Alberta

Production Success to Boost Enterra’s 3Q Earnings 300%

Strong production gains from its existing leases in Alberta and Saskatchewan will pump up Calgary-based Enterra Energy Corp.’s third quarter earnings 300% over a year ago, the company said Thursday.

October 10, 2003

Transportation Notes

NOVA lifted Tuesday afternoon a force majeure declaration for the 8-inch Hamilton Lake Mainline in eastern Alberta (see Daily GPI, Sept. 9) and reinstated services at the Hamilton Lake and Veteran Meter Stations.

September 11, 2003

Anadarko’s Canadian Gas Discovery Ups Former Reserve Estimate by 70%

Anadarko Petroleum Corp. has made a large natural gas discovery in the Saddle Hills area of Alberta, expanding the proven and probable reserves from the multi-zone play to 130 Bcf from the previous estimates of 90 Bcf. Before Anadarko began to step up its activity in Saddle Hills late in 2001, the play held an estimated 6 Bcf of proven reserves.

March 3, 2003

Anadarko’s Canadian Gas Discovery Ups Former Reserve Estimate by 70%

Anadarko Petroleum Corp. has made a large natural gas discovery in the Saddle Hills area of Alberta, expanding the proven and probable reserves from the multi-zone play to 130 Bcf from the previous estimates of 90 Bcf. Before Anadarko began to step up its activity in Saddle Hills late in 2001, the play held an estimated 6 Bcf of proven reserves.

February 28, 2003

Northern Border Accused of ‘Subverting’ ROFR Process

In a complaint filed at the Federal Energy Regulatory Commission last week, Pan-Alberta Gas (US) Inc. (PAGUS) and Mirant Americas Energy Marketing L.P. accused Enron-affiliated Northern Border Pipeline Co. of trying to “subvert” their rights to match competing third-party bids for pipeline capacity under the right-of-first refusal (ROFR) process.

October 14, 2002

Northern Border Accused of ‘Subverting’ ROFR Process

In a complaint filed at the Federal Energy Regulatory Commission this week, Pan-Alberta Gas (US) Inc. (PAGUS) and Mirant Americas Energy Marketing L.P. have accused Enron-affiliated Northern Border Pipeline Co. of trying to “subvert” their rights to match competing third-party bids for pipeline capacity under the right-of-first refusal (ROFR) process.

October 11, 2002

Canadian Superior Lines Up Drilling Services for Marquis Project

Ready to get started on its Marquis natural gas project, Alberta-based Canadian Superior Energy Inc. said that it has awarded several drilling services contracts for the initial drilling on the project, which is located 100 miles offshore Nova Scotia. The company estimated the value of the combined contracts at C$12.8 million.

June 10, 2002

AEC, PanCanadian in Merger Talks

In joint releases Friday morning, Canadian heavyweights PanCanadian Energy Corp. and Alberta Energy Co.(AEC) — the fourth and fifth largest energy companies in the country — announced they are talking about a possible merger. If completed, the company would become one of the largest natural gas producers in North America. Based on Thursday’s closing on the Toronto Stock Exchange, the companies had a market value of C$19.4 billion ($12.1 billion).

January 28, 2002

AEC, PanCanadian in Merger Talks

In joint releases Friday morning, Canadian heavyweights PanCanadian Energy Corp. and Alberta Energy Co.(AEC) — the fourth and fifth largest energy companies in the country — announced they are talking about a possible merger. If completed, the company would become one of the largest natural gas producers in North America. Based on Thursday’s closing on The Toronto Stock Exchange, the companies had a market value of C$19.4 billion ($12.1 billion).

January 28, 2002

Enbridge Acquires TX Gathering Assets for $50M

Alberta-based Enbridge Inc. reported on Thursday that it plans to buy the South Texas gas gathering, treating and transmission assets of the Williams Companies for $50 million. The deal includes 492 miles of Ferc-regulated gas transmission and 298 miles of non-FERC regulated gathering systems and pipeline laterals.

January 7, 2002