Enterprise Products Partners LP announced on Oct. 1 that it acquired the general partner and related incentive distribution rights, 15,899,802 common units and 38,899,802 subordinated units in Oiltanking Partners LP from Oiltanking Holding Americas Inc.
TransCanada Corp. agreed to sell its remaining 30% interest in Bison Pipeline LLC to its MLP TC PipeLines LP (TCP), TransCanada announced on Oct. 1.
Encana Corp. completed its previously announced sale of its Bighorn assets in Alberta to Jupiter Resources for about CA$2 billion (US$1.8 billion), the company announced.
NiSource Inc. announced that its board of directors approved its plan to separate into two publicly traded companies—NiSource Inc., a fully regulated gas and electric utilities company, and Columbia Pipeline Group Inc., an MLP with expected initial assets including a 14.6% interest in CPG OpCo LP, which will own about all of NiSource’s gas transmission, midstream and storage assets.
EnLink Midstream companies EnLink Midstream Partners LP and EnLink Midstream LLC announced that a subsidiary of the partnership entered into a definitive agreement with Chevron Pipe Line Co. and Chevron Midstream Pipelines LLC.
Encana Corp., Canada’s second-largest natural gas producer, agreed to buy Athlon Energy Inc. for $5.93 billion in cash, gaining a foothold in the most prolific U.S. oil-producing region, Bloomberg said Sept. 29.
EV Energy Partners LP signed an agreement to divest its 9% interest in Cardinal Gas Services LLC to E1 and a Korean consortium led by Samchully for $162 million.
Buckeye Partners LP completed its $860 million purchase of an 80% interest in Buckeye Texas Partners LLC from Trafigura AG.
Enbridge Energy Partners LP (EEP) received a proposal initiated by Enbridge Inc., under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for total consideration of about $900 million.
Western Refining Inc. entered into an agreement to acquire the 25,000 barrel per day idled Wingate fractionation plant in Gallup, N.M.
Pioneer Natural Resources Co. closed the previously announced sale of its Kansas assets in the Hugoton Field to Linn Energy LLC.
“If you’re thinking about where it will happen next, just think about where there is high [production] growth,” Jefferies’ Marko says.