Calgary, Alberta, Canada
In July 1999, Energy Spectrum invested in Canadian Midstream Services (“CMSL”), a provider of gas gathering, compression, treating and processing services to energy producers in western Canada. CMSL’s strategy was to expand its asset base by acquiring and developing additional midstream assets in western Canada. CMSL originally acquired an interest in the Brazeau River Gas Plant in Alberta along with all of the gathering and compression systems that served the plant. In the first quarter of 2000, CMSL doubled its size with the acquisition of the Peggo Pesh processing and gathering assets in Northeast British Columbia from TransCanada Midstream. In September 2000, CMSL acquired the Nevis sour gas plant from Western Facilities Fund, resulting in net processing capacity in excess of 330 MMcfd. CMSL was sold to Duke Energy Midstream Services Canada in May 2001.