Northern Border Partners LP announced plans yesterday toincrease its position in the Powder River Basin with the purchaseof gas gatherer Bear Paw Energy LLC for $370 million from aconsortium of investors led by Bear Paw Energy Management and J.P.Morgan Partners.
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OGE Snags Another Transok Contract
OGE Energy Corp. has scored a second natural gas transportationcontract in less than a month for its Transok pipeline system, thelatest with PECO Energy Co.’s Power Team to transport gas to a new800 MW power plant under construction in Jenks, OK. Enogex Inc., anOGE subsidiary, will operate the new facility.
Crosstex Snags Tejas Line from Coral
Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.
Crosstex Snags Tejas Line from Coral
Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.
BP Amoco Snags CA General Services Contracts
BP Amoco for a third time in five years has won the annualbidding for California’s natural gas purchasing program for about120 state operated facilities, it was announced Thursday by thestate top purchasing agency, the California General ServicesDepartment, Sacramento, CA.
AEC Snags McMurry Oil, Gets 35% Stake in Jonah Field
Alberta Energy Co. Ltd. became more U.S. than Canadian producerlast week by grabbing a major foothold in the Rocky Mountainregion. The company is buying all the common shares of McMurry Oil,which owns 1.2 Tcf of gas reserves and significant explorationacreage in the Jonah Field in the Green River Basin in southwesternWyoming. It also is purchasing the 245-mile Jonah Field gasgathering system, which currently transports 320 MMcf/d of gas andis primed for an expansion to 440 MMcf/d. The transactions arevalued at a total of C$1.15 billion.
AEC Snags McMurry Oil, Grabs 35% Stake in Jonah Field
Alberta Energy Co. Ltd. became more U.S. than Canadian produceryesterday by grabbing a major foothold in the Rocky Mountainregion. The company is buying all the common shares of McMurry Oil,which owns 1.2 Tcf of gas reserves and significant explorationacreage in the Jonah Field in the Green River Basin in southwesternWyoming. It also is purchasing the 245-mile Jonah Field gasgathering system, which currently transports 320 MMcf/d of gas andis primed for an expansion to 440 MMcf/d. The transactions werevalued at a total of C$1.15 billion.
Coastal Snags TransCanada Assets
TransCanada PipeLines announced last week that all of its U.S.midstream assets and its gas liquids trading and marketingoperations have been purchased by Coastal Corp.’s field servicessubsidiary for an undisclosed sum.
Coastal Snags TransCanada Assets
TransCanada PipeLines announced yesterday that all of its U.S.midstream assets and its gas liquids trading and marketingoperations have been purchased by Coastal Corp.’s field servicessubsidiary for an undisclosed sum.