Genesis Exploration sold to U.S. firm

Article Abstract:

Tulsa, Okla.-based Vintage Petroleum Inc. will acquire Calgary, Alb.-based Genesis Exploration Ltd. for $740 million. The deal, which includes the assumption of approximately $160 million in Genesis Exploration's debt, will allow Vintage to expand its Canadian operations.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Vintage Petroleum Inc., VPI, Genesis Explortion Ltd.

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TransAlta looks to sell power lines

Article Abstract:

TransAlta Corp. is studying the possibility of divesting some of its power transmission lines as part of an effort to leave the regulated power sector. Power transmission is no longer part of the company's plan to become a "pure-play" generation firm.

Strategy & planning, Planning, Transalta Corp.

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More takeovers hit oil patch

Article Abstract:

San Jose, Calif.-based Calpine Corp. has offered $114 million for Calgary-based TriGas Exploration Inc. Houston, Texas-based Pendaries Petroleum Ltd. will be acquired by Ultra Petroleum Ltd. in an all-stock deal.

TriGas Exploration Inc., Calpine Corp., Pendaries Petroleum Ltd., Ultra Petroleum Corp., CPN

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