Acquire

Summit Midstream Partners LLC and Energy Transfer Partners LP unit La Grange Acquisition LP have agreed for Summit to acquire ETC Canyon Pipeline LLC for $207 million. Canyon gathers and processes gas in the Piceance and Uinta basins in Colorado and Utah. The gathering and processing system consists of more than 1,600 miles of pipeline, 44,000 hp of compression, processing assets with capacity of 97 MMcf/d, and two natural gas liquids injection stations. The deal is expected to close during the fourth quarter subject to regulatory approvals and conditions.

Williams Partners and Williams said Monday the partnership plans to acquire Williams’ 83.3% interest in an olefins production facility in Geismar, LA. The partnership also would become the operator of the plant.

Global Infrastructure Partners (GIP) has completed its first multi-asset transaction with Chesapeake Energy Corp. to acquire the profitable midstream businesses, closing Monday on the $2 billion acquisition of Chesapeake Midstream Partners LP (CHKM).

Houston’s Linn Energy LLC last week made a $1.025 billion cash deal to acquire BP plc’s substantial natural gas operations in the Green River Basin of Wyoming.

Houston’s Linn Energy LLC on Monday agreed to pay $1.025 billion in cash to acquire BP plc’s substantial natural gas operations in the Green River Basin of Wyoming.

Adding to its already significant holdings in the Permian Basin of West Texas and southern New Mexico, Concho Resources Inc. on Monday agreed to acquire all the oil and natural gas assets of Three Rivers Operating Co. and affiliated entities for $1 billion in cash.

Petroleum Development Corp. (PDC) said Monday it would pay $330.6 million to acquire close to 35,000 net acres in a liquids-rich area of the Niobrara and Codell formations in Colorado from an undisclosed seller.

Devon Energy said last week it plans to acquire competitor Ocean Energy Inc. in a $5.3 billion stock-debt assumption transaction that will create the largest U.S.-based independent producer, with a major focus on North American natural gas.

Investors apparently approved of Philadelphia-based Atlas Resource Partners LP’s deal to acquire 277 Bcfe of proved reserves, including undeveloped drilling locations, in the Barnett Shale from Carrizo Oil & Gas. Atlas shares closed up 32% Friday following the deal’s announcement.