Unused

Alaska’s ENSTAR Natural Gas Co. is resorting to a previously unused tariff provision to secure gas supplies to cover what would be a 2.1 Bcf shortfall this year and a potential 9 Bcf shortfall in 2010. Meanwhile, contract talks between Anchorage-based Chugach Electric Association, the state’s largest electric utility, and a trio of Cook Inlet gas producers are at a stalemate over how supplies should be priced.

FERC has refused to stay an order convening a settlement conference on refunds of unused funds that Tennessee Gas Pipeline collected to remediate hazardous contamination on its system.

With more than $1 billion of cash on hand, $3 billion in unused credit lines and a 13% debt-to-capitalization rate, Devon Energy Corp. will use the “opportunity to acquire some quality assets at quality prices,” CEO G. Larry Nichols said last week.

With more than $1 billion of cash on hand, $3 billion in unused credit lines and a 13% debt-to-capitalization rate, Devon Energy Corp. is using the “opportunity to acquire some quality assets at quality prices,” CEO G. Larry Nichols said Wednesday.

Dynegy Inc. blew away analysts’ forecasts on Wednesday, reversing a year-ago second quarter loss on the strength in its power generation and natural gas liquids (NGL) businesses. The Houston-based company, which had teetered toward bankruptcy two years ago, also improved its full-year outlook by settling four natural gas transportation contracts.

Exploration and production (E&P) spending in 2003 is likely to be at least 20% higher than it was in 2002 because natural gas prices will generate substantially larger amounts of free cash flow, according to the latest “Stat Of the Week” by Raymond James Energy analysts.

Exploration and production (E&P) spending in 2003 is likely to be at least 20% higher than it was in 2002 because natural gas prices will generate substantially larger amounts of free cash flow, according to the latest “Stat Of the Week” by Raymond James Energy analysts.