Tag / Adds

Subscribe

Adds

Husky Adds 29 Bcfe of Reserves with $115M Temple Purchase

Calgary-based Husky Energy Inc. said it has purchased privately-held Temple Exploration Inc. for $115 million. The deal give Husky an additional 4,400 boe/d of oil and gas production (19 MMcf/d of gas and 1,284 bbl/d of oil) for the remainder of 2004 and about 29 Bcfe of proven reserves with additional future exploration growth potential.

July 16, 2004

Energen Adds 250 Bcfe of San Juan CBM Reserves for $273M

In its largest property purchase to date, Alabama utility and E&P company Energen Corp. said last week that it is buying about 250 Bcfe of proved San Juan Basin coalbed methane reserves for $273 million from an unnamed private company.

July 5, 2004

Energen Adds 250 Bcfe of San Juan CBM Reserves for $273M

In its largest property purchase to date, Alabama utility and E&P company Energen Corp. said Monday it is buying about 250 Bcfe of proved San Juan Basin coalbed methane reserves for $273 million from an unnamed private company.

June 30, 2004

Delta Adds 90 Bcfe of Proved Reserves with Alpine Purchase

Denver-based Delta Petroleum said it is buying all of Alpine Resources’ proved reserves, which total about 90 Bcfe, for about $1.40/Mcf. No further financial details were provided. Alpine currently produces about 20 MMcf/d and holds estimated total reserves of about 140 Bcfe.

June 17, 2004

Southern Ute’s Aka Energy Adds Lumen Energy to Midstream Operations

Midstream operator the Aka Energy Group LLC , a subsidiary of the Southern Ute Indian Tribe, Tuesday announced the acquisition of Tulsa-based Lumen Energy Corp., whose assets include 13 gathering systems with over 900 miles of gathering line and two processing plants in the Midcontinent.

June 14, 2004

Southern Ute’s Aka Energy Adds Lumen Energy to Midstream Operations

Midstream operator the Aka Energy Group LLC , a subsidiary of the Southern Ute Indian Tribe, Tuesday announced the acquisition of Tulsa-based Lumen Energy Corp., whose assets include 13 gathering systems with over 900 miles of gathering line and two processing plants in the Midcontinent.

June 10, 2004

AltaGas Adds PremStar’s Ontario Business for $23M

AltaGas on Wednesday extended its retail operations into Ontario with the C$23.2 million purchase of PremStar Energy Canada Ltd. and its subsidiaries ECNG Inc. and Energistics Group Inc.

May 28, 2004

Paramount Continues Shopping Spree, Adds Cavell Energy for C$148 Million

Facing an ongoing battle with Alberta regulators over the impact of its gas production on oilsands recovery, Paramount Energy Trust continued to expand its operations outside Alberta Wednesday with a C$148 million purchase of Cavell Energy Corp. The deal increases Paramount’s daily natural gas production by 21% to 110 MMcfe/d, is accretive to cash flow and expands the company’s operations into Saskatchewan.

May 27, 2004

Regency Gas Services Adds to Midstream Assets

Regency Gas Services LLC of Dallas, which has picked up midstream assets from El Paso and Duke Energy in the last year, announced Monday its affiliate has completed the purchase of natural gas treating assets in Louisiana and Texas from Cardinal Gas Services for approximately $3.4 million.

April 21, 2004

Senate Adds $13B Energy Tax Package to Corporate Tax Measure

In a move that surprised many on Capitol Hill, Senate Republican and Democratic leaders reached a consent deal to attach the 10-year, $13 billion energy tax package to a corporate tax cut measure before leaving for Easter recess.

April 19, 2004