Finance - Acquisitions Divestitures

Williams Sells Gulf Coast Assets To Easton Energy For $177 Million

Williams sold certain Gulf Coast midstream assets, which a company executive said ‘were not core’ to its business strategy, to Easton Energy backed by Cresta Energy Capital.

Emily Patsy

Forty Under 40: Jacob Nagy, Petrie Partners

Petrie Partners’ Jacob Nagy, an energy investment banker who has packed a lifetime’s worth of accomplishments into his 11-year career, is today’s Forty Under 40 honoree.

M&A Experts: In This New Wave, Bigger Is Better

DUG Midcontinent panel sees the Encana-Newfield deal as a sign of things to come.

Joseph Markman

Enbridge Adds Dry Powder With Sale Of Enbridge Gas New Brunswick

Enbridge agreed to sell its Enbridge Gas New Brunswick business, which analysts said will add dry powder to the Calgary, Alberta-based company’s balance sheet.

Emily Patsy

Equitrans Midstream Plans To Simplify Structure, Eliminate IDRs

The Equitrans Midstream simplification transactions, which follow a recent wave of MLP consolidation, are expected to address the company’s IDR overhang, says CEO.

Emily Patsy

WhiteWater Midstream Reportedly Eyes $2 Billion Sale

It is possible that WhiteWater Midstream's effort to sell itself may not lead to a deal, the sources cautioned, asking not to be identified because the matter is confidential.

Reuters

Woodside Petroleum Signs 20-year Gas Supply Deal With Perdaman

Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Nov. 20 it had signed a 20-year gas supply deal with Perdaman Chemicals and Fertilisers Pty Ltd.

Reuters

Elevate Midstream Establishes East Texas Footprint With Recent Acquisition

The acquisition, which the Tailwater Capital-backed company acquired from Woodland Midstream Partners and Orion Pipeline, establishes a “strong asset base” for Elevate Midstream in East Texas.

Williams, Brazos Midstream JV To Take On Permian Basin Gas Takeaway

Despite a lingering natural gas takeaway problem for Permian Basin producers, analysts note an opportunity exists for midstream operators as pipeline FIDs to date ‘merely maintain status quo.’

Emily Patsy

American Midstream Finds New Buyer For Refined Products Terminalling Business

Sunoco agreed to buy American Midstream’s refined products terminalling business in a roughly $125 million cash deal that comes a few months after a previous sale for the assets was called off.

Emily Patsy

NGL Energy Partners Sells Bakken Water Operations To Tallgrass For $91 Million

As a result of the sale to Tallgrass, NGL Energy Partners will exit the Bakken saltwater disposal business as the company shifts its focus elsewhere, primarily to the Permian Basin.

Oasis Petroleum Sells Midstream Interests In $250 Million Dropdown

Oasis Petroleum agreed to sell midstream interests in a $250 million dropdown to Oasis Midstream Partners that the Houston-based company said will improve its leverage position.

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