M&A

The acquisition of Chicago-based Integrys Energy Group (see Daily GPI, June 23, 2014) by Milwaukee-based Wisconsin Energy Corp. (WE), which is on track to close late this summer, will result in the natural gas utility side of the merged companies growing a little faster than the power side over the next four to five years, according to WE CEO Gale Klappa.

U.S. natural gas and oil industry dealmaking stalled in the first quarter as operators attempted to find their footing, but more executives are optimistic about opportunities to invest and expand over the coming year, new research indicates.

U.S. natural gas and oil industry dealmaking stalled in the first quarter as operators attempted to find their footing, but more executives are optimistic about opportunities to invest and expand over the coming year, new research indicates.

With slumping oil and stagnant natural gas prices, the market for merger and acquisition (M&A) activity among exploration and production companies would appear to be a good bet. However, many of the biggest companies with the deepest pockets are remaining on the sidelines.

With slumping oil and stagnant natural gas prices, the market for merger and acquisition (M&A) activity among exploration and production companies would appear to be a good bet. However, many of the biggest companies with the deepest pockets are remaining on the sidelines.

Houston-based Parallax Energy is buying Louisiana LNG Energy LLC. The proposed export project to be acquired would be the second "mid-scale" liquefaction and export project undertaken by Parallax this year and would complement the first with design and engineering similarities.

Houston-based Parallax Energy is buying Louisiana LNG Energy LLC. The proposed export project to be acquired would be the second “mid-scale” liquefaction and export project undertaken by Parallax this year and would complement the first with design and engineering similarities.

U.S.-based natural gas producers are producing less while Chinese and Russian operators are producing more, according to a ranking by Societe Generale.

U.S.-based natural gas producers are producing less while Chinese and Russian operators are producing more, according to a ranking by Societe Generale.