Finance - Exclusives


Now Is The Time To Reel In Capital, Consultant Says

‘We think capital’s really interested in midstream assets and infrastructure,' says energy consultant Arthur Gelber.

Fri, 08/21/2015 - 14:21

Analysts Turn Bearish On Buildout

After a comment during a recent Plains All American earnings call, analysts reevaluate the outlook for U.S. midstream infrastructure needs.

Thu, 08/06/2015 - 11:31

Green Plains Eyes $200 Million IPO Raise For MLP Subsidiary

Green Plains Partners LP seeks ownership, operatorship and expansion of downstream logistics assets supporting Green Plains’ 1.2 billion gallon per year ethanol marketing and distribution business, an SEC filing said.

Wed, 05/27/2015 - 14:38

Vanguard Rolls Up Fellow Upstream MLP, Gains Permian Assets

Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.

Darren Barbee
Tue, 04/21/2015 - 12:12

Finance - Acquisitions & Divestitures


Total Will Sell Some North Sea Pipeline Assets To ArcLight Capital Affiliate

The US$907 million sale to North Sea Midstream Partners, an ArcLight Capital affiliate, includes the Frigg U.K. and SIRGE gas pipelines and the St. Fergus gas terminal, Reuters said. 

Erin Pedigo
Thu, 08/27/2015 - 08:52

Schlumberger Plans To Buy Cameron In $14.8 Billion Deal

Schlumberger Ltd. (NYSE: SLB) and Cameron (NYSE: CAM) have reached a definitive merger agreement in which the companies will combine in a stock and cash transaction, the companies said in a joint statement.

The deal is valued at $14.8 billion. The agreement was unanimously approved by the boards of directors of both companies.

“This agreement with Cameron opens new and broader opportunities for Schlumberger. At our investor conference in June 2014, we highlighted how the E&P industry must transform to deliver increased performance at a time of range-bound commodity prices,” Schlumberger CEO Paal Kibsgaard said. "With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market.

Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share, the release said.

Wed, 08/26/2015 - 06:15

Deal Gives Encana Exit From Louisiana Haynesville

After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.

Emily Moser
Tue, 08/25/2015 - 12:30

Energy Transfer Will Bid For Magnum Hunter Subsidiary Stake

Magnum Hunter, which has struggled with weak gas prices, said in June that it expected to raise up to $700 million by selling its stake in Eureka Hunter, Reuters reported.

Erin Pedigo
Mon, 08/24/2015 - 14:04

Finance - Debt & Equity


Outlook Is Gloomy For Companies’ Borrowing Thresholds

Average yield on U.S. junk-rated energy companies rose to more than 12% Aug. 24, Bank of America Merrill Lynch data said- the highest level since the financial crisis, Reuters said.

Erin Pedigo
Fri, 08/28/2015 - 11:43

Bad Energy Sector Loans Proliferated In 3Q: Bank Of Montreal

Almost all of the weakness was from the U.S. market, where BMO, Canada's fourth-largest bank, has a significant presence. U.S. energy companies tend to have more debt, Reuters said.

Erin Pedigo
Tue, 08/25/2015 - 11:15

Evolution Midstream Receives $300 Million In Equity

Denver-based Evolution was launched in July and provides greenfield and strategic acquisition solutions to operators in the Rockies, Bakken Shale, Permian Basin, Midcontinent and Appalachia.

Erin Pedigo
Mon, 08/24/2015 - 11:09

Southcross Companies Receive $175 Million In Equity

Charlesbank Capital Partners, EIG Global Energy Partners and Tailwater Capital provided the commitment. Southcross plans to complete an Eagle Ford midstream asset dropdown every four to six months. 

Erin Pedigo
Thu, 08/20/2015 - 10:46