The Nebraska Department of Environmental Quality (DEQ) said Thursday it has begun looking at alternative routes for the proposed Keystone XL oil pipeline suggested by its sponsor, Alberta-based TransCanada Corp. This means the start of a public hearing process by DEQ.
Alberta
Articles from Alberta
Keystone Bill Sent to Nebraska Governor
Opponents of TransCanada Corp.’s proposed Keystone XL oil pipeline accused Nebraska legislators Wednesday of bowing to the Alberta-based pipeline company’s interests after the lawmakers solidly approved legislation 44-5 to allow the pipeline to traverse the state.
Newfield Continues Transition to Oil Company
Newfield Exploration Co. said that in 2012 it will devote more of its capital expenditure (capex) program and boost production in natural gas liquids (NGL) and oil — at the expense of natural gas — as it looks to become an oil-weighted company by 2013.
Petsec Buys Into Canadian Shale Oil
Petsec Energy Ltd. has agreed to pay 35% of the costs to drill at least one well and as many as three others in a shale oil project in Alberta in exchange for a 24.5% working interest in shale oil leases covering 17,280 acres, the Sydney, Australia-based independent said. The seller was not disclosed.
Industry Brief
Encana Corp. has completed the sale to Veresen Inc. of natural gas processing assets in the Cutbank Ridge area, which straddles Alberta (AB) and British Columbia (BC), for close to C$920 million (see Daily GPI, Dec. 8, 2011). The sale includes 100% interest in the Steeprock plant in northeast BC and the Hythe plant in northwest AB, which combined provide about 516 MMcf/d of gas processing capacity, as well as compression and 370 kilometers of associated gathering pipelines. As part of the sale, Encana entered into a long-term gathering and processing fee agreement with Veresen on terms that provide cost stability for ongoing development in Cutbank Ridge and help in delivering the gas to market.
Restructuring Pending, TransCanada ‘Interim’ Tolls to Stick
Tolls will stay the same on TransCanada Corp.’s troubled natural gas Mainline linking Alberta to Ontario, Quebec and border crossings into the United States until a prolonged rate case sorts out its future.
TransCanada ‘Interim’ Tolls to Stick
Tolls will stay the same on TransCanada Corp.’s troubled natural gas Mainline linking Alberta to Ontario, Quebec and border crossings into the United States until a prolonged rate case sorts out its future.
Horn River Midstream Operations to Expand
Quicksilver Resources Inc. and Kohlberg Kravis Roberts & Co. LP (KKR) said Tuesday they plan to jointly construct and operate natural gas midstream services to support producers operating in Canada’s Horn River Basin.
CEO: TransCanada Unaffected by Kinder-El Paso Merger Proposal
The proposed Kinder Morgan Inc. acquisition of El Paso Corp. doesn’t change Calgary, Alberta-based TransCanada Corp.’s strategy that is divided among natural gas, including shale; oil through its proposed addition to Keystone XL pipeline; and a growing gas-fired and renewable-based power generation business, CEO Russ Girling told financial analysts Tuesday as TransCanada reported a robust quarter-over-quarter improvement in profits for the third quarter.
Chevron Spuds First Well in Duvernay Shale
Chevron Corp. spud its first well during the third quarter in Alberta’s promising Duvernay Formation, CFO Pat Yarrington said Friday.