Thursday, July 31, 2025
Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility - Oil & Gas 360

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18 natural gas facility to CSV Midstream Solutions for a total of approximately $470 million. The consideration includes approximately $330 million

Canada

New CEO Takes the Helm at AltaGas

David M. Harris, previously AltaGas’ (ticker: ALA; AltaGas.ca) president and COO, has succeeded David W. Cornhill as president and CEO, as announced previously. David Cornhill, founder of AltaGas, continues as chairman of the board. David Harris (B.Sc., MBA) joined AltaGas in 2010 and is an experienced project executive who has built hydroelectric projects internationally and in North America. Mr. Harris holds

Fortis Inc. Increases Utility Rate Base to $18 Billion with $11.3 Billion Acquisition

Canada’s Fortis acquires largest independent pure-play electric transmission company in the U.S. Fortis Inc. (ticker: FTS, FortisINC.com) announced today that it will acquire ITC Holdings Corp. for total consideration of $11.3 billion. Under the terms of the deal, ITC shareholders will receive $22.57 in cash and 0.752 Fortis shares for each ITC share, valuing each share of ITC at about