Buys

Woodlands, TX-based Excelerate Energy LLC, which specializes in LNG shipping and marketing, said last week that a subsidiary has acquired the rights to El Paso’s Energy Bridge assets and technology. The transaction includes El Paso’s proposed offshore Louisiana Energy Bridge terminal, which is awaiting licensing by the U.S. Department of Transportation, as well as deployment of additional offshore LNG terminals worldwide. Terms of the deal were not disclosed.

Woodlands, TX-based Excelerate Energy LLC, which specializes in LNG shipping and marketing, said Wednesday that a subsidiary has acquired the rights to El Paso’s Energy Bridge assets and technology. The transaction includes El Paso’s proposed offshore Louisiana Energy Bridge terminal, which is awaiting licensing by the U.S. Department of Transportation, as well as deployment of additional offshore LNG terminals worldwide. Terms of the deal were not disclosed.

TransCanada Corp has exercised a right to increase by more than 10% its ownership interest in New England’s Portland Natural Gas Transmission System to 43.42%, purchasing a portion of DTE East Coast Pipeline Co.’s interest in PNGTS for US$47.1 million. The price includes assumption of US$27.8 million in debt.

TransCanada Corp has exercised a right to increase by more than 10% its ownership interest in New England’s Portland Natural Gas Transmission System to 43.42%, purchasing a portion of DTE East Coast Pipeline Co.’s interest in PNGTS for US$47.1 million. The price includes assumption of US$27.8 million in debt.

Talisman Energy Inc. said last week that it purchased all the shares of Vista Midstream Solutions Ltd. for C$130 million (US$94 million), giving it important gathering and processing assets in a core area adjacent to its Deep Basin play in northwestern Alberta. Talisman said the other assets included in the purchase are being resold.

Vista’s assets are located in three operating areas: Cutbank in northwestern Alberta near Talisman’s Deep Basin play, Retlaw/Enchant/Turin located in southeastern Alberta and Freefight in southwestern Saskatchewan. The Cutbank complex is Vista’s major asset, representing two-thirds of its revenue and value. Talisman has entered into a firm agreement for the sale of the assets at Retlaw/Enchant/Turin for $30.5 million and is in negotiations for the sale of the Freefight assets.

PSI Energy has filed an application at the Indiana Utility Regulatory Commission (IURC) for a generic certificate of need that would allow the Cinergy subsidiary to purchase unidentified generating assets “within certain approved parameters,” a PSI spokesperson told NGI last Tuesday.

In a deal with Shell Exploration and Production Co., Apache Corp. will acquire 26 mature shallow water fields that cover 50 blocks (209,000 acres) in the Gulf of Mexico as well as interests in two onshore gas plants. Apache, which paid Shell $200 million, will operate 15 of the fields and hold 91% of the production, and will book proved reserves of 124.6 Bcf and 6.6 million bbl, at a cost of approximately $1.22/Mcfe.

In a deal with Shell Exploration and Production Co., Apache Corp. will acquire 26 mature shallow water fields that cover 50 blocks (209,000 acres) in the Gulf of Mexico as well as interests in two onshore gas plants. Apache, which paid Shell $200 million, will operate 15 of the fields and hold 91% of the production, and will book proved reserves of 124.6 Bcf and 6.6 million bbl, at a cost of approximately $1.22/Mcfe.