Outrigger Energy II LLC has completed the sale of its midstream system in Weld County, CO, to Summit Midstream Partners LP. Summit Midstream previously said the deal was worth about $305 million total in cash. Outrigger’s Denver-Julesburg (DJ) Basin system includes a 60 MMcf/d cryogenic natural gas processing plant with product deliveries to the Cheyenne…
Articles from Gathering
Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway
Matador Resources Co. has agreed to purchase Summit Midstream Partners LP’s Lane natural gas gathering and processing (G&P) system in New Mexico’s Eddy and Lea counties for $75 million. In connection with the deal, Matador “will assume certain takeaway capacity on the Double E pipeline, a FERC-regulated natural gas pipeline operated by Summit,” the Dallas-based…
Targa Consolidating Permian Natural Gas Gathering Footprint with Southcross Acquisition
Targa Resources Corp. said Thursday it has signed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million in a deal that will consolidate Targa’s natural gas gathering and processing footprint. The Southcross assets include a currently idle 200 MMcf/d natural gas processing plant, Houston-based Targa said. Through the…
Enterprise Opens Door to Permian Midland with $3.25B Navitas Takeover
Houston’s Enterprise Products Partners LP has agreed to acquire Navitas Midstream Partners LLC for $3.25 billion, giving the giant partnership an entry point in the Permian Basin of West Texas and an additional 1 Bcf/d of natural gas processing capacity. The agreement to acquire Navitas, headquartered north of Houston in The Woodlands, could be completed…
UGI Growing Appalachia Midstream Footprint with Stonehenge Purchase
A UGI Corp. subsidiary is adding more than 47 miles of natural gas pipeline to its portfolio in Appalachia with the $190 million purchase of midstream assets from Stonehenge Energy Holdings LLC. The deal to acquire Stonehenge Appalachia LLC also includes associated compression assets, along with gathering capacity of 130 MMcf/d, all located in Butler…
Energy Transfer to Take Out Enable Midstream for $7.2 Billion, Expand Natural Gas Footprint
Major U.S. pipeline operator Energy Transfer LP said Wednesday it would pay $2.6 billion in an all-stock deal to acquire Enable Midstream Partners LP. Including debt, the transaction is valued at $7.2 billion. Energy Transfer, whose plan to expand the controversial Dakota Access crude oil pipeline has been met with repeated court challenges and setbacks,…
NGI The Weekly Gas Market Report
DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts
Even as DTE Energy is implementing cost-cutting measures to help navigate the economic downturn brought on by the coronavirus, the natural gas storage and pipelines (GSP) assets in the Lower 48 are creating a path for long-term success.
Antero Targeting Up to $1B in Asset Sales Next Year
Appalachian pure-play Antero Resources Corp. said Monday it would target up to $1 billion in asset sales in 2020 as part of ongoing efforts to curb spending and moderate growth.
Kinder Morgan Snaps Up South Texas Natural Gas System from Southcross
Eagle Ford Shale midstreamer Southcross Energy Partners LP, which filed for Chapter 11 restructuring earlier this year, has been given approval to sell some natural gas pipeline and infrastructure assets in South Texas to a unit of Kinder Morgan Inc.
Crestwood Eyeing Midstream Projects in Bakken, PRB After Record 3Q Volumes
After setting fresh highs in gathering volumes on its Jackalope natural gas gathering and processing (G&P) system in Wyoming earlier in October, Crestwood Equity Partners LP is looking to add incremental dedications to the system.