Finance - News

Acquisitions & Divestitures

White Star Petroleum Divests Midstream Assets

New midstream operator buys White Star’s Midcon assets.

Hart Energy Staff

Finance

Gibson Energy’s Biggest Shareholder Calls For Strategic Review

M&G Investment pushes Gibson to either streamline to increase returns or sell.

Reuters

Debt & Equity

Energy Transfer Partners Launches Pricing of Common Unit Offering

Energy Transfer Partners LP has priced its previously reported underwritten public offering of 54 million common units, representing limited partner interests, at $18.65 per common unit on Aug. 14.

Acquisitions & Divestitures

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.

Finance

Energy Hedge Funds Look To Spreads, Margins As Long Bets Flail

For oil-traders, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.

Reuters

Acquisitions & Divestitures

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

Acquisitions & Divestitures

Mainline Midstream Announces Acquisition In Oklahoma

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

Acquisitions & Divestitures

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

Acquisitions & Divestitures

Tallgrass Energy Partners Acquires Powder River Oil Gathering System

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

Acquisitions & Divestitures

Ferrellgas Announces Two Acquisitions, Grows Footprint In Tennessee

Tennessee acquisitions expand Ferrellgas base of propane customers.

Finance

Kinder Morgan Canada Launches Preferred Share Offering

Pipeline operator Kinder Morgan Canada Ltd. (TSE: KML) said on Aug. 3 it will offer a CA$200 million (US$159 million) preferred share offering for the completion of certain projects and to reduce debt.

Reuters

Finance

Shell Midstream Downgraded After Earnings Release

Second-quarter EBITDA was $83 million, Shell Midstream reports.
 

 

Hart Energy Staff

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