Purchase

Energy Transfer Partners LP’s (ETP) $5.3 billion purchase of Sunoco Inc. isn’t expected to close until the second half of this year, but integration of the two companies “is well under way,” according to ETP CFO Martin Salinas.

Eagle Rock Energy Partners LP said there were no injuries or fatalities from Monday afternoon’s explosion and subsequent fire at a natural gas processing facility in the Texas Panhandle. It is investigating the incident.

UK-based Weir Group plc this week struck a $176 million deal to acquire Dallas-based Novatech LLC, its second oilfield services purchase in two months. The transaction would give Weir an even bigger footprint in North America’s onshore.

Big rig truckers and fleet operators contemplating the purchase of a natural gas-fueled rig have several things to consider. One is the availability of fuel. Compressed natural gas (CNG) and liquefied natural gas (LNG) don’t share the same availability characteristics, according to Kenworth Truck Co.’s Andy Douglas, national sales manager for specialty markets.

Endeavour International Corp. last Wednesday said it had terminated purchase and sale agreements with SM Energy Co. and other minority owners to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania. SM Energy Co. responded with a threat of legal action.

Endeavour International Corp. on Wednesday said it has terminated purchase and sale agreements with SM Energy Co. and other minority owners to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania.

Cheniere Energy Partners LP’s Sabine Pass Liquefaction LLC and Gail (India) Ltd. have struck a liquefied natural gas (LNG) sale and purchase agreement (SPA). Gail has agreed to buy 3.5 million metric tons per year from train four of the Sabine Liquefaction project in Cameron Parish, LA.

For the second consecutive quarter three of the top five natural gas marketers reported sales volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 127.06 Bcf/d in 3Q2011, an 8.54 Bcf/d (6%) decrease from the 135.60 Bcf/d they transacted in 3Q2010, according to NGI’s 3Q2011 Top North American Gas Marketers Ranking.

For the second consecutive quarter three of the top five natural gas marketers reported sales volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 127.06 Bcf/d in 3Q2011, an 8.54 Bcf/d (6%) decrease from the 135.60 Bcf/d they transacted in 3Q2010, according to NGI’s 3Q2011 Top North American Gas Marketers Ranking.