This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Encana Opens First Liquefied Natural Gas Fueling Station In Louisiana

Stocks in this article: ECA ETP GAS HEK





FRIERSON, La., Feb. 24, 2012 /PRNewswire/ -- Encana Natural Gas Inc. ("Encana"), a subsidiary of Encana Corporation (TSX, NYSE: ECA), one of North America's largest natural gas producers, today opened the first liquefied natural gas (LNG) fueling station in Louisiana. Located at The Relay Station in Frierson, the station which will serve the fueling needs of heavy duty truck fleets is open for public use (to those with a LNG vehicle and proper safety training) and will be accepting all major credit cards. The station is currently being utilized by Heckmann Water Resources (HWR), an Encana partner in water sustainability in the natural gas industry.

HWR recently ordered 200 new LNG big-rig trucks, 50 of which have been deployed to date. California-based Heckmann Corporation (NYSE: HEK), parent company to HWR, provides water management services to Encana and other producers in the Haynesville resource play. Encana is proud to offer this dynamic product to companies like Heckmann and this partnership opens the door for more natural gas fuel use in the large freight vehicle industry.

Encana also recently secured a contract with Pivotal LNG, a subsidiary of AGL Resources Inc. (NYSE: AGL) which owns and operates a major liquefaction facility. This contract enables Encana to provide LNG to consumers and will create further opportunities for natural gas in the transportation sector.

"We are very pleased to be part of an innovative Canadian and American solution to expand the use of LNG. This new station is a major step towards encouraging companies to convert vehicles to run on affordable, environmentally-responsible natural gas," said Eric Marsh, Executive Vice-President, Encana Corporation & Senior Vice-President, USA Division.

Encana works with supply chain partners and other external heavy duty fleets by offering fueling solutions to help them better manage fuel usage and realize the cost savings of natural gas. Encana is quickly growing in its efforts to commercially develop natural gas for transportation. Additionally, Encana owns and operates four mobile LNG fueling stations (two in Louisiana) and six compressed natural gas (CNG) stations. In leading by example, Encana has converted nearly half of their fleet field vehicles in Louisiana operations to utilize CNG. They have also retrofitted drilling rig engines to run on natural gas in their U.S. operations, four of which run on LNG.

Natural gas powered cars and trucks are fueled with CNG or LNG and operate similarly to gasoline or diesel powered vehicles and generally have a longer operating life due to the cleaner combustion. Converting freight trucks and commercial vehicles has an immediate impact on saving fuel costs and reducing carbon emissions. Converting one 18-wheeler from diesel to LNG is equivalent to removing the emissions of about 325 cars from the road.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs