Finance - Acquisitions Divestitures

American Midstream Sells Propane Business For $170 Million In New Strategy

American Midstream expects that substantially all proceeds from the propane sale will be reallocated within the third quarter, including the acquisition of the Viosca Knoll system in deepwater GoM.

Business Wire

All Systems Go: Laredo Launches Midland Pipeline Sale

Analysts estimated the Medallion-Midland Basin pipeline could be worth anywhere from $2.2 billion to $1.4 billion, with about half of the proceeds going to Laredo.

Laredo Petroleum Confirms Midland Basin's Medallion Pipeline On The Market

Laredo Petroleum previously stated the possibility to monetize its stake in Medallion to either further de-lever its balance sheet or accelerate drilling activities in the Permian.

EQT's $8.2 Billion Buyout Of Rice Energy Criticized By Hedge Fund Jana

Jana Partners stepped up its criticism of EQT's deal to buy Rice Energy, arguing that EQT could save as much as $4.5 billion if it separated its pipeline assets instead.

Reuters

Veterans Asmus, Bradshaw Join Sidley’s Houston Energy Practice

Asmus is named co-leader of Sidley’s energy practice.

Sanchez Midstream Reports Noncore Sale, Eagle Ford Facility Startup

Sanchez Midstream Partners agreed to sell noncore production assets as the Houston-based company advances its midstream strategy in the Eagle Ford Shale.

Exclusive: EQT’s Schlotterbeck Talks Rice Deal, Strategy, Returns Vs. Growth

The CEO says he favors consolidation over diversification, adding that it’s time to focus on returns rather than growth.

TPG Growth To Acquire D-J Basin-Focused Discovery Midstream

TPG Growth, an affiliate of private equity firm TPG, entered an agreement to acquire Dallas-based Discovery Midstream, which has an asset position in Colorado's Denver-Julesburg Basin.

Business Wire

Noble To Sell Delaware, D-J Midstream In $270 Million Dropdown

The midstream dropdown is expected to push Noble's divestiture proceeds year-to-date to more than $2 billion--well above the company's $1 billion goal, a RBC analyst says.

EQT, Rice Energy $8.2 Billion Merger Creates Northeast Gas Giant

The acquisition of Rice’s acreage and midstream business in the Marcellus and Utica is set to make EQT the largest producer of natural gas in the U.S.

Sources: BP Energy Partners Selling Pinnacle Midstream

BP could sell Pinnacle Midstream for $300M, sources estimate.

Reuters

H2O Midstream Acquires Encana's Permian Produced Water Assets

H2O Midstream's acquisition is concurrent with the execution of an acreage dedication based midstream water services agreement with Encana for a portion of its Permian Basin position.

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