Touts

The American Gas Association (AGA) has called on presidentialhopefuls Al Gore and George W. Bush to focus on developing a”balanced, long-term, market-based energy policy” that wouldprominently feature natural gas.

As it continues to assuage concerned landowners and perhaps keepa positive image in front of regulators, Houston’s Coastal Corp.yesterday touted the benefits of its proposed Gulfstream NaturalGas System LLC affiliate, saying that the Florida pipeline willpump $1.2 billion into the Sunshine state’s economy, most of thatcoming during the construction phase.

Cross Timbers Oil Co. of Fort Worth, TX, proved oil and gasreserves at year-end 1999 were estimated to be a record 2.02 Tcfe,up 23% compared with 1.64 Tcfe at year-end 1998. Cross Timbersadded 852 Bcfe during 1999 at a cost of 70 cents/Mcfe. Afterdeducting reserve sales of 325 Bcfe, the company replaced 527 Bcfeor 367% of 1999 production. The company’s development program,including the effect of revisions, replaced 341 Bcfe or 237% ofproduction at a cost of 28 cents/Mcfe.

As it jiggers its exploration and production portfolio, Texaco,like its brethren among major producers, is turning away from theUnited States and focusing on the international arena. However, thedeep-water Gulf of Mexico still shines like a new diamond, and thecompany also has professed a desire to become more weighted tonatural gas.

As it adjusts its exploration and production portfolio, Texaco,like its brethren among major producers, is turning away from theUnited States and focusing on the international arena. However, thedeep-water Gulf of Mexico still shines like a new diamond, and thecompany also has professed a desire to become more weighted tonatural gas.

BP Amoco released what it called strong fourth quarter 1999results, and CEO John Browne had favorable remarks regarding futurenatural gas prices.

BP Amoco released what it called strong fourth quarter 1999results, and CEO John Browne had favorable remarks regarding futurenatural gas prices.

Texas stands to play a larger role in meeting the nation’sdemand for natural gas, according to one member of the TexasRailroad Commission. After reviewing a report by the NationalPetroleum Council titled “Meeting the Challenges of the Nation’sGrowing Natural Gas Demand,” TRC Commissioner Tony Garza said hesaw opportunities for the state.

Under the “Energize RI” program, Providence Gas Co. (ProvGas)has been awarded $2.45 million by the Rhode Island Public UtilitiesCommission (PUC) for losses attributable to external forces theutility experienced last winter. The original request was grantedby the the PUC’s Division of Public Utilities and Carriers (theDivision) in March but it was subject to PUC approval.