Samson Growing Through Acquisitions

Samson Investment Co. of Tulsa, OK, completed its acquisitionfrom Nuevo Energy Co. of gas properties in East Texas. The totalpurchase price was $192 million. In addition to existingproduction, the properties contain more than 135 drillinglocations. The closing follows Samson Resources’ December closings,which included the acquisition of properties in six states fromDuer Wagner & Co. for $41 million and the acquisition ofcertain properties in the Homeglen-Rimbey and Westerose areas ofAlberta, Canada from Chevron Canada Resources for $9 million bySamson Canada Ltd.

January 13, 1999

American Gas Storage Survey

Natural Gas Intelligence the weekly gas market newsletter

January 4, 1999

ScottishPower Buying PacifiCorp for $7.9 B

Despite losing to Texas Utilities in an attempt to acquireBritish power giant The Energy Group earlier this year, PacifiCorpshowed yesterday it has not lost its taste for things British. Thistime, however, it’s on the other end of a merger deal. The companyagreed to a friendly takeover by ScottishPower, Scotland’s largestelectric utility, for an estimated $7.9 billion in stock.ScottishPower also will assume PacifiCorp’s $4.9 billion debt.

December 8, 1998

PG&E Still Fighting TX Franchise Fee Case

PG&E Gas Transmission Texas (PG&E GT-T), a subsidiary ofPG&E Corp., said it will appeal a judgment handed down lastweek in the 92nd district court in Hildalgo County, TX, regardingfranchise fees, even though the judge reduced the August 1998 juryverdict.

December 8, 1998


Call For Papers

September 14, 1998

Tetco Settlement Gets Nod at FERC

FERC has given the go-ahead to a major settlement that attemptsto resolve the looming decontracting problem on Texas EasternTransmission’s (Tetco) system while offering a significant ratereduction to its customers.

September 3, 1998

Mitchell Settles Remaining TX Suits

Mitchell Energy & Development agreed to settle the lastremaining 25 North Texas groundwater lawsuits brought against acompany subsidiary. Plaintiffs alleged in the suits that Mitchell’soil and gas operations in Wise County, TX, affected theirgroundwater.

September 3, 1998

Tennessee Plans New Tetco Connect

El Paso Energy’s Tennessee Gas Pipeline (TGP) plans a newinterconnect in Casey County, KY, to deliver an additional 200MMcf/d of gas into Texas Eastern Transmission (Tetco) to servemarkets in parts of Kentucky and southern Ohio. The interconnect isexpected to be in service by Nov. 1. Tennessee plans to acceptnominations at the new point for November 1998 gas flow.

September 1, 1998

Air Force Hires Sempra for Savings

CES/Way International was selected by Vandenberg Air Force Basein California and Goodfellow Air Force Base in Texas to provideenergy conservation measures that could yield nearly 20% savings onutility bills. The subsidiary of Sempra Energy Solutions of LosAngeles, is one of 11 energy services companies that werepre-qualified last year under the Department of Defense (DOD)program to implement energy conservation projects in 46 states,Washington, D.C., and Puerto Rico. With a total of up to $1.1billion in potential contracts, CES/Way and the other energycompanies can receive project awards of up to $150 million eachthrough the program. Among the other pre-qualifiers are Honeywell,Johnson Controls, Duke Energy, and Xenergy.

May 19, 1998

Market Ends Week Quietly with Little Change

Pricing was “pretty much the same as it was yesterday,” said aSouth Texas producer Friday reporting flat numbers in the low$2.10s. Most points traded flat to 2-3 cents up or down, with a tadmore downside than upside. Several sources agreed it was a quietand essentially featureless market. A big aggregator called it”mostly a dead day; there seemed to be a lot of people out of theoffice.”

May 18, 1998