ATCO Combines Operations of ATCO Midstream and ATCO Energy Solutions
01 Agosto 2012 - 8:00PM
Marketwired
ATCO announced today the combination of the operations of ATCO
Midstream and ATCO Energy Solutions in order to pursue emerging
opportunities and provide a wider range of services to commercial
energy customers.
Effective today, ATCO Midstream and ATCO Energy Solutions will
operate under the name ATCO Energy Solutions, reflecting its focus
on offering comprehensive gas storage, industrial water
infrastructure, natural gas gathering, processing, transportation
and gas liquids services to the oil and gas sector.
"The extensive assets and proven expertise in ATCO Energy
Solutions will provide for strategically situated initiatives to
serve the growing demand from upgrader operators, and for storage
and transportation in Western Canada's dynamic energy sector," said
Nancy Southern, President & Chief Executive Officer, ATCO
Group.
Arnold MacBurnie, the former Senior Vice President at Shell
Energy North America (Canada) Inc., who joined ATCO in February,
has been named Managing Director & President, ATCO Energy
Solutions.
"The combination of diverse technical and business capabilities
from wellhead through processing, pipelines, storage and sales
establishes the foundation for strategic expansion and enhanced
services," said Mr. MacBurnie. "We will build on strong
relationships, our people and their operating expertise to pursue
opportunities to expand and grow our business."
ATCO Energy Solutions, part of ATCO Group, provides
comprehensive gas storage, industrial water infrastructure, natural
gas gathering, processing, transportation and gas liquids services
to the oil and gas sector. ATCO Energy Solutions owns or has
interests in eight natural gas gathering and processing and four
natural gas extraction facilities, which combined have a total
processing capacity of approximately 1.8 bcf per day.
ATCO Group, with more than 8,800 employees and approximately $13
billion in assets, delivers service excellence and innovative
business solutions worldwide with leading companies engaged in
structures & logistics (manufacturing, logistics and noise
abatement), utilities (pipelines, natural gas and electricity
transmission and distribution), energy (power generation, natural
gas gathering, processing, storage and liquids extraction) and
technologies (business systems solutions). More information can be
found at www.atco.com.
Forward-Looking Information:
Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "intend", "should",
and similar expressions. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. The Corporation believes that the
expectations reflected in the forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon.
The Corporation's actual results could differ materially from
those anticipated in these forward-looking statements as a result
of regulatory decisions, competitive factors in the industries in
which the Corporation operates, prevailing economic conditions, and
other factors, many of which are beyond the control of the
Corporation.
The forward-looking statements contained in this news release
represent the Corporation's expectations as of the date hereof, and
are subject to change after such date. The Corporation disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities
regulations.
Contacts: ATCO Energy Solutions Arnold MacBurnie Managing
Director & President 403-513-3682
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