The merger proposed between Permian Basin producers Diamondback Energy Inc. and Energen Corp. has been approved by each company’s stockholders. Diamondback is acquiring the Birmingham, AL-based operator in an all-stock transaction estimated at $9.2 billion. The merger, set to be completed by Friday (Nov. 29), is giving Midland, TX-based Diamondback a total of 390,000 net acres across the Midland and Delaware sub-basins of the Permian, an 85% increase from Diamondback’s 211,000 net acres at the end of June.
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FERC has approved limited tree felling activities for the Atlantic Coast Pipeline (ACP), a step forward for a project that continues to encounter vocal pushback from opposition groups and is still seeking final approval on some state-level permits.
FERC sent mixed signals late Friday after it issued a certificate order authorizing the PennEast Pipeline, a broader indication of the regulatory hurdles the project still faces at the state level as it plods toward a targeted 2019 in-service date.
FERC has given Millennium Pipeline Co. LLC permission to construct most of its Eastern System Upgrade (ESU) project, which would provide an additional 223,000 Dth/d of firm transportation service to local distribution companies (LDC) and municipalities in New York.
FERC on Friday cleared Rover Pipeline LLC to place three eastern Ohio supply laterals and associated compression into service, clearing the way for the 3.25 Bcf/d, 710-mile pipeline to offer up additional capacity to producers by the end of the year, as scheduled.
Five months to the day after losing its quorum, FERC on Monday issued a certificate of approval for Texas Eastern Transmission LP’s proposed Bayway Lateral Project, which would fuel a refinery and an adjacent co-generation plant in New Jersey.
Huu-ay-aht First Nations has become the first British Columbia Nation to approve a co-management development arrangement for a liquefied natural gas (LNG) export facility.
FERC issued a certificate of public convenience and necessity to Tennessee Gas Pipeline Co. LLC (TGP) on Thursday, authorizing it to construct and operate the Orion Project, a looping project on its 300 Line designed to serve increasing demand in the Mid-Atlantic and New England.