Niska Gas Storage Partners is a global gas storage service provider and the largest gas storage firm in
North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
.
It operates business in
Alberta
Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...
, Canada and
California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...
, US and
Oklahoma
Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...
.
The company owns a natural gas storage capacity of 225.5 billion cubic feet.
It generates revenue by charging monthly natural gas storage fees to a variety of customers including institutions, gas generators, etc.
AECO Hub, consisting of three sub-facilities located both in Canada and US,
[ is the core storage facility of the company and is one of the most important natural gas producing sites in ]North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
.[ The company has a market capitalization of $1.05 billion and an enterprise value of 1.05 billion.]
History
The company name is the Cree
The Cree ( cr, néhinaw, script=Latn, , etc.; french: link=no, Cri) are a Indigenous peoples of the Americas, North American Indigenous people. They live primarily in Canada, where they form one of the country's largest First Nations in Canada ...
word ''niska'', meaning "Canada goose
The Canada goose (''Branta canadensis''), or Canadian goose, is a large wild goose with a black head and neck, white cheeks, white under its chin, and a brown body. It is native to the arctic and temperate regions of North America, and it is o ...
", indicating the company’s root as the Canadian developer of the first major trading point for natural gas in Alberta
Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...
.Oklahoma
Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...
, 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
Riverstone Holdings is a multinational private equity firm based in New York City focused on leveraged buyout, growth capital, and credit investments in the energy industry and electrical power industry sectors. The firm focuses on oil and gas e ...
LLC. Four years later, the company launched an initial public offering[
]
References
;Notes
External links
Official website
{{Authority control
Companies based in Houston
Business services companies established in 2006
Natural gas storage
Companies listed on the New York Stock Exchange