Niska Gas Storage Partners

Last updated
Niska Gas Storage Partners
Type Public
NYSE:  NKA
IndustryGas Utilities
Founded2006
Headquarters Houston, Texas
RevenueDecrease2.svg $185.91 Million (As of 2013) [1]
Number of employees
133
Website http://www.niskapartners.com

Niska Gas Storage Partners is a global gas storage service provider and the largest gas storage firm in North America. [2] [3] It operates business in Alberta, Canada and California, US and Oklahoma. [4] The company owns a natural gas storage capacity of 225.5 billion cubic feet. [2] It generates revenue by charging monthly natural gas storage fees to a variety of customers including institutions, gas generators, etc. [5] AECO Hub, consisting of three sub-facilities located both in Canada and US, [4] is the core storage facility of the company and is one of the most important natural gas producing sites in North America. [2] The company has a market capitalization of $1.05 billion and an enterprise value of 1.05 billion. [6]

Contents

History

The company is named after a Cree Indian word, niska meaning "Canada goose" indicating the company’s root as the Canadian developer of the first major trading point for natural gas in Alberta. [7]

In the early 2000s, the company acquired the former Manchester Gas Storage facility in Oklahoma, which was renamed Salt Plains Gas Storage, which is one of the three facilities that make up for AECO Hub. The company operated its business under the name, Niska Gas Storage, in 2006 when the natural gas storage business was acquired by Riverstone Holdings LLC. Four years later, the company launched an initial public offering [7]

Related Research Articles

<span class="mw-page-title-main">Sinopec</span> Chinese oil and gas enterprise

China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai.

<span class="mw-page-title-main">Marathon Oil</span> American company engaged in hydrocarbon exploration headquartered in Houston, Texas

Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. A direct descendant of Standard Oil, it also runs international gas operations focused on Equatorial Guinea, offshore Central Africa.

<span class="mw-page-title-main">TC Energy</span> Canadian energy company

TC Energy Corporation is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.

<span class="mw-page-title-main">Macquarie Infrastructure Corporation</span> American infrastructure corporation

Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses. Macquarie Infrastructure Corporation's business consists of the largest network of fixed-base operations in the United States, the largest bulk storage terminal business in the U.S., a gas production and distribution business, and a controlling interest in two district energy businesses. The company is headquartered in New York City. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. MIMUSA is a member of Sydney-based Macquarie Group Limited.

<span class="mw-page-title-main">Kinder Morgan</span> Energy Transportation Company

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.

<span class="mw-page-title-main">APA Corporation</span> American energy company

APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.

Sherritt International is a Canadian resource company, based in Toronto, Ontario. Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

<span class="mw-page-title-main">Oneok</span> Oklahoma based energy company

Oneok, Inc. is an American diversified corporation focused primarily on the natural gas industry, and headquartered in Tulsa, Oklahoma. The company is part of the Fortune 500 and S&P 500. Oneok was founded in 1906 as Oklahoma Natural Gas Company, but it changed its corporate name to Oneok in December 1980. It also owns major natural gas liquids (NGL) systems due to the 2005 acquisition of Koch Industries natural gas businesses.

<span class="mw-page-title-main">SemGroup</span>

SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP.

<span class="mw-page-title-main">Romgaz</span>

Societatea Națională de Gaze Naturale Romgaz SA Mediaș or simply Romgaz is the largest natural gas producer in Romania and one of the largest producers in Eastern Europe. The company is the country's main supplier and responsible for producing around 40% of the total natural gas consumption in Romania.

Enerplus Corporation is one of Canada’s largest independent oil and gas producers. The company holds oil and natural gas property interest in the United States and in western Canada, in the provinces of Alberta, British Columbia and Saskatchewan. The company is based out of Calgary, Alberta and trades on both the Toronto Stock Exchange and the New York Stock Exchange. It was Canada's first income trust.

<span class="mw-page-title-main">Canadian petroleum companies</span>

Although there are numerous oil companies operating in Canada, as of 2009, the majority of production, refining and marketing was done by fewer than 20 of them. According to the 2013 edition of Forbes Global 2000, canoils.com and any other list that emphasizes market capitalization and revenue when sizing up companies, as of March 31, 2014 these are the largest Canada-based oil and gas companies.

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

<span class="mw-page-title-main">Baytex Energy</span> Canadian energy company

Baytex Energy Corp. is an energy company based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and on the New York Stock Exchange under the symbol BTE.

Inter Pipeline Ltd. is a multinational petroleum transportation and infrastructure limited partnership that is ranked among North America's leading natural gas and NGL's extraction businesses. It is one of Alberta's top 100 companies in terms of profit (85) and assets (94).

Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada ; there is also a natural gas processing business that takes place at the Cutbank Complex. Western Canada is the source of all the product transported by its systems. Some of the pipelines and facilities have short term contracts with oil producers while others are long term. For 37 years until 1997 when it went public and established itself as a trust, Pembina was a regular privately owned business. On October 1, 2010 it converted to a corporation from a trust, changing its official name from Pembina Pipeline Income Fund to Pembina Pipeline Corporation. As of 2016 the company had more than 1260 employees, up from 427 in 2010. The company's total assets nearly doubled in 2017.

SJW Group ("SJW") is a water utility processing, distribution, wholesale and retail company based in San Jose, California. It serves 228,000 connections that serves over 1 million residents in regions of California, and approximately 17,000 connections, which serves about 60,000 people in Texas. The enterprise value is $3.76 billion.

Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets. Industry partners include American Petroleum Institute, Independent Petroleum Association of America - IPAA, US Chamber of Commerce et al. The company was founded in 1932 and is based in The Woodlands, Texas. In 2013, the company was awarded as one of the Top Customer Satisfaction companies in the Annual EnergyPoint Research Global Oil & Gas Industry Survey. The enterprise value of the company is $1.14 billion.

<span class="mw-page-title-main">NextEra Energy Partners</span>

NextEra Energy Partners LP, a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.

Tourmaline Oil is a Canadian energy company engaged in the exploration, development, and extraction of crude oil and natural gas. It is headquartered in Calgary, Alberta in Canada. A major natural gas producer, it became the largest natural gas producer in Canada in 2021. It is also the first Canadian oil and gas exploration and development company to directly engage in the liquified natural gas business.

References

Notes
  1. "Niska Gas Storage Partners LLC Quarterly ReportForm 10-Q - Quarterly report [Sections 13 or 15(d)]". SEC.gov. 2014-01-31. Retrieved 2014-02-20.
  2. 1 2 3 "Niska Gas Storage Partners Profile. Reuters.com". Reuters.com. Archived from the original on 2011-10-23. Retrieved 2014-02-20.
  3. "Is Niska Gas Storage Worth The Risk Of A 9.1% Yield?". seekingalpha.com. 2014-02-03. Retrieved 2014-02-20.
  4. 1 2 "NKA Profile |, Niska Gas Storage Partners Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  5. "Niska Gas Storage Partners Profile. Google Finance". Google.com. Retrieved 2014-02-20.
  6. "NKA Key Statistics | Niska Gas Storage Partners, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  7. 1 2 "Official Website Company History" . Retrieved 2014-02-20.