Buyout

Plains All American Pipeline (PAA) is proposing to acquire PAA Natural Gas Storage (PNG), which owns and operates three natural gas storage facilities in Louisiana, Mississippi and Michigan, in a unit-for-unit exchange valued at approximately $1.39 billion, the companies said Tuesday. PAA already holds a general partner interest and majority equity ownership position in PNG.

Pioneer Natural Resources Co. (PXD) has made a buyout offer to Pioneer Southwest Energy Partners LP(PSE) with the goal of consolidating the companies’ properties in the Midland Basin in West Texas.

Kinder Morgan Inc. (KMI) is selling two pipelines, gas processing and treating facilities, and its 50% share of Rockies Express Pipeline (REX) to win Federal Trade Commission (FTC) approval of its buyout of El Paso Corp., the company said last Thursday. What at least some of the assets are worth depends upon what the buyer intends to do with them, one analyst said last week.

Kinder Morgan Inc. (KMI) is selling two pipelines, gas processing and treating facilities, and its 50% share of Rockies Express Pipeline (REX) to win Federal Trade Commission (FTC) approval of its buyout of El Paso Corp., the company said Thursday.

ExxonMobil’s U.S. unconventional natural gas-weighted portfolio, substantially built with the buyout of XTO Energy Inc. last year, now totals 76 Tcfe, which is almost 70% more than the companies recognized at the time of the merger, the investor relations chief said Thursday.

Houston-based Vanguard Natural Resources LLC on Friday made an offer valued at about $567 million to buyout the remaining stake of Encore Energy Partners LP (ENP), about 54%, that it doesn’t already own.

Quicksilver Energy LP of Fort Worth, TX, and the members of the Darden family — including CEO Glenn Darden and Chairman Thomas Darden — have scrapped talks of a buyout that would have taken the company private, they said Thursday.

Observers need look no further than ExxonMobil Corp.’s buyout of shale king XTO Energy Corp. in late 2009 to acknowledge that the integrated U.S. producers aren’t ceding North America’s unconventional oil and gas reservoirs to the independents.

ExxonMobil Corp. regained the top spot in a ranking of the 50 largest listed energy companies in 2010, lifted by its buyout of XTO Energy Inc. and a 7% gain in share price growth, according to the PFC Energy 50 annual ranking.