Natural gas futures, under heavy pressure most of 2023 amid mild weather and strong production, found a path forward for a second consecutive session on Wednesday as traders focused on export strength and expectations for a bullish inventory report. At A Glance: Prompt month posts 4.9-cent gain Analysts see low 20s Bcf withdrawal Production slowed…
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Southwest Gas Spurns Icahn, Offers Dominion $2B for Questar Natural Gas Systems
Snubbing calls to quash the deal by activist investor Carl Icahn, Southwest Gas Holdings Inc. has offered to pay Dominion Energy Inc. nearly $2 billion for Questar Pipeline LLC, which includes a bundle of Rocky Mountain natural gas transmission assets. The Las Vegas holding company purchases, distributes and transports natural gas to more than two…
Dominion Seeking New Buyer for Questar Natural Gas Assets After Scrapping Berkshire Hathaway Deal
Dominion Energy is looking for a new buyer of its Questar Pipelines after a deal to sell the Rockies natural gas transmission and storage assets to an affiliate of Berkshire Hathaway Inc. was scuttled. Dominion and Berkshire Hathaway Energy jointly announced the decision to terminate the deal on Monday, citing the “ongoing uncertainty associated with…
Dominion Drops Down Questar Pipeline to MLP in $1.725B Deal
Dominion Resources Inc. on Monday said Dominion Midstream Partners LP, its affiliated master limited partnership (MLP), will acquire Questar Pipeline LLC in a $1.725 billion drop-down that is expected to close Dec. 1.
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Dominion-Questar Tie-Up Gets OK From Utah Regulators
The proposed merger between Richmond, VA-based Dominion Resources Inc. and Salt Lake City, UT-based Questar Corp. came one step closer to completion Tuesday when Utah’s Public Service Commission signed off on the deal, the companies announced.
Questar Determined to Sell Southern Trails Pipeline in Southwest
Salt Lake City-based Questar Corp. officials reiterated on a quarterly earnings call Thursday their intention to sell the 488-mile Southern Trails natural gas pipeline, extending from the Blanco Hub in New Mexico to just inside California.
Questar Determined to Sell Southern Trails Pipeline in Southwest
Salt Lake City-based Questar Corp. officials reiterated on a quarterly earnings call Thursday their intention to sell the 488-mile Southern Trails natural gas pipeline, extending from the Blanco Hub in New Mexico to just inside California.
Dominion to Pay $4.4B For Gas Utility Company Questar
Power company Dominion Resources Inc. plans to acquire natural gas distributor and pipeline company Questar Corp. for $4.4 billion cash plus debt in a deal that continues the recent trend of electricity players acquiring natural gas local distribution companies (LDC).
Questar Adds NatGas Properties to Wyoming/Utah Utility Agreement
Questar Corp. has received approval from Utah and Wyoming regulators to include additional natural gas properties under a long-standing agreement that enables it to produce gas at cost-of-service for its utility customers in both states.
Questar Wins FERC Approval to Streamline Reserve Capacity Procedures
FERC has approved a request from Questar Pipeline Co. to use streamlined procedures that would allow the company to reserve capacity for expansion projects and to sell the capacity on an interim basis without the right of first refusal (ROFR) by shippers.