Finance - Acquisitions Divestitures

Crestwood, First Reserve JV To Expand Delaware Basin Processing Capacity With New Project

The JV has fully sanctioned the construction of the 200 MMcf/d plant near Orla, Texas, and related infrastructure required to connect the Willow Lake system to the plant and multiple third-party pipelines.


Noble Energy’s $765 Million Midstream Deal To Pay Delaware Basin Tab

Quantum Energy Partners again buys Noble’s Appalachia assets in two deals valued at $1.9 billion.


Williams CEO Expects To Take Break From Deals

Asset sales are done for now following a year of big Williams deals


Enbridge Expects Adjusted Profit To Rise On Spectra Acquisition

The company said it expects available cash flow from operations to fall between CA$3.60 and CA$3.90 per share this year, from CA$4.08 per share in 2016, Reuters reported.


Shell Midstream To Buy Pipelines In $630 Million Dropdown

The deal was the company's first dropdown from outside of Shell Pipeline Co., which "highlights the expansive set of assets from Shell that could eventually make their way into the MLP," TPH said.


Devon Sells Wyoming Midstream To Meritage Midstream

A subsidiary of Devon Energy Corp. (NYSE: DVN) agreed to sell substantially all of its natural gas gathering equipment and pipeline to Meritage Midstream Services II LLC, Meritage said May 4.


Pembina Pipeline Buys Rival Veresen For $7.1 Billion

The combined company will have a strong position in the Western Canadian Sedimentary Basin, home to the world's third largest crude reserves.


LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.


Chevron Sells Canadian Downstream Fuel Business In $1.1 Billion Deal

Chevron, aiming to achieve neutral cash flow this year, is also boosting spending on its low-cost Permian shale operations.


Williams Sells Geismar Olefins Plant To NOVA For $2.1 Billion

Deal will fund capital plans, provide revenue stream for partnership.


Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.


NuStar Energy Announces Pricing Of Common Units

Offering intended to fund purchase of Navigator.