Provident Energy Trust, a Calgary-based open-ended energy income trust, has agreed to acquire the Redwater Natural Gas Liquids (NGL) Processing System from Williams Energy Canada. Provident, which plans to operate the facilities, will pay $196 million in cash for the fixed assets and an estimated $22 million for NGL inventories when the transaction closes.
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Provident to Buy Williams’ Redwater NGL System
Provident Energy Trust, a Calgary-based open-ended energy income trust, has agreed to acquire the Redwater Natural Gas Liquids (NGL) Processing System from Williams Energy Canada. Provident, which plans to operate the facilities, will pay C$268 million for the fixed assets and an estimated C$14 million for inventory when the transaction closes.
AGL Posts 54% Earnings Increase Over 2Q2002
Making further strides in strengthening its balance sheet, AGL Resources Inc. reported net income of $18.9 million, or $0.29 per diluted share, for the second quarter of 2003, reflecting a 54% improvement over the $12.3 million, or $0.22 per basic and diluted share, recorded for 2Q2002.
AGL Posts 54% Earnings Increase Over 2Q2002
Making further strides in strengthening its balance sheet, AGL Resources Inc. on Thursday reported net income of $18.9 million, or $0.29 per diluted share, for the second quarter of 2003, reflecting a 54% improvement over the $12.3 million, or $0.22 per basic and diluted share, recorded for 2Q2002.
ChevronTexaco May Realize Gain on Dynegy Stock Restructuring
ChevronTexaco Corp.’s stock restructuring deal with Dynegy Inc. may help it realize a gain in its third quarter income, and also help it book an increase in the value of its Dynegy securities in its second quarter report, the company said after the Dynegy announcement last week (see related story).
ChevronTexaco May Realize Gain on Dynegy Stock Restructuring
ChevronTexaco Corp.’s stock restructuring deal with Dynegy Inc. may help it realize a gain in its third quarter income, and also help it book an increase in the value of its Dynegy securities in its second quarter report, the company said after the Dynegy announcement Tuesday (see related story).
New Gas Marketer to Cater to Parts of U.S., Eastern Canada
A new natural gas marketing company, formed by five leading oil and natural gas income trusts in Canada, debuted this week and hopes to fill some of the void left by the fast exits of the big marketers in the United States and Canada.
ANR Inks Long-Terms Deals with Largest Shipper, We Energies
ANR Pipeline locked in a stable source of income for the next eight years by renegotiating firm transportation and storage agreements with its largest customer, Wisconsin utility We Energies, covering 866,500 Dth/d of service starting in 2003 and extending under various terms to 2010. Many of the contracts were due to expire in 2003.
ANR Inks Long-Terms Deals with Largest Shipper, We Energies
ANR Pipeline locked in a stable source of income for the next eight years by renegotiating firm transportation and storage agreements with its largest customer, Wisconsin utility We Energies, covering 866,500 Dth/d of service starting in 2003 and extending under various terms to 2010. Many of the contracts were due to expire in 2003.
Entergy Exec: Gas Pipeline, Storage Assets Top Possible Buy List
Properties in the gas pipeline and storage segment, among the billions of dollars of assets flooding the market from companies looking to raise cash quickly, offer the most value at the fairest prices, according to Entergy Corp. officials who are studying the possibilities.