Encana Corp. said Friday it has secured a well-heeled unit of Toyota Tsusho Corp. to partner in its languishing Alberta coalbed methane (CBM) gas fields in the Horseshoe Canyon Fairway, agreeing to sell close to a one-third stake in the resource play, including natural gas production from 5,500 existing wells.
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Atlas JV Partner Questions Chevron Merger
The $4.3 billion tie-up that would merge shale player Atlas Energy Inc. with Chevron Corp. has stirred up a controversy with Atlas’ well-heeled joint venture (JV) partner Reliance Industries Ltd., whose management suggested in recent correspondence that it may be considering a counter proposal.
Atlas JV Partner Questions Chevron Merger
The $4.3 billion tie-up that would merge shale player Atlas Energy Inc. with Chevron Corp. has stirred up a controversy with Atlas’ well-heeled joint venture (JV) partner Reliance Industries Ltd., whose management suggested in recent correspondence that it may be considering a counter proposal.
NGI The Weekly Gas Market Report
Sierra Pacific CEO Pushes Aggressive Construction Plans for Fast-Growing Region
Questioning the viability of a major proposed new coal plant by a well-heeled Sempra Energy unit in his state, Reno-based Sierra Pacific Resources CEO Walter Higgins last Monday bullishly outlined his companies’ plans for the largest energy project it has ever undertaken in Nevada. He noted there is plenty of room for other new power plant projects in the state, but their developers should seek interconnections with one of his company’s two utilities.