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Vol. 9, No. 18 Week of May 02, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


The spin goes on

Energy trust sector breaks new ground with merger of E&P firms in C$1B deal, plus spin off of two junior companies to explore high-risk plays

Gary Park

Petroleum News Calgary Correspondent

The Canadian oil patch is in full spin cycle. It started in the 1990s as major E&P companies found that trying to replace diminishing reserves through the drill bit was a losing proposition. So they started spinning off conventional assets to a variety of buyers, with juniors among their leading pu....

    [additional news subjects in this story]

First merger of producers to form a trust


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