A unit of General Electric said Monday it has completed acquiring substantially all of the assets of a Texas-based small-scale liquefied natural gas (LNG) design/manufacturing firm, underscoring a recent consultant report that the shale boom is creating a more viable market for natural gas in the transportation sector.
Acquiring
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NorthWestern Adds Montana Gas Reserves to Support Utility
NorthWestern Energy Corp. has increased its natural gas holdings in northern Montana’s Bear Paw Basin by acquiring some assets from Devon Energy Corp.
Gastar Buys Oklahoma Acreage, Repurchases Stock from Chesapeake
Gastar Exploration Ltd. announced a three-way deal with Chesapeake Energy Corp. on Monday, in which Gastar purchased proven reserves in the prospective Hunton Limestone formation in Oklahoma, as well as close to 10% of its common stock. The companies also agreed to settle outstanding litigation.
Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin
Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.
Shell’s Repsol LNG Purchase Excludes Canaport
Royal Dutch Shell plc is acquiring part of Repsol SA’s liquefied natural gas (LNG) portfolio outside North America, in particular adding LNG capacity in the western Atlantic Basin from Atlantic LNG in Trinidad & Tobago, and in the East Pacific from Peru LNG. Not being sold is Repsol’s troubled Canaport LNG regasification terminal in Saint John, NB.
Repsol-Shell LNG Deal Excludes Canaport Terminal
Royal Dutch Shell plc is acquiring part of Repsol SA’s liquefied natural gas (LNG) portfolio outside North America, in particular adding LNG capacity in the western Atlantic Basin from Atlantic LNG in Trinidad & Tobago, and in the East Pacific from Peru LNG. Not being sold is Repsol’s troubled Canaport LNG regasification terminal in Saint John, NB.
Kinder Morgan Strikes $5B Deal for Copano
Kinder Morgan Energy Partners LP (KMP) is acquiring Copano Energy LLC in a deal worth $5 billion, including debt. Midstreamer Copano is active mainly in Texas, Oklahoma and Wyoming and has been a joint venture (JV) partner with KMP in the Eagle Ford Shale.
Kinder Morgan Picking Up Copano in $5B Deal
Kinder Morgan Energy Partners LP (KMP) is acquiring Copano Energy LLC in a deal worth $5 Billion, including debt. Midstreamer Copano is active mainly in Texas, Oklahoma and Wyoming and has been a joint venture (JV) partner with KMP in the Eagle Ford Shale.
LDC Equitable Merging into Peoples Gas
SteelRiver Infrastructure Partners, owner of Peoples Natural Gas, is acquiring Equitable Gas Co. LLC from EQT Corp. in exchange for $720 million and “select midstream assets and commercial arrangements” in the Marcellus Shale region, the companies said Thursday.
LDC Equitable to Be Merged into Peoples Gas
SteelRiver Infrastructure Partners, owner of Peoples Natural Gas, is acquiring Equitable Gas Co. LLC from EQT Corp. in exchange for $720 million and “select midstream assets and commercial arrangements” in the Marcellus Shale region, the companies said Thursday.