General Interest 2001 P

10/04/2001 -- Gasco, Burlington Resources to develop Green River basin acreage
Gasco Energy Inc. and Burlington Resources Inc. agreed to explore a series of deep natural gas plays in Wyoming's Green River basin.
10/04/2001 -- Toreador Resources, Madison Oil plan to merge by yearend
Toreador Resources Corp. and Madison Oil Co. plan a merger that will create a $100 million company. Toreador will be the surviving entity and will remain in Dallas.
10/04/2001 -- EIA seeks lower winter heating bills, but sees Midwest diesel problems
The US Energy Information Administration warned Thursday the Midwest should expect higher diesel fuel prices this winter. The prediction was the only negative news in the agency's annual winter fuels forecast.
10/04/2001 -- Market Watch: Energy futures prices fall as OPEC mulls cuts
Energy futures prices continued their downward tumble on international markets Wednesday, fueled by the American Petroleum Institute's weekly survey that showed US crude inventories 10% higher than a year ago. But the fall was checked by reports that OPEC ministers are again discussing a possible production cut.
10/04/2001 -- Shell chairman warns oil firms to prepare for end of hydrocarbon age
Royal Dutch/Shell Group chairman Phillip Watts has said that major oil companies should prepare for the end of the hydrocarbon age as alternative energies win over consumers in coming decades. Shell plans to spend up to $1 billion in the next 5 years to develop new energy businesses.
10/03/2001 -- Southern California Edison CEO says generators to be paid
Southern California Edison Co.'s agreement with state regulators calls for the utility to pay past due debts to generators, but there is a need to 'work out what exactly we pay them,' SCE CEO John Bryson said Wednesday. Bryson said the utility will sit down with the generators to determine what is owed on a 'fair basis.'
10/03/2001 -- Exploration/Development news briefs, Oct. 3
Novus Petroleum ... BlackRock Ventures ... First Calgary Petroleums ... Sonatrach ... Nexen ... TotalFinaElf ... Statoil
10/03/2001 -- Settlement issues bedevil Texas wholesale electricity market
Consumer advocates called for a reassessment period of Texas' electricity deregulation scheme Wednesday, but industry representatives said the market should open in January as scheduled. Some market participants complained of problems settling up bills in the wholesale market. A representative of Austin's municipal utility noted August's imbalance totaled $100 million.
10/03/2001 -- Industry groups urge appeals court to remand diesel rule to EPA
Trade associations representing refiners and marketers have asked a federal appeals court to order the US Environmental Protection Agency to revise a controversial low-sulfur diesel rule. EPA plans its own independent review in 2002 but industry wants legal assurances the agency will reconsider the rule.
10/03/2001 -- Market watch: Energy futures prices continue falling
Energy futures prices continued to tumble on international markets Tuesday, with November benchmark US crudes down 49¢ to $22.79/bbl on the New York Mercantile Exchange. OPEC's basket price was down to $20.30/bbl, well below the floor of its targeted price range.
10/02/2001 -- SoCal Edison says accord will save company from bankruptcy
Edison International subsidiary Southern California Edison Co. Tuesday said an agreement reached with California state regulators will save the utility from filing for bankruptcy protection. California Gov. Gray Davis said in light of the agreement he was rescinding a call for a third special session of the legislature to craft a state-supported bailout for SCE.
10/02/2001 -- Natural gas producers fear short-term surplus, long-term shortage
The US natural gas industry will be hammered by low commodity prices this winter because of an even worse industrial recession than the government will admit. But it faces serious supply constraints through 2007, said two independent executives.
10/02/2001 -- Market watch: Energy futures prices dip despite weather forecasts
Oil futures prices dipped Monday despite speculation that this winter might be colder than normal. The November contract for benchmark US light, sweet crudes dropped 15¢ to $23.28/bbl on the New York Mercantile Exchange.
10/02/2001 -- Pipelines seek talks with Washington policy makers on security
US gas pipeline companies say more communication is needed with policy makers on security issues that could impair their business. They also outlined a policy agenda they hope administrators and lawmakers will consider. The Senate passed pipeline safety legislation earlier this year; the House has yet to act.
10/01/2001 -- Midwest nuclear plants restrict public access
Nuclear Management Co., which manages six nuclear plants in the Midwest, Monday said heightened security measures have ended public tours at the facilities' for the foreseeable future.' Nuclear plants continue to operate at the highest level of security following the terrorist attacks in New York City and Washington, DC, Sept. 11.
10/01/2001 -- Sixteen oil firms nominate blocks for next Norwegian licensing round
Norway's Ministry of Petroleum and Energy has received nominations from 16 companies seeking blocks to be included in the 17th licensing round on the Norwegian Continental Shelf. The ministry aims to announce the blocks in December. Awards could occur before summer 2002.
09/28/2001 -- OPEC's 'inaction' an elegant solution to a dicey market situation
OPEC's lack of action this week is actually an elegant solution to a dicey proposition: how to avoid a price collapse without being seen as profiteers.
09/27/2001 -- US mulls proposals to bring Strategic Petroleum Reserve to capacity
Congress and the White House are revisiting the role of the 544.7 million bbl Strategic Petroleum Reserve in light of recent terrorist attacks. Two key House Republicans have proposed that the reserve be filled to its 700 million bbl capacity.
09/27/2001 -- Market watch: Oil futures prices rally as traders await developments
Futures prices for oil and refined products rallied on international markets Wednesday as officials of the Organization of Petroleum Exporting Countries planned informal consultations Thursday in Vienna with the largest delegation of non-OPEC producers ever to attend a meeting of cartel ministers.
09/27/2001 -- Exelon stock battered after earnings outlook lowered
Chicago's Exelon Corp. Thursday cut its 2001 earnings target and said 450 jobs will be eliminated due to economic and market weakness and volatile energy markets. The company said it now expects third quarter earnings of $1.10-$1.20/share, down from previous estimates of $1.35-$1.80. Exelon said full-year earnings guidance is being reduced to $4.30 -$4.45/share.

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General Interest 2001 P