Dan Revers, managing partner and co-founder of ArcLight, said the firm has a long track record of investing in refined products storage and pipeline infrastructure.
JP Energy Partners LP will acquire the assets of Southern Propane Inc. for about $14.9 million, Business Wire said. JP also announced plans for its Silver Dollar Pipeline system.
Global Partners LP will purchase 97 Mobil- and Exxon-branded retail gas stations and seven dealer supply contracts for about $156 million. The stations are in New York and Maryland/Washington D.C.
With BG Group up for grabs, it looks Shell will absorb the smaller company in what analysts are predicting might be a wave of new M&A.
Royal Dutch Shell Plc is involved in TransCanada Corp.’s Kitimat LNG project, and LNG Canada project shipping gas to Asia, Bloomberg said. Shell will likely stay committed amid BG purchase.
Speculation of an Exxon-BP combination surfaced last year after oil prices declined, increasing big mergers’ appeal, Bloomberg said. Now, M&A is in the wake of the Shell-BG acquisition news.
ONEOK partners with Mexican infrastructure giant on $500 million pipeline and sets sight on meeting projected demand as exports to Mexico double to 3.8 Bcf/d by 2018.
If Shell buys BG Group Plc, gas from Australia’s Arrow project could be sold, an analyst said. Shell and PetroChina won’t build an export terminal due to costs, Bloomberg said.
The merger would unite the U.K.’s first- and third-largest natural gas producers, Bloomberg said. The companies are still in talks, and the matter is private.
The focus on energy prices represented a 50-point increase from those surveyed in 2014. Only 11% of respondents this year cited increased regulation as their greatest concern.
EV Energy Partners sells eastern Ohio interests, marches toward goal of divesting its midstream business and reinvesting capital into its upstream operations.
Andy Reckles, Legend’s board chairman and CEO, said that acquiring Maxxon puts Legend squarely into midstream. The company will continue its E&P business in Kansas and Oklahoma, he added.