Virginia

FERC Hands Pipeline Certificates to Georgia Strait, Sonat, Northwest, Others

FERC was dealing out pipeline certificates like cards at a Black Jack table last Wednesday at its regular agenda meeting. Recipients included the Georgia Strait Crossing pipeline, Northwest Pipeline for a mainline expansion, Southern Natural for its South System II expansion, South Carolina Pipeline for a new line to the Elba Island LNG terminal, Millennium Pipeline (see separate story), two projects designed to serve Long Island (see separate story), and to Northern Natural Gas for compression expansion in Nebraska. Kinder Morgan Texas also won a presidential permit for a border crossing project.

September 23, 2002

SEC Lands Hard on Ex-Trans Energy Execs for ‘False Statements’

More than a year after West Virginia-based Trans Energy was working to dispel bankruptcy rumors (see Daily GPI, Dec. 29, 2000), the Securities and Exchange Commission (SEC) has fined the company’s former president and CEO, Loren E. Bagley, and its former vice president and CFO, William F. Woodburn, $20,000 apiece for making false and misleading statements to its investors, including statements about its Chapter 7 bankruptcy.

March 4, 2002

SEC Lands Hard on Ex-Trans Energy Execs for ‘False Statements’

More than a year after West Virginia-based Trans Energy was working to dispel bankruptcy rumors, the Securities and Exchange Commission (SEC) has fined the company’s former president and CEO, Loren E. Bagley, and its former vice president and CFO, William F. Woodburn, $20,000 apiece for making false and misleading statements to its investors, including statements about its Chapter 7 bankruptcy.

March 4, 2002

Industry briefs

Penn Virginia Corp., headquartered in Radnor, PA, has retainedWaterous & Co. to assist with the potential sale of a portionof the company’s Appalachia oil and gas properties. The properties,with an estimated 70 Bcfe of proved reserves are 97% natural gas.Current net production from the properties is 7 MMcf/d. A data roomto review detailed property information is expected to open inHouston later this month. More information is available atwww.waterous.com.

September 18, 2000

Report Focuses on Strong Summer Gas Prices

In its recent report on the future of natural gas prices,Friedman, Billings, Ramsey & Co., Inc. (FBR), a Virginia-basedfinancial institution, predicted continued price increases throughthe summer, giving way to price moderation over the long-term. Thereport, titled “The Boom in the Natural Gas Markets — Fact orFiction?” was released earlier this month.

March 16, 2000

People

Virginia Gas Co. announced that Glenn Rogers has accepted theposition of chairman of the board of directors. Rogers served onthe board of directors since June 1998.

May 12, 1999
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