Blackstone Group Inc. has closed the sale of its 42% stake in Cheniere Energy Inc.’s master limited partnership (MLP) in a transaction valued at $7 billion. The private equity firm sold the units it held in Cheniere Energy Partners LP (CQP) to affiliate Blackstone Infrastructure Partners and Brookfield Infrastructure. The firm first invested $1.5 billion…
Articles from sale
Chevron Corp. said Thursday it plans to sell its 16.67% interest in Australia’s North West Shelf Project, which is among the country’s largest liquefied natural gas (LNG) facilities.
Devon Energy Corp. has amended the terms of its Barnett Shale asset sale to Thailand’s Banpu Kalnin Ventures (BKV), with the Oklahoma City-based independent agreeing to divest the North Texas assets for $570 million in cash at closing and contingent payments of up to $260 million.
Ring Energy Inc. said Tuesday it has entered a deal to sell a portion of its Permian Basin acreage to an undisclosed party for $31.5 million.
Gulfport Energy Corp. has announced another round of noncore asset sales with agreements to sell for nearly $80 million water infrastructure assets in the Midcontinent and stakes in the Appalachian Basin.
Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.
Range Resources Corp. said Monday that it’s sold another overriding royalty interest in its core properties in Southwest Pennsylvania for $150 million to an undisclosed buyer as it continues to focus on cutting debt and strengthening its balance sheet.
Completions expert Nine Energy Service Inc. is slimming down its workforce by almost one-quarter by selling its production solutions segment to cross-town operator Brigade Energy Services LLC.
Calgary-based Crescent Point Energy Corp. is continuing its organizational slim-down launched last year by inking a deal to sell Uinta Basin and Saskatchewan assets for C$912 million ($684 million) to undisclosed buyers.
Kinder Morgan Inc. (KMI) will sell its remaining Canadian assets to Pembina Pipeline Corp. for C$4.35 billion ($3.3 billion) in cash and stock.