Energy & Mining International - Fall/Winter 2012 - (Page 150)

E M I VERESEN INC. CAN ADA FA L L / W I N T E R 2 0 1 2 Getting A Good Return With one significant investment, Veresen Inc. has built up its midstream portfolio while also gaining a foothold in Canada’s Montney Shale. • British Columbia and Alberta “As a relatively low-risk, long-term, fee-for-service investment, the Hythe/Steeprock complex is a cornerstone asset for our independent midstream business.” // CHRIS ROUSCH, vice president, midstream The Hythe/Steeprock Complex was attractive to Veresen because. of its high level of operational reliability and safety.. [ BY JAMIE MORGAN ] Veresen Inc. closed a deal in February 2012 on a low-risk asset with highgrowth potential. The company’s $920 million acquisition of the Hythe/Steeprock Complex, formerly owned by EnPROFILE cana Corp., has ushered it into Canada’s booming Montney Shale Play, the prolific natural gas resources located in British Columbia and Alberta. The acquisition includes the Hythe natural gas processing facility capable of Veresen Inc.. www.vereseninc.com | Headquarters: Calgary | Employees: 214 Specialty: Energy infrastructure processing 340 million cubic feet per day (mmcf/d) of sweet gas and 176 mmcf/d of sour natural gas as well as the Steeprock processing facility, which has a capacity of 198 mmcf/d of sour natural gas. The purchase also includes about 40,000 horsepower of field compression and 370 kilometers of gas gathering lines. Under Encana’s ownership, the complex was used strictly for in-house purposes as part of Encana’s vertical integration as a producer and processor of natural gas. Part of its deal with Veresen included a long-term midstream services agreement under which Encana provides a competitive, long-term, takeor-pay throughput commitment averaging 370 mmcf/d, representing 72 percent of the functional capacity of the Hythe/Steeprock complex. The deal allows Encana, whose resource plays in the Montney shale encompass more than 1 million acres of land and in excess of 500 mmcf/d of natural gas production, to still leverage the capabilities of this plant. However, the plants acquisition by Veresen now opens this complex to other producers in the region, as well. 150 emi-magazine.com http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Contents
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
ECO/AFS
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
CAUSA
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012

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