Twenty groups representing large natural gas consumers and small municipal users Monday called on Sen. Jeff Bingaman (D-NM) to back legislation that would reform Section 5 of the Natural Gas Act (NGA), making customers eligible for rate refunds from the date that they file a complaint at FERC.
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Legacy Rockies Gas Plays ‘Still to be Found,’ Industry Veterans Say
Twenty years ago, when the Colorado Oil & Gas Association (COGA) welcomed the energy industry to its first trade show in Denver, projected recoverable natural gas resources in the Rocky Mountains were estimated at around 100 Tcf. Today the Rockies hold estimated proved reserves of around 87 Tcf and a remaining recoverable potential of 228 Tcf, but as industry veterans noted Thursday, nobody yet knows the true size and nature of the gas potential.
Legacy Rockies Gas Plays ‘Still to be Found,’ Industry Veterans Say
Twenty years ago, when the Colorado Oil & Gas Association (COGA) welcomed the energy industry to its first trade show in Denver, projected recoverable natural gas resources in the Rocky Mountains were estimated at around 100 Tcf. Today the Rockies hold estimated proved reserves of around 87 Tcf and a remaining recoverable potential of 228 Tcf, but as industry veterans noted Thursday, nobody yet knows the true size and nature of the gas potential.
FL Lawmakers Vow to Oppose Spending Bill if OCS Proposal Stays
Twenty members of the House Florida delegation have written a letter to House Speaker Dennis Hastert (R-IL) threatening to vote against a fiscal year 2007 Interior Department spending bill if a controversial proposal repealing the congressional ban on natural gas drilling on much of the Outer Continental Shelf (OCS) is not removed from the measure.
Gulf Hurricanes Heading West, Says Bastardi
Twenty or 30 years from now, Hurricane Katrina may be remembered as a “warning shot” for hurricane activity to come, Joe Bastardi, AccuWeather senior forecaster, told a Houston audience Tuesday.
EIA: Major Energy Firms’ Earnings Shot Up in Fourth Quarter, 2003 on Higher Prices
Twenty-four major energy companies operating in the U.S. reported “significantly higher” overall corporate net income for the fourth quarter of 2003 and for the entire year compared to 2002, due mostly to higher oil and natural gas prices, according to a new report from the Energy Information Administration (EIA).
EIA: Major Energy Firms’ Earnings Shot Up in Fourth Quarter, 2003 on Higher Prices
Twenty-four major energy companies operating in the U.S. reported “significantly higher” overall corporate net income for the fourth quarter of 2003 and for the entire year compared to 2002, due mostly to higher oil and natural gas prices, according to a new report from the Energy Information Administration (EIA).
EIA Tells Congress Energy Companies Had Rough Ride in 2002
Twenty-eight major energy companies reported that their net earnings were nearly cut in half to $20.6 billion in fiscal 2002 due to supply-induced lower prices for natural gas and crude oil and the collapse of the energy trading business that year, according to the Energy Information Administration’s (EIA) annual report to Congress on the industry’s performance.
EIA Tells Congress 2002 Was a Rough Year for Energy Companies
Twenty-eight major energy companies reported that their net profits were nearly cut in half to $20.6 billion in fiscal 2002 due to supply-induced lower prices for natural gas and crude oil and the collapse of the energy trading business that year, according to the Energy Information Administration’s (EIA) annual report to Congress on the industry’s performance. In a nutshell, it was a rough year.
Wood, Brownell Asked to Recuse Themselves from Enron Probe
Twenty six members of the House have called for FERC Chairman Pat Wood and Commissioner Nora M. Brownell to recuse themselves from the Commission’s ongoing probe into Enron Corp.’s role in the potential price manipulation of energy markets in the West, citing their past connections to the company’s top officer.