A fund controlled by ArcLight Capital Partners LLC has taken a minority stake in the largest natural gas pipeline serving the high-demand Chicago-area market, as well as liquefied natural gas (LNG) export terminals along the Gulf Coast. Kinder Morgan Inc. (KMI) and Brookfield Infrastructure Partners LP on Tuesday said they agreed to sell a 25%…
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ArcLight to Pay $332M for Sempra’s Mississippi, Alabama Natural Gas Storage Facilities
Sempra Energy on Thursday said it has reached an agreement to sell some U.S. natural gas storage facilities to private equity investor ArcLight Capital Partners LLC for $332 million.
ArcLight Creating Appalachia-Focused E&P with ECA Purchase
ArcLight Capital Partners LLC said Thursday it has acquired privately held Energy Corporation of America (ECA) and a trove of natural gas assets in the Appalachian Basin to form an exploration and production (E&P) company. The purchase price was not disclosed.
American Midstream’s Friendly Tie-Up with JP Energy to Combine Onshore, Offshore NatGas-Heavy Enterprise
American Midstream Partners LP agreed Monday to merge with JP Energy Partners LP in a unit-for-unit transaction valued at $2 billion, which would create an enterprise with natural gas and oil pipelines and processing capacity stretching from the deepwater Gulf of Mexico (GOM) into the Permian Basin and through the Eagle Ford and Bakken shales.
Rex Energy Sells Appalachian Water Subsidiary
Rex Energy Corp. has agreed to sell its 60% stake in water distribution subsidiary Keystone Clearwater Solutions LLC in a deal expected to net the company $66 million.
Rex Energy Sells Appalachian Water Subsidiary
Rex Energy Corp. has agreed to sell its 60% stake in water distribution subsidiary Keystone Clearwater Solutions LLC in a deal expected to net the company $66 million.
PVA Unloads Eagle Ford Midstream as It Focuses on E&P
Penn Virginia Corp. (PVA) is selling substantially all of its Eagle Ford Shale natural gas midstream assets to a newly-formed affiliate of ArcLight Capital Partners LLC for gross cash proceeds of $100 million.
Anadarko Backing Eagle Ford Pipeline Extension
Net Midstream’s Eagle Ford Midstream LP plans to construct a 105-mile, 24- and 30-inch diameter extension of its existing pipeline, supported by a long-term gas transportation agreement with Anadarko Petroleum Corp.
Industry Briefs
The Arkoma Connector pipeline, a joint venture of MarkWest Energy Partners and ArcLight Capital Partners, went into operation in mid-July with little fanfare. But Denver-based MarkWest plans to put the focus on its new pipeline during its earnings conference Tuesday. Asked if Arkoma Connector was running at full capacity yet, MarkWest Treasurer Dan Campbell said, “We haven’t disclosed that,” but noted that the company would talk more about the pipeline’s operations at the earnings conference. The pipeline extends from the outlet of a treating plant in northeast Oklahoma 50 miles in a southeasterly direction to near Bennington, OK, where it connects with the Midcontinent Express and Gulf Crossing systems. Arkoma Connector, which was approved by the Federal Energy Regulatory Commission in late 2008, has the capability to deliver 625,000 Dth/d out of the Woodford Shale area to the Bennington area (see Daily GPI, Nov. 14, 2008).