Acquired

Cheniere Energy Inc. said Tuesday it has acquired BPU LNG Inc. in exchange for 1,000,000 restricted shares of Cheniere common stock. BPU LNG’s sole asset is a 33.3% limited partner interest in Corpus Christi LNG LP. As a result of the acquisition, Cheniere said it now controls 100% of the Corpus LNG limited partner interests. In December of 2003, Corpus Christi LNG filed with the Federal Energy Regulatory Commission (FERC) for a permit to build and operate a liquefied natural gas receiving terminal near the city of Corpus Christi, TX with daily processing capacity of 2.6 Bcf. In November of 2004, FERC issued a draft Environmental Impact Statement (EIS) concluding that approval of the proposed project, with appropriate mitigating measures as recommended, would have limited adverse environmental impact. Cheniere said it anticipates that FERC will issue a final EIS and grant its permit in the near future. In addition to the Corpus Christi facility, the Houston-based company is developing Gulf Coast LNG receiving terminals near Sabine Pass in Cameron Parish, LA and near the Creole Trail in Cameron Parish, LA. Cheniere is also a 30% limited partner in Freeport LNG Development LP., which is building an LNG receiving terminal in Freeport, TX.

Drilling services company Cal Dive International Inc. last week acquired a 20% interest in the planned deepwater Independence Hub LLC from Enterprise Products Partners LP for an undisclosed amount of money. Installation of the platform is scheduled for late 2006, and first natural gas production is expected in 2007.

Drilling services company Cal Dive International Inc. has acquired a 20% interest in the planned deepwater Independence Hub LLC from Enterprise Products Partners LP for an undisclosed amount of money. Installation of the platform is scheduled for late 2006, and first natural gas production is expected in 2007.

SignalEnergy Inc., a junior independent based in Alberta, said it has acquired Predator Exploration Ltd. and an undisclosed private oil and gas company. The all-share deal is worth about C$21.9 million for both companies, including the assumption of debt. Predator’s assets include natural gas properties in British Columbia and western Alberta. SignalEnergy said when the deal is completed, its production rate will increase 240%. SignalEnergy’s exploration focus is in Alberta, in Twining, Ferrier and Carrot Creek. The transactions are expected to be completed before the end of the year.

SignalEnergy Inc., a junior independent based in Alberta, said it has acquired Predator Exploration Ltd. and an undisclosed private oil and gas company. The all-share deal is worth about C$21.9 million for both companies, including the assumption of debt. Predator’s assets include natural gas properties in British Columbia and western Alberta. SignalEnergy said when the deal is completed, its production rate will increase 240%. SignalEnergy’s exploration focus is in Alberta, in Twining, Ferrier and Carrot Creek. The transactions are expected to be completed before the end of the year.

Calgary-based Canadian Superior Energy Inc. acquired El Paso Corp.’s offshore Nova Scotia exploration and production (E&P) assets last week for an undisclosed amount. The two companies teamed up in 2002 and again in 2003 to work in the Scotian offshore, but the projects have never matched El Paso’s expectations.

Calgary-based Canadian Superior Energy Inc. has acquired El Paso Corp.’s offshore Nova Scotia exploration and production (E&P) assets for an undisclosed amount. The two companies teamed up in 2002 and again in 2003 to work in the Scotian offshore, but the projects have never matched El Paso’s expectations.

IHS Energy, which specializes in analyzing energy exploration and production (E&P) data around the world, has acquired Cambridge Energy Research Associates (CERA), whose analysis covers energy markets, geopolitics, structure and strategy. The partnership, said the IHS Group subsidiary, will build on the companies’ joint resources to expand their database and operations support. No financial details were disclosed.

Calgary-based Provident Energy Trust has acquired all of the outstanding shares of Olympia Energy Inc. and Viracocha Energy Inc. The transactions are payable through Provident units, exchangeable shares and the assumption of existing debt and working capital. With the new acquisitions, Provident estimates its annual production will be 30,000 boe/d. Based on an independent engineering review, Provident’s proved reserves will increase 46% to 51.8 MMboe from 35.5 MMboe, with a proved developed reserve life index (RLI) of 4.6 years. Proved reserves will increase 48% to 62.1 MMboe from 41.8 MMboe, with a proved RLI of 5.9 years. Proved plus probable reserves will increase 49% to 81.6 MMboe from 54.9 Mboe, with proved plus probable RLI of 6.2 years. Provident is an open-ended energy income trust that owns and manages an oil and gas production business and a midstream services business. Its energy portfolio is focused in Western Canada.