Stake

Sempra Pipelines & Storage signed a memorandum of understanding (MOU) with Williams and TransCanada Corp. to acquire a 25% stake in their proposed Sunstone Pipeline, which would carry natural gas from the Rocky Mountain basins to Oregon. A Sempra Energy affiliate also contracted for an undisclosed amount of capacity on the proposed $2.34 billion pipeline.

Sempra Pipelines & Storage has signed a memorandum of understanding (MOU) with Williams and TransCanada Corp. to acquire a 25% stake in their proposed Sunstone Pipeline, which would carry natural gas from the Rocky Mountain basins to Oregon. A Sempra Energy affiliate also contracted for an undisclosed amount of capacity on the proposed $2.34 billion pipeline.

German utility RWE Group announced Monday that it has completed the acquisition of a 50% stake in the liquefied natural gas (LNG) business of Excelerate Energy LLC for an estimated $500 million.

German utility RWE Group last week agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

German utility RWE Group has agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million, the companies announced Thursday. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

BreitBurn Energy Partners LP is building its stake in onshore natural gas properties under an agreement to purchase all of Quicksilver Resources Inc.’s properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of BreitBurn’s common units. The transaction, expected to close early next month, is 94% weighted to gas, with a total value of about $1.45 billion.

BreitBurn Energy Partners LP is building its stake in onshore natural gas properties under an agreement to purchase all of Quicksilver Resources Inc.’s properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of Breitburn’s common units. The transaction, expected to close early next month, is 94% weighted to gas, with a total value of about $1.45 billion.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney shales, the company said. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney Shales, the company said Thursday. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.