., parent of Connecticut Natural Gas, announcedit has retained Paine Webber Inc. to advise it on strategicalternatives to maximize shareholder value, including the potentialsale of the company and acquisitions of nonregulated enterprises toexpand the company’s district heating and cooling activities.

Conectiv, a Mid-Atlantic electric and gas utility, announcedsweeping changes in its strategic focus earlier this week, but didnot alter its plan for gas operations. Conectiv said the changeswere made due to a clearing regulatory picture in the areas itserves.

With the amount of capital driving today’s energy companies,Statoil Energy recently announced it is searching for a partner tobolster its resource base. A spokesman for the Virginia-basedenergy marketer said the process is moving quickly and the companyhopes to find a partner by the end of the year.

With the amount of capital driving today’s energy companies,Statoil Energy recently announced it is searching for a partner tobolster its resource base. A spokesman for the Virginia-basedenergy marketer said the process is moving quickly and the companyhopes to have found a partner by the end of the year.

Western Resources of Topeka, KS, acquired a 40% interest innational direct marketer Paradigm Direct for $31.2 million. “Thisstrategic transaction provides an excellent opportunity to bridgeour customer bases. Over the past few years we set a course todramatically expand Western Resources’ national footprint. WithParadigm’s marketing expertise, we are positioned to increase theservices we provide these customers and do so efficiently,” saidDavid C. Wittig, Western Resources CEO.

Midland, TX-based Costilla Energy Inc. and ONEOK Inc. formed astrategic alliance to capitalize on properties Costilla plans toacquire from Pioneer Natural Resources Co. as well as otherpotential transactions. Tulsa, OK-based ONEOK will participate inCostilla’s previously announced $335 million acquisition of oil andgas properties from Pioneer (assuming it is successful) through anequity investment in Costilla preferred stock.