Sunday, February 23, 2025

Another Approval in Merger of WGL Holdings and AltaGas

The Maryland Public Service Commission gave its blessing Wednesday, allowing the combination of WGL Holdings, Inc. (ticker: WGL) with AltaGas Ltd. (ticker: ALA) to proceed. The $4.5 billion merger brings together two energy companies. The commission voted 4 to 1 in favor of the merger. Maryland PSC joins the Virginia State Corporation Commission, FERC, FTC, DOJ, and the Committee on

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all cash transaction (the “Transaction”) valued at approximately C$8.4 billion. WGL is a diversified energy infrastructure company which is the sole

AltaGas Announces Positive FID on Ridley Island, Canada’s First Opportunity to Ship its Propane Directly to Asia

Canadian advantage:  Ridley Island’s planned 1.2 MMTPA capacity will allow Western Canada’s producers to sell propane to Asia from B.C. with transit time of 10 days vs. 25 days from U.S. Gulf coast AltaGas Ltd. (ticker: ALA) announced a positive Final Investment Decision (FID) this week on its Ridley Island Propane Export Terminal, having received approval from federal regulators, the company

Painted Pony Petroleum– Day Two Breakout Notes

Painted Pony Petroleum presents at EnerCom’s The Oil & Gas Conference® During Painted Pony’s breakout sessions, management was asked the following questions: Birchcliff did a big acquisition in the Montney is that something that you would consider? Have you looked at other regions of the Montney? Are you running into specific regulations that are affecting operations? Plans to move back

EnerCom Conference Presenter Focus: Painted Pony Petroleum

Painted Pony Petroleum LTD. will present at EnerCom’s The Oil & Gas Conference® on Tues. Aug. 16, 2016 Painted Pony Petroleum (ticker: PPY) is a Canadian exploration and production company headquartered in Calgary, Alberta, operating in the natural gas liquids Montney play in northern British Columbia. The company had production of 99.6MMcfe/d (16,601 boe/d) in the first quarter 2016. The

Canada

New CEO Takes the Helm at AltaGas

David M. Harris, previously AltaGas’ (ticker: ALA; AltaGas.ca) president and COO, has succeeded David W. Cornhill as president and CEO, as announced previously. David Cornhill, founder of AltaGas, continues as chairman of the board. David Harris (B.Sc., MBA) joined AltaGas in 2010 and is an experienced project executive who has built hydroelectric projects internationally and in North America. Mr. Harris holds

AltaGas Closes $125 Million Medium-Term Offering

AltaGas Ltd. Closes US$125 Million Medium-Term Note Offering AltaGas Ltd. (“AltaGas”) (TSX:ALA) today announced that it has completed its US$125 million issue of senior unsecured medium-term notes (the “Offering”). The notes carry a floating rate coupon of three month LIBOR plus 0.85 percent and mature on April 17, 2017. The net proceeds resulting from the Offering will be used to

AltaGas Announces $125 Million Offering

AltaGas Ltd. Announces US$125 Million Medium-Term Note Offering AltaGas Ltd. (“AltaGas”) (TSX:ALA) today announced that it has agreed to issue US$125 million senior unsecured medium-term notes (the “Offering”). The notes carry a floating rate coupon of three month LIBOR plus 0.85 percent and mature on April 17, 2017. The Offering is expected to close on or about April 14, 2015.