Gulfport Energy Corp. said Monday it has agreed to buy 30,000 net acres in the Utica Shale in eastern Ohio for approximately $300 million, a transaction that would boost the company’s position in the play to about 137,000 gross acres (99,000 net).
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NuStar Energy Unloads San Antonio Refinery, Terminal
Making good on its plan to continue a “strategic redirection” of its business, NuStar Energy LP on Monday said it has agreed sell its San Antonio refinery and related assets, including a terminal in Elmendorf, TX, and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, LP for $100 million, plus closing date inventory estimated to be $15 million.
Total Takes Sabine Pass LNG Capacity
Total Gas & Power North America Inc. has agreed to buy the equivalent of 91,250,000 MMBtu of liquefied natural gas (LNG) annually plus 13,500,000 MMBtu of seasonal LNG volumes upon the commencement of train five operations at the Sabine Pass Liquefaction LLC project in Louisiana, project developer Cheniere Energy Partners LP said Monday.
Ultra Sells Wyoming Liquids Pipe, Gathering Assets for $225M
Ultra Petroleum Inc.’s Wyoming unit on Friday agreed to sell a liquids pipeline system and gathering facilities and certain associated real property rights in the Pinedale Anticline in Wyoming for $225 million. The buyer is Pinedale Corridor LP, a newly created unit of CorEnergy Infrastructure Trust, and the deal is expected to close later this month.
Atlas Pipeline Expands with Cardinal Purchase
Atlas Pipeline Partners LP (APL) on Monday agreed to pay $600 million for all of the operating assets of privately held Cardinal Midstream LLC, which would give it cryogenic processing plants, associated gathering pipelines and a gas treatment business that includes facilities in the Woodford, Eagle Ford, Haynesville and Fayetteville shales, as well as the Granite Wash and Avalon formations.
Railroad Signs NGL Transport Agreement with Utica East
Genesee & Wyoming Inc. (GWI) announced Monday that one of its railroad subsidiaries has signed a long-term agreement to transport natural gas liquids (NGL) and serve a fractionation facility being built by Utica East Ohio Midstream LLC (UEO) in Harrison County, OH.
Alliance Fined for Trying to Mislead Shippers on Unsubscribed Capacity
Alliance Pipeline has agreed to pay a civil penalty of $500,000 for violating FERC regulations with respect to capacity auctions two years ago, specifically giving shippers a misleading impression about the amount of unsubscribed capacity on its system.
TransCanada Buys BP’s Stakes in Storage Partnership
TransCanada Corp. agreed to pay BP plc C$210 million to buy out the producer’s interest in the Crossfield Gas Storage facility near Edson, AB, as well as its stakes in an affiliated marketing joint venture (JV) between the two operators.
NatGas Supplier Plans to Tap Into Constitution Pipeline
Constitution Pipeline Co. LLC said Friday it would work with Leatherstocking Gas Co. LLC, a New York-based natural gas supplier, to pursue agreements to design, build and operate delivery interconnects along the natural gas pipeline’s proposed 121-mile route, essentially converting it to an “open access pipeline.”
Magnum Hunter Buying 51,500 Appalachian Acres
Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.