Energy West Corp. subsidiary Energy West Propane Inc. completed the sale of its assets in Montana and Wyoming, including a terminal in Superior, MT, Jack’s Wholesale Propane Inc., an affiliate of Northern Petro NGL Marketing Inc., for $1.4 million, including $750,000 in cash and a promissory note for $620,000, payable over 46 months. Energy West will realize a pretax gain of $185,000 as a result of the transaction. With the completion of this transaction, Energy West has substantially exited the wholesale propane business in Montana and Wyoming.
The Oil & Gas Asset Clearinghouse said it will hold its next two-day hybrid live floor/Internet auction, offering 2,385 oil and gas properties combined into 340 lots, at the Sheraton North Houston Hotel in Houston Sept. 10-11. The Hybrid auction process allows Internet bidders to compete real time against the live floor bidders. Properties in this offering are located in Alabama, Arkansas, Colorado, Illinois, Kansas, Louisiana, Mississippi, New Mexico, North Dakota, Oklahoma, Texas, and Wyoming. Sellers include Hilcorp Energy, Marathon Oil, ExxonMobil, Concho Oil & Gas, Plains Exploration, States, LP, TCW, Samson Resources, Scythian, Bexco, Noble Energy and several others.
Â©Copyright 2003 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.
© 2021 Natural Gas Intelligence. All rights reserved.
ISSN © 1532-1231 | ISSN © 2577-9877 |