Prized

An epic Canadian environmental contest has ended in victory for a prized patch of wild Alberta plains and a loss for a natural gas producer. A 1,275-well, shallow-gas drilling program, proposed by Cenovus Energy, will not be allowed, federal Environment Minister Peter Kent announced Friday.

Chesapeake Energy Corp. on Wednesday clinched multiple agreements to sell most of its prized Permian Basin properties to heavyweights Royal Dutch Shell plc and Chevron Corp. and its remaining midstream properties to Global Infrastructure Partners (GIP), which together with other asset sales would give the cash-strapped producer total net proceeds of $6.9 billion.

After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.

In less than an hour’s time Thursday the Bureau of Land Management (BLM) auctioned 31 parcels on 55,186 acres of the prized Roan Plateau in Colorado for natural gas and oil development. How soon development begins, however, is anybody’s guess.

In less than an hour’s time Thursday the Bureau of Land Management (BLM) auctioned 31 parcels on 55,186 acres of the prized Roan Plateau in Colorado for natural gas and oil development. How soon development begins, however, is anybody’s guess.

The federal lands of Colorado’s Roan Plateau, long prized for its natural gas riches and wildlife, will be up for auction Aug. 14, the Bureau of Land Management (BLM) said Monday.

Breaking off another piece of its prized exploration and production (E&P) business, Dominion agreed last week to sell its Canadian properties to a combo of Calgary-based energy trusts, Paramount Energy Trust and Baytex Energy Trust, for US$583 million.

Breaking off another piece of its prized exploration and production (E&P) business, Dominion on Tuesday agreed to sell its Canadian properties to a combo of Calgary-based energy trusts, Paramount Energy Trust and Baytex Energy Trust, for US$583 million.

El Paso Corp. on Friday sold its prized ANR Pipeline Co., Michigan storage assets and its 50% interest in Great Lakes Gas Transmission to TransCanada Corp. and TC PipeLines LP for $4.135 billion, which includes $744 million in debt. The sale, rumored after El Paso’s proposed Continental Connector pipeline project fell through, is expected to close early next year.