EnLink's $600M Midstream Deal Expands Permian Activities

EnLink Midstream Partners LP plans to pay about $600 million in cash and partnership units for Permian Basin gas gatherer and processor Coronado Midstream Holdings LLC, continuing an acquisition spree backed by a " position which allows us to effectively expand in times like these," EnLink CEO Barry Davis said Monday. Read More

Kinder Buying Harold Hamm's Bakken Pipes in $3B Deal

Kinder Morgan Inc. (KMI) agreed to pay about $3 billion, including about $1 billion of assumed debt, for Hiland Partners, which has crude oil gathering and transportation pipelines, and natural gas gathering and processing systems, primarily serving the Bakken Shale in North Dakota and Montana. Read More

EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota's crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states. Read More