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Calgary-based Esprit Exploration — known until a year ago as Canadian 88 Energy Corp. — is remaking itself once again after the board unanimously approved a proposal to reorganize into a new energy trust that would own approximately 90% of the company’s existing producing assets.

Penn Virginia Resource Partners LP (PVR), best known for its coal and land management operations, said Tuesday it is buying natural gas gathering and processing assets in Oklahoma and Texas from Cantera Resources Holdings LLC, a portfolio company of Morgan Stanley Capital Partners, for $191 million in cash.

Penn Virginia Resource Partners LP (PVR), best known for its coal and land management operations, said Tuesday it is buying natural gas gathering and processing assets in Oklahoma and Texas from Cantera Resources Holdings LLC, a portfolio company of Morgan Stanley Capital Partners, for $191 million in cash.

Penn Virginia Resource Partners LP (PVR), best known for its coal and land management operations, said Tuesday it is buying natural gas gathering and processing assets in Oklahoma and Texas from Cantera Resources Holdings LLC, a portfolio company of Morgan Stanley Capital Partners, for $191 million in cash.

Calgary-based independent Esprit Exploration Ltd. has completed its reorganization into two entities: Esprit Energy Trust and ProspEx Resources Ltd. Esprit, known until last year as Canadian 88 Energy Corp., held a special shareholder meeting at the end of September to vote on reorganizing into an income trust and an exploration and production company. Under the reorganization, the energy trust will hold 90% of Esprit’s existing proved producing reserves, and gain Canadian tax advantages. ProspEx will own the balance of the assets and some of the undeveloped lands and will operate as an exploration and production company.

ONEOK, Inc. has changed the name of its energy marketing segment to reflect a new direction for the unit. ONEOK Energy Marketing and Trading will henceforth be known as ONEOK Energy Services Co., it was announced Friday.

Calgary-based Husky Energy Inc., one of Canada’s largest integrated producers, better known for a portfolio of heavy oil prospects, last week announced a two-year extension of a farm-out and joint venture agreement with privately held Trident Exploration Corp. to develop natural gas from coal (NGC) and coalbed methane (CBM) in central Alberta. The agreement calls for another 120 wells to be drilled over the next two years in the Fenn Rumsey area.

Calgary-based Husky Energy Inc., one of Canada’s largest integrated producers, better known for a portfolio of heavy oil prospects, on Tuesday announced a two-year extension of a farm-out and joint venture agreement with privately held Trident Exploration Corp. to develop natural gas from coal (NGC) and coalbed methane (CBM) in central Alberta. The agreement calls for another 120 wells to be drilled over the next two years in the Fenn Rumsey area.

The federal government has known for several years that illegal aliens smuggling drugs have stowed away on Algerian-flagged liquefied natural gas (LNG) tankers entering Boston Harbor, and had “some suspicion of possible associations” between the stowaways arriving in Boston and the terrorists indicted for their role in the so-called “Millennium Plot” to blow up Los Angeles International Airport and other U.S. sites, an official with the Department of Homeland Security said.