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Blackstone Sells Stake in Cheniere MLP for $7B

Blackstone Sells Stake in Cheniere MLP for $7B

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…

September 25, 2020
Chevron Planning to Sell Stake in Australia’s North West Shelf LNG Facility

Chevron Planning to Sell Stake in Australia’s North West Shelf LNG Facility

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.

June 18, 2020
Devon Revamps Barnett Sale to BKV with Closing Extended to December

Devon Revamps Barnett Sale to BKV with Closing Extended to December

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.

April 15, 2020
Ring Energy in Deal to Sell Permian Delaware Acreage

Ring Energy in Deal to Sell Permian Delaware Acreage

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.

April 15, 2020

Gulfport Unloads More Midcontinent, Appalachian Assets for Roughly $80M

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.

December 23, 2019

Devon Exits Barnett, Thailand’s BKV Expands Stakes in Lower 48 Natural Gas

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.

December 18, 2019
Range Completes Another Deal to Sell Royalty Interest in Southwest Pennsylvania

Range Completes Another Deal to Sell Royalty Interest in Southwest Pennsylvania

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.

October 21, 2019

Brigade to Take Over Nine Energy’s Production Solutions Business

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.

September 5, 2019

Crescent Point Tightens Portfolio with Utah, Saskatchewan Sales

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.

September 4, 2019

Kinder Morgan to Sell Last Canadian Assets for $3.3 Billion

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.

August 21, 2019
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