Eagle Rock Energy Partners LP will purchase Tulsa-based CC Energy II, a portfolio company of Natural Gas Partners VIII LP that is also called Crow Creek Energy, for $525 million, the Houston-based partnership said Tuesday.
Inception
Articles from Inception
TradeSpark Acquires TCT, Opens Houston Office
Eight months after its inception, TradeSpark continues to climb the ranks of online exchanges, announcing late last week that it has purchased TCT Natural Gas Inc., a Houston natural gas brokerage house, and opened a TradeSpark office in Houston. The company said the new division will give the New York-based energy marketplace a stronghold in the Houston area and immediate gas options trading capabilities.
Industry Has Much to Learn from Georgia
Despite the numerous troubles that have plagued the deregulated Georgia retail gas market since its inception in 1997, Georgia Public Service Commissioner Bobby Baker said yesterday in an interview that other states need to realize business-related matters rather than regulatory and legislative snafus were primarily to blame for the difficulties.