The Department of Interior (DOI) said it plans to repeal recent amendments to federal energy valuation rules as part of the Trump administration’s plans to target red tape and regulatory costs.
Valuation
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Here’s The SCOOP: Continental Uncovers New Play in Old Field
Continental Resources Inc. disclosed Tuesday that it has begun reworking a legacy shale play in south-central Oklahoma geographically similar to the Bakken, Marcellus and Eagle Ford shales that could add 1.8 million boe to its reserves in the next few years.
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Calpine announced two new members of its senior management team. The company has named James Brown as senior vice president for commodity structuring and valuation and Jeffrey Kinneman as senior vice president for structured finance, strategy and restructuring. Kinneman joins the company from Texas Genco, which recently was acquired by NRG Energy. At Texas Genco he was acting chief risk officer and director of credit and risk management. Brown returns to Calpine, having previously served as vice president-structuring.
Crosstex Earnings Surge 71% Despite Hurricane Impact
The Dallas-based Crosstex Energy LP on Friday reported 4Q2005 earnings surged 71%, boosted by a $2.3 million gain from mark-to-market valuation of derivatives bought to hedge against price changes from its South Louisiana processing business.