Encana to sell Piceance basin midstream natural gas assets

Encana Corp. unit Encana Oil & Gas (USA) Inc. agreed to sell a portion of its Piceance natural gas midstream assets in Colorado to a private midstream company. The assets included in the sale serve Encana’s Mamm Creek, Orchard, and South Parachute production around Rifle, Colo., about 180 miles west of Denver. They gather and transport about 500 MMcfd, and include about 260 miles of pipeline and 90,000 hp of compression.

Encana expects the $590-million sale, subject to regulatory approvals and customary conditions, to close in the fourth quarter.

The company is also in the process of divesting its Cabin gas Plant, 60 km west of Fort Nelson in British Columbia’s Horn River basin, and its Cutbank Ridge midstream assets in northeast British Columbia and northwest Alberta. Construction on the first of two 400 MMcfd processing trains at the Cabin plant is under way, with Encana stating earlier in the year that it hoped to begin operations in 2012 (OGJ Online, Jan. 18, 2011).

Encana produced 401 MMcfed at Cutbank Ridge in 2010, from the Montney, Cadomin, and Doig formations. The company called off joint-venture talks with PetroChina regarding Cutbank Ridge in June (OGJ Online, June 21, 2011).

Contact Christopher E. Smith at chriss@ogjonline.com.

Related Articles

Bill Barrett sells gas-rich assets, focuses on Wattenberg

10/17/2014 Bill Barrett Corp. has agreed to divest the majority of its acreage in the Powder River basin and its remaining position in the Gibson Gulch area i...

Utah's crude transportation options include Uinta Express project

09/01/2014 Utah's crude oil transportation options-which include Tesoro Refining & Marketing Co. LLC's proposed Uinta Express Pipeline-typify the broader ...

Proposal would create patchwork of regulations in Colorado

04/16/2014 Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas develo...

WPX to develop San Juan Gallup oil discovery

09/09/2013 WPX Energy Inc., Tulsa, will drill 8-10 development wells in New Mexico in 2013 near a San Juan basin oil discovery at which the first four wells f...

WPX Energy increases Piceance basin drilling

06/05/2013 WPX Energy Inc. plans to add two drilling rigs in western Colorado’s Piceance basin for the rest of 2013, making a total of seven compared with ear...

First Uinta basin ozone formation study released

02/25/2013 A collaboration involving Utah's Division of Air Quality, county governments in eastern Utah, researchers from Utah State University, and the Weste...

Piceance Niobrara/Mancos horizontal work growing

02/19/2013 Fourteen horizontal wells have been drilled in the Cretaceous Mancos shale in the Piceance basin in northwestern Colorado, said Dejour Energy Inc.,...

WPX gauges Piceance horizontal Niobrara gas find

01/23/2013 WPX Energy Inc., Tulsa, has revealed a horizontal Niobrara shale gas discovery in the Piceance basin of Colorado that the company said has the pote...

Encana, Nucor report joint Piceance basin gas drilling plan

11/26/2012 Steel manufacturer Nucor Corp. of Charlotte, NC, and Encana Oil & Gas (USA) Inc. agreed to a joint natural gas drilling program for the Piceanc...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST



On Demand

Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected