New Orleans-based McMoRan Exploration Co. and Palace Exploration Co., a private energy company, plan to expand their business partnership to acquire and exploit high potential prospects in the Gulf of Mexico (GOM) deepwater as well as the Gulf Coast area. The venture, which committed $500 million initially toward exploration efforts, also is considering opportunities in other areas of the Caribbean Basin.
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McMoRan Expands GOM Joint Venture with Private Energy Company
New Orleans-based McMoRan Exploration Co. and Palace Exploration Co., a private energy company, plan to expand their business partnership to acquire and exploit high potential prospects in the Gulf of Mexico (GOM) deepwater as well as the Gulf Coast area. The venture, which committed $500 million initially toward exploration efforts, also is considering opportunities in other areas of the Caribbean Basin.
KeySpan Expands Canadian Midstream Presence with EnerPro Acquisition
Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).
KeySpan Expands Canadian Midstream Presence with EnerPro Acquisition
Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).
Crosstex Expands Network, Completing Purchase of Louisiana Intrastate Gas (LIG)
Rapidly expanding Crosstex Energy LP, a Texas-based midstream natural gas company, Thursday said it had completed the previously-announced acquisition of the LIG Pipeline Co. and its subsidiaries (LIG Inc., Louisiana Intrastate Gas Co. LLC, LIG Chemical Co., LIG Liquids Co. LLC and Tuscaloosa Pipeline Co.) from American Electric Power (AEP) for $76.2 million.
Crosstex Expands Network, Completing Purchase of Louisiana Intrastate Gas (LIG)
Rapidly expanding Crosstex Energy LP, a Texas-based midstream natural gas company, Thursday said it had completed the previously-announced acquisition of the LIG Pipeline Co. and its subsidiaries (LIG Inc., Louisiana Intrastate Gas Co. LLC, LIG Chemical Co., LIG Liquids Co. LLC and Tuscaloosa Pipeline Co.) from American Electric Power (AEP) for $76.2 million.
BG Expands North American Base With El Paso E&P Purchase
Already North America’s largest liquefied natural gas (LNG) importer, UK-based BG Group took its natural gas natural gas strategy up a step last week with the $346 million purchase of nearly all of El Paso Corp.’s Canadian oil and gas assets.
BG Expands in North America With $346M Purchase of El Paso E&P Assets
Already North America’s largest liquefied natural gas (LNG) importer, UK-based BG Group has taken its natural gas strategy up a step with the purchase of nearly all of El Paso Corp.’s Canadian oil and gas assets for $346 million.
Crescent Point Energy Trust Expands Canadian Gas Stake With Acquisition
Crescent Point Energy Trust said that it has executed agreements to acquire all of the issued and outstanding shares of a private Alberta-based oil and gas company for a total consideration of C$81 million, which includes the assumption of C$4 million of net debt.
Crescent Point Energy Trust Expands Canadian Gas Stake With Acquisition
Crescent Point Energy Trust said Monday that it has executed agreements to acquire all of the issued and outstanding shares of a private Alberta-based oil and gas company for a total consideration of C$81 million, which includes the assumption of C$4 million of net debt.