Finance - News

Finance

Greenfield Midstream Announces $300M Equity Commitment From Encap Flatrock Midstream

Encap Flatrock commits $300 million to Greenfield Midstream.

Finance

Hicks Thomas Lands Veteran Energy Trial Lawyer Mitchell

New partner Mitchell brings experience with oil and gas disputes, and corporate investigations to Hicks Thomas.

Finance

Minyard Joins Sidley’s Houston Office As Energy Finance Partner

Sidley adds Minyard to global energy finance practice.

Finance

IEA: Electricity Investment Overtakes Oil, Gas For First Time Ever In 2016

Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said on July 11.

Reuters

Acquisitions & Divestitures

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

Acquisitions & Divestitures

Veterans Asmus, Bradshaw Join Sidley’s Houston Energy Practice

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

Acquisitions & Divestitures

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.

Finance

ING Bank Says It Will Not Finance Major Canadian Pipeline Projects

ING backs away from financing Keystone XL, Trans Mountain under pressure from activists.

Reuters

Finance

TransCanada Establishes At-The-Market Equity Program

TransCanada sets ATM program to issue up to C$1B in shares.

Acquisitions & Divestitures

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

Finance

Trans Mountain Counts Four Of Canada’s Biggest Banks Among Lenders

Four of Canada’s biggest banks say they will back Trans Mountain project.

Reuters

Acquisitions & Divestitures

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.

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