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.
A wave of cheap money chasing deals is taking the pressure to divest midstream assets off of upstream operators, while making deals more challenging.
The downturn is forcing change—for the better.
Thanks in part to low energy prices, an ongoing expansion could be one of the longest on record, Morgan Stanley’s chief U.S. economist says.
The company plans on selling the Eureka Hunter Pipeline to pay down debt and fund its drilling operations.
Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.
Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1.
Total SA talks sale of Frigg pipeline network to ArcLight Capital Partners, two people familiar with private matter told Bloomberg. Frigg takes U.K. North Sea gas to St. Fergus, Scotland.
Cheniere Partners will close credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5. Trains 1, 2 were about 90.8% complete May 31.
CorEnergy offered 11.25 million common shares priced at $6 each for $67.5 million. CorEnergy also priced unsecured convertible senior notes at $100 million. Both offers scheduled to close June 29.
When the previous 31,138 shares are added to this amount, Rex American can now buy back 531,138 shares. To date, the company has repurchased 466,444 shares priced at $62.53 each.
Both new facilities mature on Sept. 30, 2016, and will support Stack and Woodford gas and oil gathering and processing. Capital One NA led six banks as administrative agent.