Access Gas Services Inc. (“Access”) is an innovative energy company that delivers natural gas services to institutional, industrial, commercial, and residential customers throughout Canada. Access was formed in October 2006 and is a wholly-owned subsidiary of Rockpoint Gas Storage Partner L.P. (formerly Niska Gas Storage Partners LLC ). Rockpoint Gas Storage is sponsored by Brookfield Infrastructure Partners, an entity that operates global infrastructure assets primarily in the utilities, transport, energy and communications sectors. Rockpoint manages, operates and develops Brookfield’s growing portfolio of natural gas storage assets. We are an asset-based energy company with a strong track record and solid financial backing. Access offers an extensive product mix to meet the needs of our clients with an emphasis on transparency.
The name, Rockpoint Gas Storage reflects Rockpoint’s vision for growth. With roots as the developer of the first major trading point for natural gas in Alberta, the AECO Hub, our organization has grown to become the largest independent owner and operator of natural gas storage assets in North America.
Our assets were mostly developed by a division of a Calgary-based oil and gas producer. Alberta Energy Company (AEC) first developed gas storage in one of its depleted reservoirs at Suffield in the late 1980s in order to operate its production more efficiently in the face of markets that peaked only in the winter. That was right at the time of deregulation of natural gas markets and a more active, liquid market for natural gas was beginning to emerge. The storage operation turned out so well for AEC that other producers were soon asking for storage capacity too and the decision was made to ‘go commercial’. Through the 1990s a series of expansions occurred at Suffield as the market grew, with ultimately 5 reservoirs being developed to a working capacity of 80 Bcf.
With the success of AECO-Suffield, the company began looking to grow its natural gas storage business with diversification into other regions. California was targeted as being a true market region, but relatively close to Alberta and containing reservoirs with good potential for gas storage development. The Wild Goose Gas Storage project came on-stream in 1999 with 14 Bcf, was first expanded in 2004, and is now at 35 Bcf.
Further diversification was achieved in the early 2000’s with the acquisition of the former Manchester Gas Storage facility in Oklahoma, which was renamed Salt Plains Gas Storage, as well as contracts for natural gas storage capacity at attractive rates on the Natural Gas Pipeline System.
In 2002, AEC merged with PanCanadian to form EnCana Corp. PanCanadian had controlled the Countess reservoirs, which had been identified as ideal gas storage candidates. The gas storage team quickly brought the Countess project on-stream (initially in 2003 with 20 Bcf) and it has been steadily expanded through the decade to the current working capacity of 68 Bcf.
In May 2006 the energy-focused private equity funds managed by Riverstone Holdings LLC acquired the natural gas storage business and assets of EnCana Corp., naming it Niska Gas Storage. About half of our staff and management have continuity with the business from the EnCana days, while the remainder has been recruited since from amongst the best in the industry.
In October 2006 Niska responded to the growing need for commercial, industrial and retail natural gas marketing services by forming Access, a wholly-owned subsidiary, to serve markets in the lower mainland and interior of British Columbia. In 2008 Access expanded into the commercial and industrial energy markets of Ontario and Quebec. In 2009 Access began serving commercial and industrial energy markets in Alberta.
In May 2010, after forming Niska Gas Storage Partners, LLC, an Initial Public Offering was launched to offer equity interests in our business to the public.
In June 2015, Niska announced it had entered into an agreement to be acquired by Brookfield Infrastructure. The closing of the transaction is dependent on certain conditions and is expected to be consummated in calendar year 2016. For more information, please visit http://www.niskapartners.com/