M&A

BP plc, the top North American natural gas marketer, is building its estimable U.S. commercial and industrial retail power and gas arm with the purchase of Houston-based EDF Energy Services (ES). The agreement would provide “opportunities…to enhance and deliver additional lower carbon integrated energy solutions,” according to BP. The purchase of ES also is likely…

Antero Midstream Corp. plans to acquire the Marcellus Shale natural gas gathering and compression assets owned by Crestwood Equity Partners LP (CEQP), the companies reported Monday. The $250 million bolt-on acquisition, which requires regulatory approval, would boost Appalachian Basin pure-play Antero’s gas compression capacity by 20% and gas compression mileage by 15%, said management. CEQP…

A 184-square-mile tract of Alberta production and drilling rights fetched C$1.4 billion ($1.1 billion) in a takeover announced Monday by Calgary-based Tamarack Valley Energy Ltd. The acquisitive exploration and production (E&P) company is buying Deltastream Energy Corp., to capture more Clearwater stakes. The formation northeast of the provincial capital in Edmonton is one of the…

After closing the acquisition of one of West Virginia’s largest local natural gas distribution companies (LDC) from Dominion Energy Inc., Hearthstone Holdings Inc. is headed to the Mountain State. Hearthstone and Dominion disclosed Thursday the companies had closed the sale of Hope Gas Inc., which does business as Dominion Energy West Virginia, to Hearthstone for…

Williams, building its natural gas portfolio to move more supply to the Gulf Coast and beyond, has snapped up NorTex Midstream Partners LP in a $423 million deal that expands Texas opportunities. The NorTex purchase, from an affiliate of private equity firm Tailwater Capital, includes 80 miles of gas transportation pipelines, 36 Bcf of storage…

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

Sitio Royalties Corp. and Brigham Minerals Inc. said Tuesday they have agreed to merge in a roughly $4.8 billion, all-stock transaction. The combined firm would be the largest publicly traded mineral and royalty company in the United States, according to Sitio and Brigham. The plan is to focus on industry consolidation across diverse operators and…

International asset management group IKAV has agreed to acquire Bakersfield, CA-based independent Aera Energy LLC from joint owners Shell plc and ExxonMobil, the energy companies reported Thursday. Accounting for nearly one-quarter of California’s oil and gas output from about 13,000 wells, Aera is 51.8% owned by Shell and 48.2% by ExxonMobil. Shell said it expects…