The Federal Trade Commission has closed its investigation of Regency Energy Partners LP‘s $1.3 billion acquisition of Eagle Rock Energy Partners LP‘s midstream business. This was the final regulatory approval required for the deal’s closing, which is planned to occur Tuesday (July 1). The deal was announced late last year (see Shale Daily, Dec. 23, 2013).

Sanchez Energy Corp. closed on its acquisition of Eagle Ford Shale assets from units of Royal Dutch Shell plc with an effective date of Jan. 1, 2014 (see Shale Daily, May 22). Total consideration was $553.5 million. The final purchase price is subject to further post-closing adjustments. Sanchez also closed on a $1.5 billion credit agreement, dated June 30, with an elected, available, commitment amount of $425 million. There are no outstanding loans under the amended credit facility. “This strategic acquisition adds significant reserves, production and future resource potential in an area of the Eagle Ford Shale where we have demonstrated an ability to rapidly assimilate and efficiently develop acquired properties,” said CEO Tony Sanchez. “We believe that our recently completed equity and notes capital raises along with our new bank credit facility will leave us in a financial position of considerable strength to execute our plans.”

San Antonio, TX-based WellAware, a provider of oilfield remote monitoring and predictive analytics software, has secured an additional $37 million of funding. The new round of funding was co-led by Activant Capital Group and Carlos Slim, CEO of America Movil, one of the largest mobile phone carriers in Latin America. Other investors include Ed Whitacre Jr., former CEO of AT&T; and Dick Cheney, former U.S. vice president. Cheney also joined the company’s board of directors. The funding will enable WellAware to expand its end-to-end solution for oilfield data collection, storage, visualization, mobility, and predictive analytics. The company has completed a network in the Eagle Ford Shale and is developing a network for the Permian Basin. The oil and gas industry is predicted to spend more than $33 billion by 2022 on oilfield intelligence solutions to manage labor shortages, maintain licenses to operate, reduce capital expenditures, and increase efficiency, according to the company.