Shareholders of SCANA Corp. and Public Service Company of NorthCarolina approved a two-step merger transaction under which PSNCwill become a wholly owned subsidiary of SCANA. Shareholdersrepresenting about 76% of Scana’s outstanding shares and about 80%of PSNC’s outstanding shares approved the two proposals. The mergerstill requires state and federal regulatory approvals. Completionis anticipated during the second half of 1999.
North
Articles from North
Discoveries Grow in Canadian North, Prompting Need for New Pipe Access
Discoveries are approaching 1 Tcf in a southern portion of theNorthwest Territories, which is emerging as Canada’s hottest newnatural-gas drilling play, fanning flames under a simmeringregulatory and political dispute over pipeline service throughAlberta.
May 31, 1999
Transportation Notes
NOVA estimated that repairs to a flange assembly leak on its NorthLateral (see Daily GPI, May 17), whichstarted Wednesday, would take 24-36 hours to complete. Some receiptsupstream of Dusty Lake Compressor Station are being curtailed by thework.
May 20, 1999
Transportation Notes
NOVA said a leak discovered in a flange assembly early Thursdayon its North Lateral in eastern Alberta is curtailing up to 500MMcf/d of upstream production. The line usually flows 1.6-1.7Bcf/d, a spokesman said. He estimated the leak will require 24-48hours of repair time, but no schedule has been set.
May 17, 1999
Torch, Advantage Form EnerStar
Torch Energy Advisors Inc. and Advantage Energy Services Ltd.formed EnerStar Services to provide oil and gas operations andtechnical outsourcing services in North America. Bill Ploquet,former president of Advantage Energy Resources, has been named CEOof EnerStar.
May 14, 1999
Transportation Note
Replacement of its A-Line north of Stanfield, OR, is keepingKingsgate capacity of PG&E GT-NW limited to 2,250 MMcf/d-370MMcf/d under the April norm-through Friday. Hydrostatic testing ofthe line at Station 6-A will further limit Kinggate to 2,190 MMcf/dApril 19-22.
April 15, 1999
Calpine, EMI Form Power Marketing Pact
Calpine Corp. of San Jose, CA, and North Dartmouth-MA basedEnergy Management Inc. formed a new power marketing joint venture,Calpine/EMI Marketing, LLC, which will sell power and transmissioncapacity in New England from new generation facilities in theregion.
February 11, 1999
CMS Builds Gathering Presence
CMS Energy’s subsidiary CMS Continental Natural Gas said it hascompleted the acquisition of a 750-mile gathering system in northcentral Texas from Koch Hydrocarbon Co. Terms of the deal were notdisclosed.
January 25, 1999
CMS Increases Gathering Presence in Panhandle
CMS Energy’s subsidiary CMS Continental Natural Gas said it hascompleted the acquisition of a 750-mile gathering system in northcentral Texas from Koch Hydrocarbon Co. Terms of the deal were notdisclosed.
January 20, 1999
EEX Selling OK, TX Properties
EEX Corp. agreed to sell substantially all of its oil and gasproperties in Oklahoma and the Hardeman Basin, North Central Texas,for about $32 million in cash. Lariat Petroleum Inc. is acquiringthe properties in Oklahoma, and Key Production Co. Inc. isacquiring the Hardeman Basin properties. Aggregate daily productionfrom these properties is about 15 MMcfe/d of gas.
December 16, 1998
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