Spectra Energy Corp. signed a definite agreement to acquire the Bobcat Gas Storage project and its associated assets from Haddington Energy Partners III LP and GE Energy Financial Services for US$540 million.
In the third-quarter of 2013, The Laclede Group incurred acquisition-related costs of $2.2 million.
Delek Logistics Partners LP acquired, from a subsidiary of Delek US Holdings Inc., substantially all storage tanks and the sole refined products terminal at Delek US’ Tyler, Texas, refinery for $94.8 million in cash.
Inergy Midstream LLC signed a definitive agreement to acquire Tres Palacios Gas Storage LLC for US$725 million plus reimbursement of certain capital expenditures.
DCP Midstream Partners LP has acquired all of the ownership interests of Marysville Hydrocarbon Holdings LLC for US$95 million plus inventory and other working capital of about $6 million.
PAA Natural Gas Storage acquired SG Resources Mississippi LLC and its primary asset, the Southern Pines Energy Center gas storage facility, for US$750 million.
LDH Energy, Wilton, Connecticut, has reported that it has entered into a definitive agreement to sell its Midstream Assets business segment, LDH Energy Asset Holdings LLC , to ETP-Regency Midstream Holdings, LLC, a joint venture owned by Energy Transfer Partners, L.P. and Regency Energy Partners LP for approximately $1.925 billion in cash.
NGS Energy LP and El Paso Corp. signed an agreement with NGS Energy LP, which provides NGS with an exclusive due diligence period and the right to acquire El Paso’s Pinal County, Arizona natural gas storage asset in the Picacho basin. The asset is estimated to hold the potential for a 20 billion cubic feet storage facility.
The agreement includes all acreage, well, geological and technical data and rights related to the project, which includes a nine-mile header system that can connect to the Transwestern and El Paso Natural Gas pipelines, as well as various gas-fired plants.
J-W Energy Co. is selling its subsidiary J-W Measurement Co., its affiliates and the J-W Measurement management team to White Deer Energy LP II.
Inergy Midstream, a subsidiary of Inergy LP, signed a definitive agreement to acquire the Seneca Lake natural gas storage facility along with two related pipelines near Watkins Glen, NY from New York State Electric & Gas Corp. for US$65 million.
TransCanada Corp., Calgary, Alberta, Canada, has reported it has entered into agreements to sell a 25% interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) to TC PipeLines, LP for an aggregate purchase price of US $605 million, which includes $81 million or 25% of GTN's debt.