Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.
Duff & Phelps experts explore potential, perils of 2015 for sector.
After spending more than $5 billion in the Marcellus and buying assets from Statoil and WPX, the company plans to divest up to $800 million to overcome a cash flow gap.
The $600 million transaction was for natural gas gathering and processing facilities, including three cryogenic gas processing plants and a gas gathering pipeline system that Coronado owns in the Permian Basin.
EQT Midstream will acquire the Northern West Virginia Marcellus Gathering System belonging to its parent company, and a preferred interest in an EQT subsidiary, Reuters said.
Pipeline operator Williams Cos. Inc. bought control of the partnership last year. That helped the partnership’s former executives cash out on a surge in domestic production of, and demand for, natural gas, Bloomberg said.
Morgan Stanley Infrastructure Partners sent offering documents to potential bidders.
Western Gas Partners acquired a 50% interest in the Delaware Basin joint venture gathering system from Anadarko.
Magnum Hunter CEO Gary Evans is waiting for service costs to drop 40% before the company restarts drilling.
Tallgrass Energy Partners closed on the acquisition of an additional 33.3% interest in Tallgrass Pony Express Pipeline.
Report: Midstream transactions during 2014 were notable for dollars raised.