NextEra Energy Partners LP has agreed to pay $2.1 billion to buy NET Midstream LLC, giving it seven natural gas pipelines in Texas able to transport up to 3 Bcf/d and the potential to expand by another 1 Bcf/d.
M&A
Articles from M&A
ConocoPhillips Looks to Unload ‘Mature’ Cook Inlet Fields
Just weeks after the Houston super independent announced it was scuttling its deepwater exploration spending for 2015 in an effort to endure lean times (see Daily GPI,July 17), ConocoPhillips said Tuesday the Alaskan unit — ConocoPhillips Alaska (COPA) — has put its North Cook Inlet Field and it’s one-third interest in the Beluga River Field on the market.
July 29, 2015
BP’s Macondo-Driven $5.8B Impairment ‘Huge,’ But Takeover Now Less Likely, Says Dudley
BP plc lost $6.3 billion in the second quarter, reflecting the landmark Macondo well settlement and a near-40% decline in oil prices from a year ago.
July 28, 2015
Talen Energy Acquires Three NatGas-Fired Power Plants For $1.18B
Talen Energy Corp. has agreed to acquire New York-based MACH Gen LLC and its 2,500 MW of natural gas-fired electric generation capacity for $1.18 billion.
July 21, 2015
U.S. Supermajors Stockpile Firepower For Potential Onshore M&A, Says Goldman
Exploration and production (E&P) companies are on the prowl for mergers and acquisitions (M&A), with U.S. supermajors able make some big deals if they are inclined, Goldman Sachs analysts said Thursday.
July 20, 2015
Energy Transfer to Engage in Williams Auction Process
Energy Transfer Equity LP (ETE) and Williams have signed a confidentiality agreement related to ETE’s proposed buyout of Williams, the former said late Thursday.
July 17, 2015
Enterprise Selling Offshore GOM Assets to Focus on Land
Genesis Energy LP has agreed to pay $1.5 billion in cash for the offshore pipeline and services business of Enterprise Products Partners LP and its affiliates. The deal includes ownership interest in 2,350 miles of offshore crude oil and natural gas pipelines and six offshore hub platforms.
July 16, 2015
Kinder Buys Out Shell’s Stake in Elba Island Liquefaction Project
Kinder Morgan Inc. (KMI) is buying out Shell’s equity interest in Elba Liquefaction Co. LLC, owner of the Elba Liquefaction Project proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, GA.
July 16, 2015
NGI The Weekly Gas Market Report
Black Hills’ $1.89B SourceGas Purchase to Add 425,000 NatGas Utility Customers
In a deal that will more than double its utility customers in eight states adding an opportunity to expand its program of providing reserves for ratepayers from its exploration and production (E&P) segment, Rapid City, SD-based Black Hills Corp. has agreed to acquire SourceGas Holding LLC for $1.89 billion.
July 13, 2015
Halliburton, Baker Plan Close For December; More Asset Sales Proposed
Halliburton Co. and Baker Hughes Inc. have agreed to extend until late November an antitrust review by the U.S. Department of Justice of their $35 billion merger, and assets continue to be marketed to advance the deal.
July 13, 2015
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