Energy Transfer Equity LP (ETE) has agreed to acquire its affiliated master limited partnership (MLP) Energy Transfer Partner LP (ETP) in an all-stock transaction valued at $27 billion, management for the two companies announced.
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FERC Green Lights Blue Mountain Natural Gas Delivery Line in Oklahoma
Linn Energy Inc. subsidiary Blue Mountain Midstream LLC has been given the go-ahead by FERC to construct a residue natural gas line to help expand Oklahoma takeaway.
Jones Targeting Eastern Anadarko ‘Merge’ For 2017
Austin-based Jones Energy Inc. said more than half of its gross identified drilling locations are in its growing Merge play, which is now about 21,000 net acres in the Eastern Anadarko Basin; it “has transformed” the company’s asset base, Jones said.
Contango, Crimson Agree to Merge
Houston-based operators Contango Oil & Gas Co. and Crimson Exploration Inc. have agreed to merge in an all-stock transaction that would create a company with prospects in the Gulf of Mexico’s (GOM) shallow water, as well as unconventional acreage in the United States and Canada.
Halcon, GeoResources Combo to Create Onshore ‘Resource Powerhouse’
Halcon Resources Corp., run by the former chief of shale powerhouse Petrohawk Energy Corp., and GeoResources Inc. have agreed to merge in a cash-and-stock transaction worth an estimated $1 billion. The combined company would have an onshore portfolio of opportunities across the Midcontinent, with a core area in the Bakken Shale.
Calgary Cross-Town Merger Creates Pipeline, Midstream Giant
Calgary’s Pembina Pipeline Corp. and Provident Energy Ltd. agreed last week to merge in a C$3.2 billion ($3.1 billion) transaction that would create a Canadian giant with oil and natural gas pipelines to transport crude and natural gas liquids (NGL), as well as midstream gas processing and an energy marketing arm.
Pembina-Provident Combo to Create Energy Infrastructure Heavyweight
Calgary’s Pembina Pipeline Corp. and Provident Energy Ltd. agreed Monday to merge in a C$3.2 billion ($3.1 billion) transaction that would create a Canadian giant with oil and natural gas pipelines to transport crude and natural gas liquids (NGL), midstream gas processing and an energy marketing arm.
Calgary Cross-Town Merger to Create Pipeline, Midstream Giant
Calgary’s Pembina Pipeline Corp. and Provident Energy Ltd. agreed Monday to merge in a C$3.2 billion ($3.1 billion) transaction that would create a Canadian giant with oil and natural gas pipelines to transport crude and natural gas liquids (NGL), midstream gas processing and an energy marketing arm.
Industry Brief
Nevada’s two major private-sector electric utilities, both operating under corporate parent NV Energy, will merge into one utility headquartered in Las Vegas. Sierra Pacific Power Co., a combination natural gas and electric utility in the north, will be consolidated into the larger electric-only Nevada Power Co. utility in the south, said NV Energy CEO Michael Yackira. Filings to the Nevada Public Utilities Commission and the Federal Energy Regulatory Commission are to be made by the end of this year.
Bidding War Behind the Scenes for Southern Union Properties
Williams, which saw its bid to merge with Southern Union Co. over a competing offer by Energy Transfer Equity LP (ETE) rebuffed again and again this past summer, apparently expressed an interest in acquiring some of Southern Union’s assets over the past two months, according to a regulatory filing.