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Questar applies to add Canyon Creek acquisition to Wexpro II


Published Sep 1, 2015
Questar Corporation

Questar Corporation subsidiary Questar Gas Company (Questar Gas) has submitted an application to the Public Service Commissions of Utah and Wyoming seeking approval to include the recently acquired Canyon Creek property as a Wexpro II development and production asset. In December 2014, Wexpro Company (Wexpro) closed on this $52.7 million acquisition of the remaining 30% ownership interest in natural gas producing properties in the Canyon Creek field, located in the Vermillion Basin in southwest Wyoming.

Wexpro now has a 100% ownership interest in this field, a property that produces some of its lowest-priced cost-of-service natural gas. Under the Wexpro II Agreement, Questar Gas is required to apply for approval to include any properties acquired by Wexpro within the original Wexpro Agreement’s development-drilling area, as Wexpro II properties.

Tags: Questar Corporation




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