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Rangeland Scoping Out Midstream Assets with EnCap Commitment

Rangeland Scoping Out Midstream Assets with EnCap Commitment

Midstream infrastructure operator Rangeland Energy has formed a portfolio company to pursue acquisitions and projects in conventional and unconventional natural gas and oil plays, along with “decarbonization” opportunities in North America. Rangeland, based near Houston in Sugar Land, formed Rangeland Energy IV after securing a $300 million equity commitment from EnCap Flatrock Midstream. “Rangeland IV…

May 12, 2022
Buckeye Rouses Canada’s Bear Head LNG From Hibernation

Buckeye Rouses Canada’s Bear Head LNG From Hibernation

Houston-based Buckeye Partners LP on Thursday unveiled definitive plans to acquire – and revive – an inactive liquefied natural gas (LNG) project on Canada’s Atlantic coast, Bear Head LNG. “This acquisition demonstrates Buckeye’s focus on being an integral part of the next phase of the global energy evolution,” said Buckeye CEO Todd Russo. Buckeye’s Bear…

May 9, 2022
Canada’s Tamarack Valley Expanding Clearwater Portfolio with Rolling Hills

Canada’s Tamarack Valley Expanding Clearwater Portfolio with Rolling Hills

Tamarack Valley Energy Ltd. is growing its footprint in oil-rich territory east of the Alberta capital in Edmonton with a deal to acquire Rolling Hills Energy Ltd., a privately owned specialist in the area. In its second corporate takeover since December, Tamarack said it entered into a definitive agreement to purchase Rolling Hills for C$93…

April 28, 2022
Empire Expands Reach in North Dakota with Williston Acquisitions

Empire Expands Reach in North Dakota with Williston Acquisitions

Empire Petroleum Corp. has boosted its holdings in North Dakota by expanding its existing interests in the Williston Basin and entering a play in the Birdbear formation. The Tulsa-based exploration and production company completed acquisitions earlier this month from an undisclosed firm for an undisclosed price. The deal could increase Empire’s net production in North…

April 21, 2022
Delek Expanding Oil, Natural Gas Reach into Permian Delaware with 3Bear

Delek Expanding Oil, Natural Gas Reach into Permian Delaware with 3Bear

Delek Logistics Partners LP is expanding its foothold into the northern part of the Permian Basin with a $624.7 million deal to acquire the equity interests of privately held 3Bear Delaware Holding-NM LLC. Delek’s newly formed subsidiary DKL Delaware Gathering LLC is set to acquire 3Bear’s crude oil and natural gas gathering, processing and transportation…

April 11, 2022
Arm Extends Texas Natural Gas Options with NextEra’s Monument System

Arm Extends Texas Natural Gas Options with NextEra’s Monument System

An intrastate natural gas pipeline in Texas owned by NextEra Energy Partners LP, the 156-mile, 16-inch diameter Monument Pipeline LP, has been sold to a Houston-based holding company for $203 million.  Monument, part of the Juno Beach, FL-based partnership’s Texas portfolio, sold the system to Arm Monument Intermediate Holdings LLC, an affiliate of Arm Energy…

April 4, 2022
Targa Consolidating Permian Natural Gas Gathering Footprint with Southcross Acquisition

Targa Consolidating Permian Natural Gas Gathering Footprint with Southcross Acquisition

Targa Resources Corp. said Thursday it has signed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million in a deal that will consolidate Targa’s natural gas gathering and processing footprint. The Southcross assets include a currently idle 200 MMcf/d natural gas processing plant, Houston-based Targa said. Through the…

March 18, 2022
Strathcona Builds Montney, Oilsands Stakes with Two Acquisitions

Strathcona Builds Montney, Oilsands Stakes with Two Acquisitions

Calgary-based Strathcona Resources Ltd. has grown to heavyweight status among private exploration companies after completing two acquisitions that boosted its combined oil and natural gas production to about 110,000 boe/d. Before the latest dealmaking, Strathcona’s production was averaging 75,000-80,000 boe/d.   The company, 100% owned by the private equity Waterous Energy Fund and Strathcona employees, broke…

March 15, 2022
Williams Expands Haynesville Natural Gas Operations, Eyes Moving RSG for LNG Export

Williams Expands Haynesville Natural Gas Operations, Eyes Moving RSG for LNG Export

Tulsa-based Williams has clinched agreements with Quantum Energy Partners that include more than doubling its Haynesville Shale natural gas midstream footprint to 4 Bcf/d-plus from 1.8 Bcf/d. In one deal, Williams agreed to pay $950 million for Quantum’s Trace Midstream, which holds East Texas natural gas gathering and processing assets.  A memorandum of understanding with…

March 14, 2022
TC Comes to Terms with Most Native Tribes on Coastal GasLink, Conduit for LNG Canada

TC Comes to Terms with Most Native Tribes on Coastal GasLink, Conduit for LNG Canada

A native ownership offer has been accepted by most of the tribes holding cooperation and benefits agreements with Coastal GasLink (CGL), a natural gas pipeline that TC Energy Corp. is building to supply the liquefied natural gas (LNG) export terminal underway in British Columbia (BC). Sixteen of 20 tribes came to terms for the system,…

March 10, 2022
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