Encana Corp. has completed the sale to Veresen Inc. of natural gas processing assets in the Cutbank Ridge area, which straddles Alberta (AB) and British Columbia (BC), for close to C$920 million (see Daily GPI, Dec. 8, 2011). The sale includes 100% interest in the Steeprock plant in northeast BC and the Hythe plant in northwest AB, which combined provide about 516 MMcf/d of gas processing capacity, as well as compression and 370 kilometers of associated gathering pipelines. As part of the sale, Encana entered into a long-term gathering and processing fee agreement with Veresen on terms that provide cost stability for ongoing development in Cutbank Ridge and help in delivering the gas to market.
Straddles
Articles from Straddles
Canadian Report Says Risks Facing LNG Tankers Can Be Mitigated
A study commissioned by the Canadian government concludes that the passage of liquefied natural gas (LNG) tankers through the choppy waters of Passamaquoddy Bay, which straddles the US.-Canadian border, would involve a “considerable level of risk,” but it said that mitigation measures could significantly lower that risk.
October 8, 2007
Canadian Report Says Risks Facing LNG Tankers Can Be Mitigated
A study commissioned by the Canadian government concludes that the passage of liquefied natural gas (LNG) tankers through the choppy waters of Passamaquoddy Bay, which straddles the US.-Canadian border, would involve a “considerable level of risk,” but it said that mitigation measures could significantly lower that risk.
October 3, 2007
Hugoton Gas Field May be Viable to 2050
The massive Hugoton natural gas field that straddles the southwestern edge of Kansas and northern Oklahoma has been in decline for the past 10 years, but a study by the Kansas Geological Survey (KGS) at the University of Kansas indicates that the gas still in place could be extended through 2050, provided the integrity of 40- to 70-year-old wells is maintained.
April 30, 2007
Hugoton Gas Field May be Viable to 2050
The massive Hugoton natural gas field that straddles the southwestern edge of Kansas and northern Oklahoma has been in decline for the past 10 years, but a study by the Kansas Geological Survey (KGS) at the University of Kansas indicates that the gas still in place could be extended through 2050, provided the integrity of 40- to 70-year-old wells is maintained.
April 30, 2007
EnCana Expects to Recover More than 4 Tcf in New Gas Play
Cutbank Ridge, a newly acquired gas play that straddles the British Columbia and Alberta border, is expected to help Calgary-based independent EnCana ultimately recover more than 4 Tcf, the company said last week. EnCana, a top leaseholder in the Canadian and U.S. Rocky Mountains, already has invested about C$500 million in exploration drilling and land sales in Cutbank Ridge, which covers nearly half a million acres.
September 29, 2003
EnCana Expects to Recover More than 4 Tcf in New Gas Play
EnCana expects to ultimately recover more than 4 Tcf from Cutbank Ridge, a newly acquired gas play that straddles the British Columbia and Alberta border. The Calgary-based independent, which already has a stronghold in the Canadian and U.S. Rocky Mountains, said Monday it has invested about C$500 million in exploration drilling and land sales in Cutbank Ridge, which covers nearly half a million acres.
September 23, 2003
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