The company plans on selling the Eureka Hunter Pipeline to pay down debt and fund its drilling operations.
Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.
Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1.
Total SA talks sale of Frigg pipeline network to ArcLight Capital Partners, two people familiar with private matter told Bloomberg. Frigg takes U.K. North Sea gas to St. Fergus, Scotland.
Freestone Dynamis Energy Products LLC, formed after more than year of strategy development, will produce Petrozene additive for tanker sludge, paraffin problems, storage tank maintenance and other issues.
Energy XXI will receive $245 million in cash for about 150 miles of pipeline from CorEnergy Infrastructure Trust but as part of the deal will lease and operate the pipeline.
The Energy Transfer Equity offer to acquire Williams could complicate the company’s plan to absorb its MLP, Williams Partners, and strain the partnership’s unit prices, an analyst said.
Williams Cos. rejected a $48 billion stock-based takeover offer from pipeline magnate Kelcy Warren, Bloomberg said. Williams hired banks to explore alternatives to the offer.
Enbridge Income Fund Holdings Inc. will buy Enbridge Inc.’s Canadian liquids pipeline business and some renewable energy assets for C$30.4 billion (US$24.8 billion), Bloomberg said.
ExxonMobil’s full interest in MOEM Pipeline LLC, and the 80% interests in Collins Pipeline Co. and T&M Terminal Co., are also being purchased under an agreement between ExxonMobil and PBF.
Shallow-cut refrigeration system and sales connection to TransCanada’s NGTL system will be added at 13-11-62-27W5M compression and dehydration facility, which will process 120 million cubic feet per day of gas.
Shell’s acquisition of BG, scheduled to close in early 2016, requires further regulatory reviews from several foreign agencies, but the FTC ruling might serve as a model for further regulatory reviews.