Finance - News

Acquisitions & Divestitures

Hess To Sell Bakken Water Business In $225 Million Proposed Deal

Hess is looking to sell its Bakken water services business in a proposed $225 million-cash transaction with a midstream energy joint venture between Hess and Global Infrastructure Partners.

Acquisitions & Divestitures

Athabasca Oil Sells Alberta Thermal Oil Infrastructure To Enbridge

The C$265 million sale to Enbridge consists of Leismer pipelines and a Cheecham storage terminal serving the Leismer oil sands and Corner projects in Athabasca’s Alberta thermal oil business.

Acquisitions & Divestitures

US Solar Developer 8minutenergy In $200 Million Joint Venture

8minutenergy will use the more than $200 million from the JV to develop solar projects throughout the U.S. over the next five years, including in California, Texas and the U.S. Southeast.

Reuters

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

Acquisitions & Divestitures

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

Acquisitions & Divestitures

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

Acquisitions & Divestitures

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

Acquisitions & Divestitures

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

Acquisitions & Divestitures

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.

Acquisitions & Divestitures

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

Acquisitions & Divestitures

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.

Acquisitions & Divestitures

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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