TransCanada purchases Columbia Pipeline Group
Monday, March 21, 2016
TransCanada Corp. purchased Columbia Pipeline Group Inc. for $10.2 billion, according to Bloomberg.
The deal includes more than 15,000 miles of gas pipeline, underground gas storage and processing facilities. As gas production has increased in Appalachia, TransCanada wanted to increase its presence in the region. The deal will allow it to get a pipeline in the Marcellus shale.
The source reports that after the Keystone XL oil pipeline project fell through, TransCanada sued the U.S. government and has been trying to get $15 billion in costs and damages from the failed deal.
Read more: Bloomberg > TransCanada Locks in Growth With $10.2 Billion Pipeline Deal
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.