Struck

Kitimat LNG Inc. has signed a memorandum of understanding (MOU) with EOG Resources Canada for the supply of natural gas to Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Kitimat, BC. Kitimat LNG recently struck two deals to supply LNG from the terminal.

Calgary-based Bonavista Energy Trust, which struck a deal with EnCana Corp. to acquire 409,000 net acres in west-central Alberta, said the transaction would raise its current output by 22% and future production would be 60% weighted to natural gas.

Kitimat LNG Inc. has signed a memorandum of understanding (MOU) with EOG Resources Canada for the supply of natural gas to Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Kitimat, BC. Kitimat LNG recently struck two deals to supply LNG from the terminal.

Enterprise Products Partners and TEPPCO Partners LP last week struck a $3.3 billion all-stock deal to create the largest publicly traded energy partnership with an enterprise value of more than $26 billion.

Private equity appears to be finding a home in some onshore natural gas plays after two more deals were struck last week.

Alaska’s Chugach Electric Association struck a seven-year gas supply contract with ConocoPhillips that is expected to head off a significant supply shortfall that had been expected by the utility. As part of the deal, Chugach, the largest electric utility in the state, dropped a challenge to a liquefied natural gas (LNG) license extension that had been awarded to Alaska producers.

Alaska’s Chugach Electric Association struck a seven-year gas supply contract with ConocoPhillips to head off a significant supply shortfall that had been expected by the utility. As part of the deal, Chugach, the largest electric utility in the state, dropped a challenge to a liquefied natural gas (LNG) license extension that had been awarded to Alaska producers.

Calgary-based producer MGM Energy Corp. has struck an agreement with Chevron Canada Ltd. and BP Canada to restructure a farmout agreement, allowing it to delay drilling and seismic activity due to repeated holdups in progress on the Mackenzie Gas Project, MGM said last Tuesday.

Calgary-based producer MGM Energy Corp. has struck an agreement with Chevron Canada Ltd. and BP Canada to restructure a farmout agreement, allowing it to delay drilling and seismic activity due to repeated holdups in progress on the Mackenzie Gas Project, MGM said Tuesday.