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California’s attorney general announced Friday the state has made final an amended version of its previously announced $417 million settlement with Tulsa-based Williams Companies regarding a renegotiated 10-year power contract that is reduced by $1.4 billion in terms of the state’s obligations.

A total of 316 leases were awarded to 40 companies in Western Gulf of Mexico lease sale 184, the Minerals Management Service reported Thursday. Valid bids totaled $148.6 million, with five-year leases on shallow-water tracts (in water depths up to 655 feet) attracting the most bids (44%) partly because the MMS now has a royalty relief provision for 20 Bcf of deep gas production (greater than 15,000 feet) in shallow shelf waters.

A total of 316 leases were awarded to 40 companies in Western Gulf of Mexico lease sale 184, the Minerals Management Service reported Thursday. Valid bids totaled $148.6 million, with five-year leases on shallow-water tracts (in water depths up to 655 feet) attracting the most bids (44%) partly because the MMS now has a royalty relief provision for 20 Bcf of deep gas production (greater than 15,000 feet) in shallow shelf waters.

Raymond James analysts tallied third quarter production statistics from 33 companies, representing 49% of total domestic production and found a 0.9% drop in natural gas production from the second quarter and a 6% decline from 3Q2001.

Raymond James analysts tallied third quarter production statistics from 33 companies, representing 49% of total domestic production and found a 0.9% drop in natural gas production from the second quarter and a 6% decline from 3Q2001.

Main Street AC Inc., which has been attempting to acquire up to 4.9% of the outstanding common stock of Aquila Inc., Dynegy Inc., Mirant Corp. and Reliant Resources Inc. (RRI) since August, has extended its tender offer through midnight Oct. 15. As of last Friday, Main Street said it now holds 3.5 million shares of Dynegy; 2.2 million shares of Mirant; 1.2 million shares of RRI and 0.9 million shares of Aquila.

EOG Resources CEO Mark Papa said last week he expects total North American gas production to continue falling through next year because of the decline in drilling and the continuing intrinsic decline rate of existing gas wells.

EOG Resources CEO Mark Papa said Monday he expects total North American gas production to continue falling through next year because of the decline in drilling and the continuing intrinsic decline rate of existing gas wells.

In what the company listed as a “significant” increase to its total natural gas and oil production, Magnum Hunter Resources Inc. said last week that it has participated in three new oil and gas discoveries and commenced production from six additional lease blocks, all located on the Outer Continental Shelf (OCS) of the Gulf of Mexico. The company said initial gross production rates from the six blocks aggregates approximately 97 MMcfe/d, or approximately 22 MMcfe/d net to Magnum Hunter.