Following precedent set by a hotly contested case that dragged on through the late 1990s and the first half of this decade, three Alberta natural gas producers were ordered last Thursday to shut in 158 wells deemed to jeopardize future oilsands production.
Alberta
Articles from Alberta
Alberta Gas Shut In to Protect Oilsands Treasure
Following precedent set by a hotly contested case that dragged on through the late 1990s and the first half of this decade, three Alberta natural gas producers were ordered Thursday to shut in 158 wells deemed to jeopardize future oilsands production.
Enstor Storage Facilities Offering Capacity
Enstor will accept binding bids for firm storage capacity at its Alberta, Caledonia, Freebird, Grama Ridge and Katy facilities Sept. 16. through Sept. 30, the company said Tuesday.
TransCanada, Denali ‘Marching Toward an Open Season’
Although Alaska’s lawmakers have given their blessing to TransCanada Corp. for its plan to build a gasline from the North Slope to the Alberta Hub in Canada, that project’s competition with a proposal for a similar pipeline from BP and ConocoPhillips, known as Denali, is anything but over.
Denali Picks Chief as Gazprom Voices Interest in Alaska Gasline
Denali — The Alaska Gas Pipeline LLC, which is the producer-backed proposal for a pipeline to tap Alaska’s North Slope gas supplies and carry them to Alberta, last week appointed industry veteran Bud E. Fackrell to be its president. And the Denali project has attracted the interest of Russia’s Gazprom.
Denali Picks Chief as Gazprom Voices Interest in Alaska Gasline
Denali — The Alaska Gas Pipeline LLC, which is the producer-backed proposal for a pipeline to tap Alaska’s North Slope gas supplies and carry them to Alberta, appointed industry veteran Bud E. Fackrell to be its president. And the Denali project has attracted the interest of Russia’s Gazprom.
EnCana, Canadian Natural Told to Shutter Gas Wells Near Oil Sands Area
EnCana Corp. and Canadian Natural Resources Ltd. will be forced to shut in 121 natural gas wells south of Fort McMurray after the Alberta Energy and Utilities Board (EUB) concluded that future gas production from the Cold Lake Oil Sands Area Clearwater Formation “presents an unacceptable risk to a much larger bitumen resource” adjacent to the gas. The EUB also plans to assess later whether additional gas production should be shut in.
Progress Energy Trust, ProEx Expand Deep Basin, Foothills Leasehold
Calgary-based Progress Energy Trust on Monday announced the acquisition of some assets in northeast British Columbia and northwest Alberta, which are adjacent to its core Deep Basin and Foothills properties, from a private company for total consideration of C$526 million. Subsequent to the transaction, Progress sold a partial interest in the Foothills assets to ProEx Energy Ltd., a company it formed in 2004, for C$134.3 million, putting its portion of the acquisition at C$390.3 million.
NGI The Weekly Gas Market Report
Alaska’s Gas Contract Out From Wraps, Under Scrutiny
Alaska could collect between $1 billion and $2.7 billion per year from a pipeline project to move North Slope gas to Alberta and ultimately the Lower 48, according to terms of a draft contract between Alaska and a trio of major producers, the state said.
Industry Briefs
Canadian Utilities Limited, a division of Alberta-based ATCO Ltd., will examine “strategic alternatives” for its gas gathering and processing and natural gas liquids midstream business. Options include reorganization into a business trust or newly created company, sale to a third party or continued operation under the existing corporate structure, the company said. Canadian Utilities has retained advisers to assist it in considerations. ATCO has more than 7,000 employees engaged in power generation, utilities and global enterprises.