Finance - Acquisitions Divestitures

Stack Behemoth: Silver Run, Alta Mesa, Kingfisher Form $3.8 Billion Pure Play

With 120,000 net acres and an estimated 4,200 locations, the new company also meshes with Kingfisher Midstream to offer a potential spinoff IPO for development cash.

Darren Barbee

White Star Petroleum Divests Midstream Assets

New midstream operator buys White Star’s Midcon assets.

Hart Energy Staff

Cowen: E&Ps Could Fund Outspend With Midstream Divestitures

Refiners are likely buyers of midstream assets if cash-strapped E&Ps decide to divest, Cowen says in a report.

Susan Klann

Lilis Energy, Lucid Energy Group Enter Permian Gas Gathering, Processing Agreement

Lilis Energy Inc. (NYSE: LLEX), an exploration and development company operating in the Permian Basin of West Texas, said Aug. 14 it has entered into a long-term gas gathering, processing and purchase agreement with an affiliate of Lucid Energy Group to support Lilis's active drilling program in the  Delaware Basin.

Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger

Andeavor Logistics also said it would issue 78 million of its units to parent Andeavor in exchange for the cancellation of its incentive distribution rights.

Reuters

Mainline Midstream Announces Acquisition In Oklahoma

More than 1,000 miles of pipeline purchased in Scoop, Stack, Merger play.

Holly Energy To Buy Remaining Interests In Two Pipelines

Purchase of remaining stakes in Frontier and SLC pipelines from Plains to total about $250 million.

Hart Energy Staff

Tallgrass Energy Partners Acquires Powder River Oil Gathering System

Tallgrass continues to expand service offerings in the Powder River Basin.

Ferrellgas Announces Two Acquisitions, Grows Footprint In Tennessee

Tennessee acquisitions expand Ferrellgas base of propane customers.

Genesis Energy To Buy Tronox’s Alkali Business For $1.3 Billion

Midstream MLP Genesis will buy unit of Tronox that is the world’s largest producer of natural soda ash.

Reuters

Energy Transfer To Sell Stake In Rover Pipeline For $1.57 Billion

The 700-mile Rover pipeline is designed to transport 3.25 Bcf/d of natural gas from the Marcellus and Utica shale plays to markets across the U.S. as well as Canada.

Reuters

American Midstream Sells Propane Business For $170 Million In New Strategy

American Midstream expects that substantially all proceeds from the propane sale will be reallocated within the third quarter, including the acquisition of the Viosca Knoll system in deepwater GoM.

Business Wire

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