Total sees more opportunities in Iran on the LNG side than in conventional oil developments, analysts say.
Oil Search rejected proposed all-share offer from Australia's biggest oil and gas producer in September, saying offer undervalued LNG stake and gas exploration assets in Papua New Guinea, Reuters said.
The total transaction value was about $2.1 billion. The NET Mexico Pipeline, the largest pipeline in the portfolio, transports low-cost domestic shale gas to Mexico.
Sanchez intends to invest about $115 million and receive a 50% ownership interest in the plant and pipelines, which will be located near its Catarina asset in the Eagle Ford.
The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.
Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
Matador is retaining its natural gas gathering system up to a central delivery point and its other midstream assets in the area, including oil and water gathering systems and salt water disposal wells.
Meetings will be held separately with each interested company Oct. 6 and 7. Purchases would cover 12 months of deliveries, representing about 82,000 barrels per day in volume, Reuters said.
Assuming the merger goes through, the new Energy Transfer Corp. will be a midstream behemoth that would rival Kinder Morgan in size.
Crestwood owns and operates midstream assets serving producers across the Marcellus, Bakken, Eagle Ford, Permian Basin, Powder River Basin Niobrara, Utica, Barnett, Fayetteville and Haynesville shale plays.
Phillips has refineries in all five major fuel markets, while PBF will have four.
The company said it had now surpassed its goal to sell $1 billion in non-strategic assets, a target it set itself after acquiring Canada's Talisman, Reuters reported.