New to the scene as of three months ago, privately held CanadianMidstream Services Ltd. (CMSL) made its first acquisition when itacquired a significant interest in sour natural gas processingfacilities in west central Alberta from Poco Petroleum. Formed inCalgary by four former executives of Pan East Petroleum, which wasbought by Poco in December, CMSL aims to capitalize on assetacquisition opportunities.
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Questar Announces $50 Million Stock Repurchase Program
Questar Corp. announced plans to purchase up to $50 million ofits outstanding common stock on the open market or in privatelynegotiated transactions over the next two years.
April 19, 1999
Duke Build Canadian Services Arm, Buys Tescor
DukeSolutions, a subsidiary of Duke Energy, has acquiredprivately held Engineering Interface Limited of Toronto and itsmain subsidiary Tescor Energy Services, Inc. The new company willbecome the Canadian operations for DukeSolutions. Terms of theacquisition were not disclosed.
September 18, 1998
Trans Energy Closes Merger
Trans Energy Inc. said its merger with Natural Gas TechnologiesInc. (NGTI), a privately held oil and gas company based in Dallas,was completed March 26.
March 31, 1998