Finance - Exclusives

Extending The Runway

If completed, the combination of Enbridge Inc. and Spectra Energy Corp. will give birth to a “midstream monster.”


Ex-Williams Director Launches Proxy Fight

Activist investor Meister seeks to install his own board of directors for Williams.


Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.


Oilfield Service Sector On Course To Hit $110 Billion Debt Wall

Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.


Finance - Acquisitions & Divestitures

EQT Midstream Acquires $275 Million Marcellus Dropdown

EQT Midstream Partners said Oct. 13 it acquired the Allegheny Valley Connector (AVC) transmission and storage system, along with several Marcellus gathering systems from Pittsburgh-based EQT Corp.


Noble Energy Partners To Acquire Montana Pipeline

Noble Energy Partners purchased additional U.S. midstream assets in Montana for a combined value of $27.5 million from an undisclosed seller, the company said Oct. 11.


Phillips 66 Partners To Buy $1.3 Billion Assets In Dropdown

The deal, the largest so-called "dropdown" from Phillips 66 to the unit, includes assets supporting the company's refineries in New Jersey, Montana, Texas and Oklahoma.


Sanchez Readies For Growth With $107 Million Sale

The Houston company has earmarked proceeds from its sale of noncore E&P and midstream assets in the Eagle Ford for possible acquisitions.


Finance - Debt & Equity

Gazelle Transportation Receives $20 Million In Equity

Energy-focused private-equity firm EIV Capital completed its $20 million investment commitment to Gazelle Transportation, according to an Oct. 12 press release.


NGL Energy Partners Offers $400 Million Of Senior Notes

The net proceeds will be used to reduce senior secured revolving credit facility borrowings.


IEA: Record Global Debt Levels Pose Risk To Oil Demand

The 45% rise in the price of oil this year means energy is no longer the 'overwhelmingly deflationary' influence it was as recently as a year ago, the IEA says.


Newly Formed Producers Midstream Receives $100 Million In Equity

Locke Lord LLP advised Tailwater, and Mack Matheson & Marchesoni PLLC and Stephens Inc. advised Producers Midstream.