Encana

Joining Canada’s EnCana Corp. in carefully monitoring capital expenditures (capex) and exploration in the coming year are two more top independents headquartered in Calgary: Nexen Inc. and Petro-Canada Inc., which this week detailed their spending programs.

Calgary-based EnCana Corp. agreed to pay $457 million in cash to closely held Indigo Minerals LLC for 89,000 acres of Louisiana and East Texas leaseholds in the emerging Haynesville Shale and Deep Bossier play. The transaction includes 242 wells; production volumes were not disclosed. The properties are located in several parishes in northwestern Louisiana, as well as in Texas, Houston-based Indigo Minerals said. Indigo is backed by New York-based buyout firm Yorktown Partners and family-owned Roy O. Martin Lumber and Martin Timber companies of Alexandria, LA. Indigo also receives funding form Bank of America Corp. Indigo said it would still own 22,000 leasehold acres in Louisiana and East Texas once the transaction closes, which is expected by the end of July.

EnCana Corp. affiliate Starks Gas Storage LLC picked up a FERC certificate Thursday to build a two-cavern salt dome storage facility with total capacity of 29 Bcf at a location between Lake Charles, LA and the Texas border.

FERC on Friday issued final environmental clearance for EnCana Corp.’s proposed Entrega Gas Pipeline to transport Rocky Mountain supplies from the Piceance Basin in northwestern Colorado to the Cheyenne gas trading hub in the northeastern part of the state.

The Federal Energy Regulatory Commission last Thursday gave EnCana affiliate Starks Gas Storage LLC’s proposed natural gas storage facilities in southwestern Louisiana the environmental green light.

The Federal Energy Regulatory Commission on Thursday gave EnCana affiliate Starks Gas Storage LLC’s proposed natural gas storage facilities in southwestern Louisiana the environmental green light.

EnCana Corp. affiliate Starks Gas Storage LLC has called on FERC to reconsider an order denying its request for a waiver of the Order 636 unbundling requirement in connection with the development of a 19 Bcf natural gas storage facility in southwestern Louisiana. It also asked the agency to use its certificate case to set new storage policy.

EnCana Corp. affiliate Starks Gas Storage LLC has called on FERC to reconsider an order denying a waiver of the Order 636 unbundling requirement in connection with the development of a 19 Bcf natural gas storage facility in southwestern Louisiana. It also asked the agency to use its certificate case to set new storage policy.

FERC staff on Friday issued preliminary environmental approval to EnCana Corp.’s proposed Entrega Gas Pipeline to transport Rocky Mountain supplies from the Piceance Basin in northwestern Colorado to the Cheyenne gas trading hub in northeastern Colorado.