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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.