Today

Long-ago one of the nation’s centers for oil and natural gas production, Southern California, with today’s historically high oil and natural gas prices, is experiencing a resurgence of reworking some of its old wells, many of which are surrounded by housing and commercial development. Improved technology and the high wholesale prices have given the area’s wells a “new lease on life,” according to a report in Monday’s Los Angeles Times.

The Department of Energy (DOE) today announced a total of $2 million in funding to five research projects that will assess the energy potential, safety, and environmental aspects of methane hydrate exploration and development.

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

A new hurdle popped up in the path of the Mackenzie Gas Project today (Sept. 2) when one of four aboriginal communities along the proposed pipeline route filed a lawsuit demanding seats on the government panel that will conduct the development’s environmental review.

Nearly everyone you talk to in the gas industry today believes there’s a gas supply problem and that gas prices are going to remain high or even continue rising. James Allison, regional risk manager for ConocoPhillips, said he too sees a supply problem and higher prices, but he also said there’s a pretty good chance that everyone is wrong.

Nearly everyone you talk to in the gas industry today believes there’s a gas supply problem and that gas prices are going to remain high or even continue rising. James Allison, regional risk manager for ConocoPhillips, said he too sees a supply problem and higher prices, but he also said there’s a pretty good chance that everyone is wrong.

While market liquidity declined, which corresponded to a decline in use of risk management tools, energy markets managed serious challenges and made marginal improvements during the period spanning from January 2002 through June 2003, according to FERC’s second annual “State of the Energy Markets” report.

While market liquidity declined, which corresponded to a decline in use of risk management tools, energy markets managed serious challenges and made marginal improvements during the period spanning from January 2002 through June 2003, according to FERC’s second annual “State of the Energy Markets” report.