Beefs

EnCana Beefs Up Rockies Presence with $2.7B Purchase of Tom Brown

EnCana, already the largest North American independent producer, has plans to grow even larger, announcing last week the cash purchase of Denver-based Tom Brown Inc. for $2.7 billion, including debt assumption. The merger quickly expands EnCana’s Rocky Mountain presence, and total U.S. natural gas production will reach 1 Bcf/d after the deal is completed.

April 19, 2004

EnCana Beefs Up Rockies Presence with $2.7B Purchase of Tom Brown

EnCana, already the largest North American independent producer, has plans to grow even larger, after announcing Thursday the cash purchase of Denver-based Tom Brown Inc. for $2.7 billion, including debt assumption. The merger quickly expands EnCana’s Rocky Mountain presence. Its total U.S. natural gas production will reach 1 Bcf/d after the deal.

April 16, 2004

Enbridge Beefs Up Midstream Operations with Sulphur River Deal

Building on a series of midstream asset purchases, Enbridge Inc. has agreed to buy gas gathering and processing facilities in northeastern Texas from Sulphur River Gathering LP for US$178 million. The Sulphur River facilities, which currently gather 210 MMcf/d, are contiguous with assets in East Texas recently acquired by Enbridge Energy Partners from Koch Midstream Services for $230.5 million (see NGI, Oct. 29, 2001 ). The Sulphur River acquisition increases the portfolio of assets available to Enbridge for potential sale to the limited partnership in 2002.

February 11, 2002

Enbridge Beefs Up Midstream Operations with Sulphur River Deal

Building on a series of midstream asset purchases, Enbridge Inc. has agreed to buy gas gathering and processing facilities in northeastern Texas from Sulphur River Gathering LP for US$178 million. The Sulphur River facilities, which currently gather 210 MMcf/d, are contiguous with assets in East Texas recently acquired by Enbridge Energy Partners from Koch Midstream Services for $230.5 million (see Daily GPI, Oct. 26, 2001). The Sulphur River acquisition increases the portfolio of assets available to Enbridge for potential sale to the limited partnership in 2002.

February 5, 2002

Consol Energy Beefs Up CBM Production Capacity in Mid-Atlantic

Pittsburgh, PA-based Consol Energy Inc., the second largest U.S. coal producer based on revenues, has entered into a deal to buy coalbed methane (CBM) gas production and pipeline gathering assets from Conoco Inc. to serve the expanding gas needs of power generators in the Pennsylvania, Virginia and West Virginia areas.

August 13, 2001

Consol Energy Beefs Up CBM Reserves for PA, WV and VA Generators

Pittsburgh, PA-based Consol Energy Inc., the second largest U.S. coal producer based on revenues, has entered into a deal to buy coalbed methane (CBM) gas production and pipeline gathering assets from Conoco Inc. to serve the expanding gas needs of power generators in the Pennsylvania, Virginia and West Virginia areas.

August 10, 2001