Black Hills Acquires Anadarko Wyoming Gas Utility Pipelines

Following its plan to add utility assets, Rapid City, SD-based Black Hills Corp. said Thursday it has agreed to acquire the natural gas transmission pipeline and distribution utility assets of Anadarko Petroleum Corp.'s utility pipeline operator, MGTC Inc., in Wyoming where Black Hills has existing combination utility operations. Read More

Hess Continues Transformation With Plans for Retail Spinoff

Continuing it’s transformation into a pure-play oil and natural gas exploration and production company, Hess Corp. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for the formation of Hess Retail Corp., a subsidiary containing convenience stores and gasoline refueling stations that the New York-based energy company said it will then seek to sell. Read More

EPL Still Loving That Shallow Water

EPL Oil & Gas Inc. continues its buying spree in the Gulf of Mexico (GOM), agreeing Thursday to acquire five natural gas and oil leases off the coast of Louisiana, a purchase timed to an ongoing push to expand its portfolio of shallow water prospects. Read More

Regency Building Texas Presence with Two Deals Worth $1.6B

Regency Energy Partners LP is picking up the midstream business of Eagle Rock Energy Partners LP in a $1.3 billion deal. Combined with Regency's planned acquisition of PVR Resources, the Eagle Rock assets will diversify its exposure in East and South Texas as well as the Texas Panhandle. A smaller deal, also announced Monday, aims to grow Regency's presence in the Delaware Basin in West Texas. Read More

Activists Target Williams; Shares Jump

A pair of activist shareholders has taken a significant stake in Williams Cos. Inc., driving up the company's share price, as the partners pursue a plan to improve the midstream company's performance and potentially put it in play in the current environment of ongoing midstream consolidation. Read More

Equity Investor Putting $1.3B Into Freeport LNG

Freeport LNG Expansion LP has snagged a $1.3 billion equity investment from IFM Investors for its proposed liquefied natural gas (LNG) liquefaction and export facility on Quintana Island near Freeport, TX. Funds will support development of the facility's second train. Read More