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