Energy 12/26/2006

Energy
Anadarko Agrees to Sell Oil, Gas Fields to Pickens's Exco for $1.6 Billion Anadarko Petroleum Corp., the U.S. oil and natural-gas producer that bought Kerr-McGee Corp. earlier this year, sold fields in Louisiana to Exco Resources Inc. for $1.6 billion to help cut debt.
Crude Oil Falls as Mild Weather Curbs U.S. Consumption of Heating Fuels Crude oil fell more than 2 percent in New York, the biggest drop in six weeks, as mild U.S. weather curbs heating-fuel consumption.
Nymex Gas Tumbles on Warmer-Than-Normal Weather Across Much of the U.S. Natural gas fell the most in three months in New York as mild weather blankets the U.S. from Chicago to the East Coast at a time when heating demand typically rises.
Plains Pipeline Spills 20,000 Gallons of Oil in U.S. Gulf Near Galveston A pipeline operated by Plains All American Pipeline LP ruptured and spilled about 20,000 gallons of crude oil in the Gulf of Mexico near Galveston, Texas, the U.S. Coast Guard said.
U.S. Oil Supplies Probably Fell Last Week on Refinery Demand, Survey Shows U.S. crude-oil inventories probably fell last week as refineries increased operating rates, a Bloomberg News survey indicated.