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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Canadian Oil and Gas Firms to Merge

LCG, Jan. 28, 2002--A merger deal has been struck by PanCanadian Energy and Alberta Energy, and the resulting entity, EnCana Corp., will rank among the world's largest independent oil and gas exploration and production companies.

The agreement is worth over C$21.4 billion ($13.3 billion), transacted completely through a stock swap. Alberta Energy investors will receive 1.472 shares of PanCanadian Energy for each share they own. Cost savings relating to exploration and production costs are estimated at C$250 million ($155 million).

EnCana Corp.'s president and CEO will be Gwyn Morgan, who now holds those positions at Alberta Energy, while the company's chairman will be PanCanadian's chairman David O'Brien. O'Brien said in a statement, "we have decided to come together as equals from positions of strength so that we can achieve a stronger future in this highly competitive marketplace."

Based upon proved reserves of natural gas and oil and gas liquids, the overall production target of EnCana will be 2.7 billion cubic feet of natural gas and 255,000 barrels of oil per day.

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