General Interest 2005 P

10/04/2005 -- WoodMac: Hurricanes hit 'every link of energy chain'
Every link in the energy chain—upstream, processing, pipelines, and the support infrastructure maintaining them—was affected by Hurricanes Katrina and Rita, notes a report released Oct. 3 by Wood Mackenzie in Houston.
10/03/2005 -- Terax gains Barnett shale acreage in Texas
Terax Energy Inc., Austin, has acquired 100% working interest in a 2,000-acre block adjacent to its 5,200 acres in Comanche County, Tex.
10/03/2005 -- MARKET WATCH
Energy prices retreat in profit-taking
Energy futures prices retreated in profit-taking Sept. 30, albeit to still high levels as traders continued to worry about possible supply shortages this winter.
09/29/2005 -- Gazprom to buy controlling stake in Sibneft
Russia's state-controlled OAO Gazprom plans to acquire 72.7% of oil company OAO Sibneft for $13.1 billion in a transaction that will raise Gazprom's total stake in Sibneft to 75.7%.
09/29/2005 -- Two House committees pass oil and gas supply bills
The two US House committees with jurisdiction over energy reported separate bills aimed at increasing domestic oil and gas supplies. The Energy and Commerce Committee's measure passed along party lines, with support from Republicans and opposition from Democrats. The Resource Committee's bill had bipartisan support, passing 27-16, with four Democrats voting for it.
09/29/2005 -- MARKET WATCH
Supply concerns drive natural gas futures to record high
Energy prices jumped Sept. 28 as natural gas futures soared to a record amid concerns that production curtailments in the Gulf of Mexico are undermining fuel inventories for the coming winter.
09/29/2005 -- EnCana to buy Maverick basin interests
EnCana Oil & Gas (USA) Inc. agreed to pay $80 million for 300,000 acres in the Maverick basin of Southwest Texas from Exploration Co. of Delaware Inc., San Antonio.
09/29/2005 -- El Paso sells Javelina midstream interests
El Paso Corp., Houston, has agreed to sell its Javelina midstream interests to MarkWest Energy Partners LP for $142 million. The sale includes El Paso's 40% interest in the Javelina gas processing and fractionation facility and associated gas pipelines at Corpus Christi, Tex.
09/28/2005 -- Alaska governor calls for more North Slope production
Alaska Gov. Frank Murkowski said state agencies are cooperating with oil majors to try and increase oil production from the Alaska North Slope in the wake of Hurricane Katrina hitting the Gulf of Mexico.
09/28/2005 -- NGSA: Hurricanes hit already tight US gas supplies
Hurricanes Katrina and Rita aggravated an already tightening natural gas supply situation, increasing prospects for higher prices this heating season, the Natural Gas Supply Association said.
09/28/2005 -- MARKET WATCH
Natural gas, gasoline futures prices climb
Crude prices slipped, but gasoline and natural gas futures prices continued to climb Sept. 27 in markets roiled by two Gulf Coast hurricanes in less than a month.
09/28/2005 -- Herold study: Revenue outran E&D spending in 2004
Oil and gas companies' revenue growth continued to advance ahead of exploration and development outlays during 2004, said the latest annual global review of upstream performance by John S. Herold Inc. and Harrison Lovegrove & Co. Ltd.
09/27/2005 -- Nexus acquires Crux field in Timor Sea
Nexus Energy Ltd., Melbourne, has acquired 100% of Crux natural gas-condensate field in the Ashmore Cartier section of the Timor Sea from Mogal Marine Pty. Ltd. for $10 million (Aus.) plus $2 million in shares.
09/27/2005 -- Aztec appoints Blackim as president
Houston-based Aztec Oil & Gas Inc. has appointed Kirk N. Blackim to the vacant position of president.
09/27/2005 -- NPRA elects new officers
The National Petrochemical & Refiners Association has elected new officers to succeed those whose terms will expire at the conclusion of the NPRA Annual Meeting in March 2006.
09/27/2005 -- Timor-Leste sets up petroleum fund
The Timor-Leste government has established a petroleum fund for long-term management of its hydrocarbon reserves with a starting balance of $250,000.
09/27/2005 -- MARKET WATCH
Tighter market pushes up energy prices
Energy commodity prices rebounded somewhat Sept. 26 as traders realized that Hurricane Rita has tightened supplies.
09/26/2005 -- MARKET WATCH
Energy prices fell as Rita veered away from Houston area
Energy prices fell Sept. 23 as Hurricane Rita began to veer away from the refinery complexes at Texas City and Houston toward those at Beaumont and Port Arthur, Tex., and Lake Charles, La.
09/25/2005 -- Hurricane Rita idles refineries, oil and gas output
Twenty US refineries, all Gulf of Mexico oil production, and 75% of the gulf's gas output are idle the day after Hurricane Rita pounded ashore east of the Texas—Louisiana border early Sept. 24.
09/23/2005 -- MARKET WATCH
Storm worries push up natural gas, product prices
Crude futures prices fell, but natural gas and product prices continued to climb Sept. 22 as a slightly weakened Hurricane Rita neared the upper Texas coast.

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