Finance - Acquisitions Divestitures

Chaparral Aims For Pipeline Sale In Push To Exit Bankruptcy

Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.


Matador’s Midstream JV Plugs Delaware Capex Hole

Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.


Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.


MPLX LP Subsidiary To Purchase Ozark Pipeline

The Ozark pipeline is a 22-inch crude oil pipeline originating in Cushing, Okla., and terminating in Wood River, Ill. 


Noble, Plains All American JV Acquires Delaware Basin Pipeline

The deal is the latest sign of midstream efforts to keep pace with Southern Delaware development.


South Korea's KOGAS 'Interested' In US Shale Gas Projects

KOGAS would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressure on South Korea from the U.S. government, CEO says.


Williams Partners Will Increase Marcellus Gathering Systems Ownership

The two transactions are expected to close in late first-quarter or early second-quarter 2017, subject to closing conditions including expiration of the waiting period under the HSR Act. 


Lucid Energy Group Buys Second Delaware Basin Cryogenic Processing Plant

Following the installation of the Roadrunner I plant, Lucid’s South Carlsbad System processing capacity will be 510 MMcf/d,  an increase of more than 750% since the August 2016 acquisition of the Agave assets, the company said.


BlackRock Acquires First Reserve Energy Infrastructure Funds

BlackRock’s energy infrastructure team will continue working in the contracted power, contracted midstream, other contracted energy assets, regulated transmission, and distribution sectors.


Oneok To Buy Rest Of Oneok Partners For $9.3 Billion

The acquisition is the latest MLP deal aimed at simplifying structures and increasing returns. Oneok said the deal would result in a dividend increase of 21% to 74.5 cents per share, or $2.98 annually.


Enbridge To Take Midcoast Energy Private For $170 Million

Enbridge Inc. said that a strategic review of Enbridge Energy Partners was ongoing and was expected to continue through the second quarter.


AltaGas To Buy WGL In Gas Distribution Push

AltaGas will offer WGL Holdings shareholders $88.25 per share held, a 12% premium to the stock's close on Jan. 25.