Huron

EQT Selling Diversified Gas Legacy Huron Assets for $575M

EQT Corp. said Friday that it would sell its formidable 2.5 million net acre position in the Huron formation in Kentucky, Virginia and southern West Virginia for $575 million, parting with an early asset that helped give rise to the nation’s largest natural gas producer before it transitioned to more complex and prolific unconventional operations in the Appalachian Basin.

June 29, 2018

Range Boasts Record Production Without Barnett

Following a trend among the major players in the Marcellus Shale, Range Resources Corp. is reporting record production rates after averaging 625 MMcfe/d across its portfolio in the fourth quarter.

January 18, 2012

Moody’s Downgrades SEMCO Because of High Leverage, Low Profitability

Moody’s Investors Service downgraded the ratings of Port Huron, MI-based gas utility company SEMCO Energy Inc. to Ba2 from Baa3 and said it was continuing a review for possible further downgrade because of the company’s “very high leverage, weak capitalization, low profitability and cash flow relative to its debt and refinancing risk.” About $534 million in debt was affected.

March 24, 2003

Moody’s Downgrades SEMCO Because of High Leverage, Low Profitability

Moody’s Investors Service downgraded the ratings of Port Huron, MI-based gas utility company SEMCO Energy Inc. to Ba2 from Baa3 and said it was continuing a review for possible further downgrade because of the company’s “very high leverage, weak capitalization, low profitability and cash flow relative to its debt and refinancing risk.” About $534 million in debt was affected.

March 19, 2003

Semco Grows in Construction, Engineering

Semco Energy Inc. of Port Huron, MI, broadened its presence inthe southern United States by acquiring two construction companiesand an engineering firm that provide services mainly to gas andtelecommunications companies.

September 20, 1999

Semco Goes to Alaska for First Distribution System Deal

Semco Energy Inc. of Port Huron, MI, agreed to buy EnstarNatural Gas and the Alaska Pipeline Co. (together known as Enstar)for $290 million in cash. The Anchorage, AK-based gas distributionsystem and transmission company are currently owned by Ocean EnergyInc.

July 19, 1999

Semco Goes to Alaska for First Distribution System Deal

Semco Energy Inc. of Port Huron, MI, agreed to buy EnstarNatural Gas and the Alaska Pipeline Co. (together known as Enstar)for $290 million in cash. The Anchorage, AK-based gas distributionsystem and transmission company are currently owned by Ocean EnergyInc.

July 19, 1999