KANATA Energy Group Ltd.

KANATA Energy Group Ltd.

September 22, 2014 19:15 ET

KANATA Energy Group Ltd. Announces Construction and Acquisition of Natural Gas Processing Capacity in Northeast British Columbia

CALGARY, ALBERTA--(Marketwired - Sept. 22, 2014) - KANATA Energy Group Ltd. ("KANATA") is pleased to announce that it has entered into definitive agreements with UGR Blair Creek Ltd. ("UGR") to own and construct processing infrastructure in the Daiber area of northeast British Columbia.

"We are excited about this opportunity to work with UGR and to be able to serve the area's growing demand for natural gas gathering and processing infrastructure," said Kevin Cumming, President and Chief Executive Officer at KANATA. "KANATA is focused on developing long-term relationships by delivering flexible and responsive midstream solutions which provide for a sharing of risk with superior customer service."

KANATA is also pleased to announce that the new facilities have received regulatory approval and that construction is well underway. The new facilities, expected to be operational by January 2015, include compression, dehydration, refrigeration and condensate stabilization. Early planning for a facility expansion is also underway.

"UGR is pleased to be working with KANATA to advance this project. The transaction will enable UGR to focus on its core E&P business and quickly grow production knowing that we can rely on KANATA to have facilities ready when we need them," said Kin Chow, President of UGR.

Located in Calgary, Alberta, KANATA Energy Group Ltd. is a privately funded midstream infrastructure and service company with equity financing from a group of leading private investors including ARC Financial Corp., Energy Spectrum Capital and Teachers' Private Capital. Focused on the acquisition, construction and operation of gathering, processing and liquids extraction facilities in Western Canada, KANATA is committed to being the most responsive and customer focused infrastructure supplier in Canada's oil and gas industry.

UGR is a private company focused on the exploration for and development of unconventional resources in North America. UGR is developing its 25 TCF resource in British Columbia's North Montney play.

Contact Information

  • KANATA Energy Group Ltd.
    Kevin Cumming
    President & Chief Executive Officer
    (587) 774-7000
    info@kanataenergy.com

    KANATA Energy Group Ltd.
    Randy Hughes
    Vice President Business Development
    (587) 774-7000
    info@kanataenergy.com