Tuesday, March 4, 2025

Enbridge and Spectra Energy Merger Expected to Close February 27, 2017

HIGHLIGHTS All conditions in merger agreement have been met; Transaction expected to close on February 27 The combined company will be a global energy infrastructure leader and the largest energy infrastructure company in North America with roughly C$166 billion (US$126 billion) enterprise value Leading strategic business platforms including liquids and natural gas pipelines, natural gas distribution utilities and renewable power

Enterprise Extends Gas Processing Agreement with Ultra in Pinedale

Enterprise Products Partners L.P. (ticker: EPD) announced it has renegotiated and extended an agreement with Ultra Petroleum Corp (ticker: UPL) to process natural gas from Ultra’s production in the Pinedale Field in southwestern Wyoming. The agreement secures a 20-year supply of natural gas for Enterprise’s Pioneer cryogenic processing facility in Sublette County, Wyoming. The Pioneer cryogenic natural gas processing facility has a total capacity

Samson Oil & Gas Limited: Conventional Production Success

Newly acquired Foreman Butte field is new focus Based on recent headlines, an investor could believe that the only oil and gas opportunities are found in unconventional basins. However, conventional opportunities still exist, and some companies are taking advantage of these availabilities. Samson Oil & Gas (ticker: SSN) is currently focusing on just such a conventional asset, the Foreman Butte

U.S. Rigs Continue to Move to Texas

U.S. rigs up 252 from last year Baker Hughes released its weekly count of working rigs today, covering the week ended February 24, 2017. The U.S. rig count increased by three rigs this week, while Canadian rigs increased by 10 and international rigs increased by 4. The total number of rigs in the U.S. is now 754. The gains came