General Interest 2005 P

12/21/2005 -- Kerr-McGee sets $1.3 billion capital budget
Kerr-McGee Corp. has budgeted $1.3 billion for capital expenditures and $300 million for exploration in 2006.
12/20/2005 -- Inclusion of ANWR leasing in defense bill riles Senate
A provision to authorize oil and gas leasing on the Arctic National Wildlife Refuge Coastal Plain continued its wild ride through the 109th Congress as the Senate prepared on Dec. 20 to consider the defense appropriations bill in which the ANWR provision currently resides (OGJ Online, Dec. 19, 2005).
12/20/2005 -- MARKET WATCH
Crude futures prices spiral down
Crude futures prices fell Dec. 19 for the fourth consecutive session on the New York market as forecasts of moderate weather later this month fanned traders' fears of reduced demand for energy.
12/20/2005 -- Oil tax proposed to fund alternative energy
A new tax on revenue from California oil production to fund an alternative-energy program has been proposed for consideration in the November 2006 election.
12/19/2005 -- Hill joins Bankers Petroleum in exploration
The US unit of Bankers Petroleum Ltd., Calgary, named James M. Hill as vice-president, exploration.
12/19/2005 -- House approves oil and gas leasing in ANWR
The US House of Representatives has passed a defense appropriations bill with a section approving oil and gas leasing of the Arctic National Wildlife Refuge Coastal Plain.
12/19/2005 -- Trident Exploration to buy consultancy
Trident Exploration Corp. agreed to acquire the assets of Rakhit Petroleum Consulting Ltd., Calgary.
12/19/2005 -- Talisman Energy's 2006 E&D budget up 36%
Talisman Energy Inc., Calgary, plans to spend $4.4 billion (Can.) on exploration and development in 2006, which would be 36% more than its 2005 budget.
12/19/2005 -- MARKET WATCH
Energy prices fall with forecasts of milder weather
The price for the front-month contract for benchmark US crude fell below the $60/bbl mark Dec. 16 to a 2-week low on the New York Mercantile Exchange.
12/16/2005 -- Sakhalin II Phase 2 clears EDRB hurdle
Sakhalin Energy Investment Co. Ltd. has received a determination from the European Bank for Reconstruction and Development (EBRD) that its Sakhalin II Phase 2 is "fit for purpose" on environmental and social issues management.
12/16/2005 -- MARKET WATCH
Energy prices continue to fall in profit-taking
Energy prices fell in profit-taking on the New York market Dec. 15 as traders ignored predictions of colder-than-normal US weather over the weekend.
12/16/2005 -- Superior buys Cherokee basin gas wells
Superior Oil & Gas Co., Yukon, Okla., will pay Foster Oil & Gas 300,000 shares of stock to acquire 28 natural gas wells in the Cherokee basin of southeastern Kansas and northeastern Oklahoma.
12/16/2005 -- Teton Energy sets $12 million capital budget
Teton Energy Corp., Denver, has approved a $12 million 2006 capital budget focusing on drilling in two Rocky Mountain areas.
12/16/2005 -- SEPAC names Leach executive director
Small Explorers and Producers Association of Canada (SEPAC) has appointed Gary C. Leach as executive director, effective Jan. 3, 2006.
12/15/2005 -- MARKET WATCH
Increased inventory, profit-taking lower energy prices
Natural gas futures prices fell in a bout of profit-taking Dec. 14 after hitting record highs in the previous session on the New York market.
12/15/2005 -- Range raises 2006 capital budget by 32%
Range Resources Corp., Fort Worth, has set a capital budget of $429 million for 2006, excluding acquisitions, up 32% from expected spending in 2005.
12/15/2005 -- Wentworth Energy buys Utah oil sands leases
Wentworth Energy Inc., Forth Worth, acquired 1,900 acres of oil sand leases in Utah's Asphalt Ridge oil sands region. The properties are 3.5 miles southwest of Vernal.
12/15/2005 -- Shell's capital budget for 2006 up 27%
Royal Dutch Shell PLC reported a 2006 capital expenditure budget of $19 billion, a 27% increase over its 2005 budget.
12/14/2005 -- Plains E&P sets $430 million capital budget
Plains Exploration & Production Co., Houston, has allocated $430 million for capital projects next year and approved a $500 million stock repurchase program funded with cash flow in excess of capital investments.
12/14/2005 -- Edge Petroleum increases capital budget 15%
Edge Petroleum Corp. approved an initial 2006 capital expenditure program of $110 million, a 15% increase over 2005, excluding acquisitions.

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