Cardinal Midstream II LLC secured a $200-million equity commitment from EnCap Flatrock Midstream  of San Antonio to support the continued growth and development of the company’s core business.

The dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and Cleveland plays in the Anadarko basin of the Texas Panhandle.

The acquired assets consist of a 200MMcf-per-day cryogenic gas processing plant and 22 miles of gas gathering pipeline in Hemphill County, Texas, and approximately 30 miles of rights-of-way associated with the future construction of a high-pressure trunk line.

Additionally, EEP expects to exercise its options to pare down its economic interests in the Lakehead system expansions of both the Eastern Access and Mainline Expansion projects from 40% to 25%, by the June 30 deadline.

Adjusted earnings for the latest quarter were $1.4 billion, up $617 million from Q1 2012.

Former secretary of state is featured speaker at DUG Permian conference.

Oil and gas executives are generally optimistic about the prospect for growth in the year ahead but are somewhat anxious about the prospect for long-term profits, according to a recent survey of senior executives.

Middle-market companies explore, prove resources, and then sell.

January is usually a pretty quiet month when it comes to acquisitions, but Kinder Morgan Energy Partners started 2013 with a bang by announcing they had reached an agreement to acquire Copano Energy for approximately $5 billion.

World-oil fundamentals are in the early stages of a realignment to reflect the new reality of abundant energy supplies, NGP Energy Capital Management chief executive Ken Hersh told participants at the IPAA Private Capital Conference in Houston.

The consolidation of the properties of Pioneer and Pioneer Southwest in the Midland basin in West Texas through this proposed transaction would facilitate Pioneer’s plans to fully and optimally develop the area and would provide organizational, operational and administrative efficiencies, according to the company’s statement.

Final cash consideration for TEAK totaled $1.0 billion, subject to working capital and other adjustments.

Crestwood and Inergy signed definitive agreements to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion.

CenterPoint Energy Inc., OGE Energy Corp. and ArcLight Capital Partners LLC closed on the formation of the previously announced partnership.

Spectra Energy Corp announced an agreement to drop down 50% of the Express-Platte Pipeline System to Spectra Energy Partners (NYSE: SEP) for approximately $555 million in cash.

The partnership intends to use the net proceeds to repay outstanding amounts under its revolving credit facility.