This is your Hart Energy A&D Minute, powered by A&D Strategies and Opportunities Conference.
Talos Energy plans to buy EnVen Energy for $1.1 billion, increasing their Gulf of Mexico production by 40% in order to build a "leadership position" in the Gulf of Mexico.
Momentum Midstream acquired Midcoast’s East Texas business and Align Midstream, which establishes a leading presence in the Haynesville Shale alongside what Momentum CEO Frank Tsuru says is a “first of its kind net negative gas gathering project.”
And Summit Midstream Partners sold its North Dakota Bison gas gathering system for $40 million to streamline its portfolio and focus on growing its crude oil and produced water gathering systems in the Williston Basin, according to CEO Heath Deneke.
This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. Watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
NuStar Energy Unitholders Approve Merger with Sunoco
2024-05-02 - The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
Drilling Tools International, Superior Drilling Products to Combine
2024-03-07 - Drilling Tools International said the acquisition of Superior Drilling Products will broaden growth opportunities domestically and internationally, with DTI focusing on expanding its presence in the Middle East.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
2024-03-07 - Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Clean Harbors Closes $400MM Acquisition of HEPACO
2024-03-25 - Clean Harbors acquired HEPACO for $400 million, adding complementary services for environmental remediation and emergency response in the Eastern U.S.