Calgary-based Canadian Superior Energy Inc. has sold its 10% interest in its Waterton area assets in the foothills of southwest Alberta to Hunt Oil Co. of Canada for C$18 million. The assets averaged approximately 2.5 MMcf/d in the past year and include a 10% working interest in 50,000 gross acres of undeveloped land.
Sells
Articles from Sells
Murphy Sells Canadian Crude Assets
Murphy Oil Corp. has agreed to sell Houston-based Plains AllAmerican Pipeline LP its Canadian crude oil pipeline and truckingoperation for US$155 million, including inventory. The salereflects Murphy’s announcements recently to increase its upstreamcapital budget this year, targeting deepwater Gulf of Mexico andnortheastern British Columbia natural gas wells.
CMS Sells Stock to Banc of America Securities
CMS Energy Corp. announced it sold 10 million primary shares ofcommon stock Friday in a block trade to Banc of America Securities,and deferred indefinitely its previously announced plans for aninitial public offering of up to 50% of its subsidiary, CMS Oil andGas Co. With the new issue, CMS Energy will have approximately131.3 million common shares outstanding.
Westcoast Sells NGX to Sweden’s OM
Westcoast Energy exercised its option to sell its remaining 49%interest in NGX Canada (NGX), an electronic gas trading exchange,to OM Gruppen of Stockholm, Sweden. The deal is likely to lead to asignificant upgrade of the Canadian trading system possibly to acontinental system with multiple commodity offerings, according toits new owner.
Westcoast Sells NGX to Sweden’s OM
Westcoast Energy exercised its option to sell its remaining 49%interest in NGX Canada (NGX), an electronic gas trading exchange,to OM Gruppen of Stockholm, Sweden. The deal is likely to lead to asignificant upgrade of the Canadian trading system possibly to acontinental system with multiple commodity offerings, according toits new owner.
PG&E Sells Calpine Rights for San Diego Plant
After struggling through an extended state approval process thatwas only revitalized earlier in the year with a uniquemobile-source air emissions credit deal, San Francisco-basedPG&E Corp. Monday completed a deal to sell the development andoperating rights for its proposed 500 MW Otay Mesa power projectsouth of San Diego to Calpine Corp., San Jose, CA, the aggressivemerchant power plant developer.
TransCanada Sells Four Mexican Assets to GDF
Continuing its vast divestiture program, TransCanada PipeLinesagreed to sell four natural gas pipelines and gas marketingbusinesses in Mexico to GDF International SA, a subsidiary of Gazde France for approximately $150 million. The deal includesinterest in a 700-kilometer pipeline, interest in another200-kilometer pipeline under construction, a marketing company anda company offering bundled energy services.
TransCanada Sells Four Mexican Assets to GDF
Continuing its vast divestiture program, TransCanada PipeLinesagreed to sell four natural gas pipelines and gas marketingbusinesses in Mexico to GDF International SA, a subsidiary of Gazde France for approximately $150 million. The deal includesinterest in a 700-kilometer pipeline, interest in another200-kilometer pipeline under construction, a marketing company anda company offering bundled energy services.
Gulf Canada Mails Crestar Offer, Sells GMS Co.
Gulf Canada Resources Ltd. has been a very busy company thisOctober, and its only just beginning. After announcing it plannedto acquire Crestar Energy two weeks ago, the company yesterday saidit has mailed its formal purchase offer to the shareholders ofCrestar, and in unrelated news, the company has sold its remaining50% interest in Gulf Midstream Services (GMS) located in westernCanada to Keyspan Corp.
Columbia Sells Electric Subsidiary for $200 Million
Columbia Energy Group has entered into an agreement with OrionPower Holdings of Baltimore, MD, to sell all of the outstandingshares of its subsidiary Columbia Electric Corp. for $200 millionin cash plus the assumption of project-related debt. Included inthe deal is 4,000 MW of capacity in construction and developmentphases.