Another Canadian Energy Deal: Enbridge Buying Some Midstream Assets From Encana

Link here to Reuters.

Data points:

• Enbridge to buy "certain" gas facilities from Encana Corp
• Peace River Arch region in northwestern Alberta
• will strengthen the gathering and compression business of Canada's second-largest pipeline company
• total cost about $265 million (Canadian)
• Encana trying to shift to oil and liquids-rich gas production in lieu of natural gas (which got hammered again today)

Also, an Oil & Gas Journal link here. 

Enbridge Inc. has entered a midstream services agreement with Encana Corp. to develop gas gathering and compression in the Peace River Arch (PRA) region of northwestern Alberta. The agreement includes Enbridge’s acquisition from Encana of certain gathering and compression facilities in the PRA region currently in service and under construction, with an expected closing date in December.

The financial terms of the gathering and compression midstream services agreement will parallel previously established terms between the two companies reached in 2011.
Enbridge also agreed with the other owners of the Cabin Gas Plant development to defer the commissioning of Cabin Phase 1 and construction of Cabin Phase 2.......

Completion of construction in 2013 will bring Enbridge's total investment in the PRA region to roughly $264 million. Enbridge expects its investment in the Cabin and PRA region will exceed the previous level of capital committed to Cabin Phases 1 and 2.

A Note to the Granddaughters

This is so cool.

My wife sent me the link to this video: the oldest restaurant in Los Angeles with the best sandwich.

This really is a cool story for us. We have spent a fair amount of time in Los Angeles, but it was only by happenstance that a friend mentioned this restaurant to us. We seldom get to the restaurant, but I  have to admit, it is one of may favorites: Philippe the Original. 

Notice that unless Yahoo changes the caption, Yahoo has misspelled "Philippe" -- with two "els." It is within walking distance -- about two city blocks -- from Los Angeles Union Station, Amtrak. Crossing the broad boulevard is about the longest stretch of that two-city-block walk.

I might have to list our top ten restaurants in the LA area someday. I have three so far: Philippe the Original (Union Station); Eatalian Cafe (Gardena); and In 'N Out (everywhere).

A YouTube video of the same:
Philippe the Original