In an effort to further align its businesses, portfolio and resources to focus on wholesale markets, Duke Energy has sold its DukeSolutions business to Framingham, MA-based Ameresco Inc., a privately held energy services company. Terms of the transaction were not disclosed.
Portfolio
Articles from Portfolio
Duke Energy to Sell DukeSolutions to Ameresco Inc.
In an effort to further align its businesses, portfolio and resources to focus on wholesale markets, Duke Energy has sold its DukeSolutions business to Framingham, MA-based Ameresco Inc., a privately held energy services company. Terms of the transaction were not disclosed.
Kinder Morgan Doubles Third Quarter Earnings
Kinder Morgan, Inc. may not be recession-proof, but its fee-based portfolio of midstream assets clearly felt no ill effects during the third quarter, according to CEO Richard Kinder. The company produced a 109% increase in third quarter net income to $58.2 million, or $0.48 per diluted common share, exceeding Wall Street consensus estimates by 2 cents/share. The results compared to $26.7 million, or $0.23 per diluted common share, in the third quarter of 2000.
Kinder Morgan Doubles Third Quarter Earnings
Kinder Morgan, Inc. may not be recession-proof, but its fee-based portfolio of midstream assets clearly felt no ill effects during the third quarter, according to CEO Richard Kinder. The company produced a 109% increase in third quarter net income to $58.2 million, or $0.48 per diluted common share, exceeding Wall Street consensus estimates by 2 cents/share. The results compared to $26.7 million, or $0.23 per diluted common share, in the third quarter of 2000.
NXT Adds 3,300 Green River Basin Acres to Portfolio
Calgary-based Energy Exploration Technologies (NXT) said on Friday that it has acquired an interest in over 3,300 additional acres covering its Antelope Tail prospect in the Green River Basin of Wyoming, increasing its project area including its adjacent Poblano acreage block to a total of 25,000 acres.
Ensign, Gwich’in to Serve Drillers Near Mackenzie Pipe Site
Anticipating the development of a natural gas pipeline in the Mackenzie Delta Valley to move supplies to the Lower 48, Ensign Resource Service Group Inc. and Gwich’in Development Corp. (GDC) have teamed up in a joint venture to provide drilling and oilfield services in the Northwest Territories. Ensign, based in Calgary, is Canada’s second largest drilling firm, and has given GDC, an aboriginal company, a 51% stake in the deal establishing Gwich’in Ensign Oilfield Services Inc. (GEOS).
Barrett Building Legacy Portfolio in Rockies
CEO Peter Dea’s vision for Barrett Resources Inc. in the mid-1990s was to build the premier exploration and production company in the Rocky Mountains and to double its reserve base in three to five years. Through a solid execution plan that was only temporarily distracted with E&P in the Gulf of Mexico, Barrett has had 13% annual growth in the past six years with production standing at 350 MMcf/d — effectively doubling its reserve base in less than three years.
Barrett Building Legacy Portfolio in Rockies
CEO Peter Dea’s vision for Barrett Resources Inc. in the mid-1990s was to build the premier exploration and production company in the Rocky Mountains and to double its reserve base in three to five years. Through a solid execution plan that was only temporarily distracted with E&P in the Gulf of Mexico, Barrett has had 13% annual growth in the past six years with production standing at 350 MMcf/d — effectively doubling its reserve base in less than three years.
Dominion to Add 1,100 MW to PA Region
Dominion is on course to add 1,100 MW of natural gas-firedgeneration to its electric portfolio in Pennsylvania by the secondquarter of 2004 to help meet growing energy demand in the region.The merchant power facility will sell competitive energy to buyersin newly opened wholesale markets.
Reliant Signs Its Largest Gas Sales Agreement
In the largest supply deal of its growing unregulated portfolio,Reliant Energy Retail Group announced yesterday it has inked ClarkRefining & Marketing’s Port Arthur, TX, hydrogen complex to along-term supply deal worth a potential 43.8 Bcf/year.