Since its reintroduction to the north country in 1995, Apache Corp. continues on its steadfast course of absorbing Canadian real estate at a fever pitch. Almost a month after Phillips Petroleum put its Canadian assets in the Zama area of northwest Alberta on the market, the company reported that it has entered into a definitive agreement in which Apache will acquire the oil and gas assets for $490 million. The properties included have proved reserves of 71.6 million boe, of which 59% is natural gas (see NGI, Nov. 27).
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Transwestern Pipeline Adds Receipt and Delivery Points
Transwestern Pipeline is going through a growth spurt with eightnew interconnect projects in service or under way, which will add300 MMcf/d in market area deliveries and 285 MMcf/d in new supplyreceipts. The new or expanded connection points will enhanceshipper access to both new supplies and markets.
Apache Adds $490 Million in Canadian Assets
Since its reintroduction to the north country in 1995, ApacheCorp. continues on its steadfast course of absorbing Canadian realestate at a fever pitch. Almost a month after Phillips Petroleumput its Canadian assets in the Zama area of northwest Alberta onthe market, the company reported that it has entered into adefinitive agreement in which Apache will acquire the oil and gasassets for $490 million. The properties included have provedreserves of 71.6 million boe, of which 59% is natural gas (seeDaily GPI, Nov. 21).
Transwestern Adds Receipt and Delivery Points
Transwestern Pipeline is going through a growth spurt with eightnew interconnect projects in service or under way, which will add300 MMcf/d in market area deliveries and 285 MMcf/d in new supplyreceipts. The new or expanded connection points will enhanceshipper access to both new supplies and markets.
Edison Adds to CA Power Base
Edison Mission Energy (EME), an affiliate of Southern CaliforniaEdison, said it has acquired the rights to a 320 MW naturalgas-fired peaking power facility in Kern County — which could beonline by next August — and is offering to sell the power to thestate.
Edison Adds to CA Power Base
Edison Mission Energy (EME), an affiliate of Southern California Edison, said it has acquired the rights to a 320 MW natural gas-fired peaking power facility in Kern County — which could be online by next August — and is offering to sell the power to the state.
PG&E Adds to Southern Marketing Base
PG&E Corp.’s National Energy Group (NEG) has announced an810 MW long-term tolling agreement with Southaven Power, LLC inMississippi, an affiliate of Cogentrix Energy.
PG&E Adds to Southern Marketing Base
PG&E Corp.’s National Energy Group (NEG) has announced an810 MW long-term tolling agreement with Southaven Power, LLC inMississippi, an affiliate of Cogentrix Energy.
CIG’s Picketwire Lateral Adds 33 MDth/d
Colorado Interstate Gas Co. has begun transporting an additional33 Mdth/d of natural gas from the Raton Basin to delivery points onits system following completion of its Picketwire Lateral Loop insouthern Colorado. The Coastal Corp.’s Rocky Mountain pipelinesubsidiary placed the line in service Oct. 24.
Calpine Adds 700 MW to NE Portfolio
Calpine Corp. added 700 MW of New England power generation toits portfolio on Friday by purchasing assets from Dartmouth,MA-based Energy Management Inc. (EMI) for $145 million and theassumption of about $220 million of project financing.