Mirant Canada Energy Capital Ltd. has agreed to provide a $150 million (Can.) project financing facility for the development and production activities in Canada of Grey Wolf Exploration Inc., a wholly owned subsidiary of Abraxas Petroleum Corp., San Antonio. It will replace Grey Wolf's existing bank facility.
Regent Energy Corp., Houston, has acquired leases in Bayou Bouillon field in South Louisiana from an undisclosed seller for $50,000 plus the assumption of $238,000 in delay rentals. The field, in a salt dome in the Atchafalaya swamp, contains 4.6 bcfe of proven reserves.
A unit of Shell Chemical LP, Houston, has completed the acquisition of Sunoco Inc.'s 77,000 b/d Yabucoa refinery in Puerto Rico. Terms of the agreement were not disclosed (OGJ Online, Sept. 27, 2001). Sunoco, of Philadelphia, shut down the refinery in May because it failed to generate sufficient return.
FMC Corp., Philadelphia, has completed the spinoff of FMC Technologies Inc., Houston.