Substantial

Enron Corp.’s substantial natural gas pipeline assets are one step closer to becoming the property of CCE Holdings LLC, after the bankruptcy court overseeing Enron’s case approved the transaction on Friday. CCE Holdings is a joint venture between Southern Union Co. and GE Commercial Finance’s Energy Financial Services.

FERC recently issued an order conditionally accepting an offer of settlement previously filed by Oklahoma Gas & Electric Co. (OG&E), clearing the way for the utility to move forward with its efforts to buy a majority stake in an Oklahoma power plant from NRG McClain.

The swing market achieved a fairly substantial recovery Monday from weekend softness. Advances ranged from about a nickel at a couple of South Texas points to more than 30 cents in the Southwest basins. Most were in double digits between a dime and a quarter.

For the first time in many years, the current land rig up-cycle has not led to an exponential increase in land dayrates, offering substantial upside in stock prices for all U.S. land drillers for the foreseeable future, according to the Raymond James Energy Group’s latest Stat of the Week.

Exxon Mobil Chairman Lee R. Raymond believes there will be a “substantial increase” in natural gas use over the next 20 years, and by 2020, gas will supply about 25% of world energy demand. Much of the demand, he said, will come from liquefied natural gas (LNG), which Exxon believes will grow fourfold from its current levels.

They didn’t make up all the ground lost in Friday’s plunge, but prices did see solid across-the-board rebounds Monday. Sources cited the continuing creep eastward in the northern tier of states of cold weather that had been confined to the West last week as a significant factor, but also mentioned delayed influence from a screen surge Friday and the return of industrial load following a weekend.

Energy companies with substantial nonregulated entities continued their “long, downward slope” through the second quarter of 2003, but now appear to be riding out the storm, according to the latest Standard & Poor’s (S&Ps) Industry Report Card on U.S. electric, natural gas and water companies.

Labrador’s substantial natural gas fields — estimated to hold about one-third of all gas resources on Canada’s East Coast — are beginning to draw renewed interest from oil and gas companies, as technological innovations defeat cold water climates around the world.

Labrador’s substantial natural gas fields — estimated to hold about one-third of all gas resources on Canada’s East Coast — are beginning to draw renewed interest from oil and gas companies, as technological innovations defeat cold water climates around the world.