Finance - Acquisitions Divestitures


EnLink Midstream Partners Closes Final EnLink Midstream Holdings Dropdown

Final dropdown of Devon’s legacy assets, given in 2014, was made for about $900 million of newly issued ENLK units. Assets include North Texas and Oklahoma gathering and processing systems. 

Thu, 05/28/2015 - 11:07

Cequence Energy, Kanata Enter Gas Compression Agreements

The companies will jointly fund an enhancement of the 13-11-62-27W5M Simonette facility. A shallow cut refrigeration system and sales connection to TransCanada Corp.'s NGTL pipeline system will be added. 

Wed, 05/27/2015 - 12:11

Arc Logistics Partners Completes Joliet Bulk Acquisition

Commercially operable Joliet Terminal can unload about 85,000 barrels per day of crude oil. There are about 300,000 barrels of onsite storage, and connections to common carrier crude oil pipeline. 

Fri, 05/15/2015 - 08:29

Shell Midstream Will Acquire Zydeco, Colonial Pipeline Interests

Shell Midstream Partners LP will acquire additional interests in Zydeco Pipeline Co. LLC and Colonial Pipeline Co. for $448 million in a dropdown from Shell Pipeline Co. LP. 

Thu, 05/14/2015 - 17:05

Chinese Government Plans Companies’ Pipelines Spinoff

China’s government might spin biggest oil companies’ pipelines into separate businesses, people with knowledge of private matter told Bloomberg. An analyst said the assets could be worth US$300 billion.

Wed, 05/13/2015 - 12:02

Williams Swallows Up MLP In $13.8 Billion Merger

Combined midstream operations will include the Marcellus, Utica, Eagle Ford, Haynesville, Barnett, Midcontinent and Niobrara. It’s anticipated to be one of the largest, high-dividend paying C-Corps in the energy sector.

Emily Moser
Wed, 05/13/2015 - 12:00

Tanzania Could Lead East Africa’s LNG Exports Through Shell-BG Deal

Tanzania could lead East Africa LNG exports through Shell’s takeover of BG Group, Bloomberg said. Stakes in three blocks offshore Tanzania, holding one-third of estimated resource, are included in deal.

Wed, 05/13/2015 - 09:53

Analysis: Midstream Carries The A&D Load In Shale Deals

U.S. oil and gas deal activity stalls in first-quarter 2015 due to low oil prices while corporate deals surpass asset transactions for the first time in five years.

Darren Barbee
Tue, 05/12/2015 - 11:07

The Combo: Crestwood’s NGL, Midstream MLPs Plan $7.5 Billion Merger

The deal, which puts Crestwood Equity Partners with Crestwood Midstream Partners, aimsmidst to save money and broaden appeal to investors for a company in every major U.S. basin.

Mon, 05/11/2015 - 10:21

JP Energy Partners Closes Southern Propane Acquisition

The acquisition of the industrial and commercial propane distributor was financed through JP Energy’s revolving credit facility and the issuance of about 267,000 common units.

Mon, 05/11/2015 - 09:38

Natural Gas Supply Association, Center For Liquefied Natural Gas Will Combine

LNG exports are an important future market for organizations’ members’ production, said Dena E. Wiggins, president and CEO of Natural Gas Supply Association. Both organizations are based in Washington, D.C. 

Fri, 05/08/2015 - 12:05

Southcross Closes Eagle Ford Asset Dropdown

The dropdown assets are Holdings’ Valley Wells sour gas gathering and treating system, compression assets in the Valley Wells and Lancaster gathering and treating systems and two NGL pipelines.

Fri, 05/08/2015 - 09:11