M&A

EPL Still Loving That Shallow Water

EPL Oil & Gas Inc. continues its buying spree in the Gulf of Mexico (GOM), agreeing Thursday to acquire five natural gas and oil leases off the coast of Louisiana, a purchase timed to an ongoing push to expand its portfolio of shallow water prospects. Read More

Regency Building Texas Presence with Two Deals Worth $1.6B

Regency Energy Partners LP is picking up the midstream business of Eagle Rock Energy Partners LP in a $1.3 billion deal. Combined with Regency's planned acquisition of PVR Resources, the Eagle Rock assets will diversify its exposure in East and South Texas as well as the Texas Panhandle. A smaller deal, also announced Monday, aims to grow Regency's presence in the Delaware Basin in West Texas. Read More

Activists Target Williams; Shares Jump

A pair of activist shareholders has taken a significant stake in Williams Cos. Inc., driving up the company's share price, as the partners pursue a plan to improve the midstream company's performance and potentially put it in play in the current environment of ongoing midstream consolidation. Read More

Equity Investor Putting $1.3B Into Freeport LNG

Freeport LNG Expansion LP has snagged a $1.3 billion equity investment from IFM Investors for its proposed liquefied natural gas (LNG) liquefaction and export facility on Quintana Island near Freeport, TX. Funds will support development of the facility's second train. Read More

Industry Brief

E&Ps Now Look for Assets, Not Takeovers, Says Raymond James

Upstream merger and acquisition (M&A) activity isn't as slow as some believe, but now it's about asset transactions, rather than mega corporate takeovers, a Raymond James & Co. Inc. analyst said in a note Monday. Read More

Devon Dumping Natural Gas-Heavy Assets in Turn to Oil

The once and former king of unconventional natural gas production in the United States, Devon Energy Corp., is selling close to one-third of its gas reserves to give it more leverage in a bid to become a top North American oil producer, CEO John Richels said Wednesday. Read More

Innovation, Persistence Brewing North America Energy Feast

Innovation and infrastructure investments, peppered with good old fashioned persistence, have cooked up an energy feast in North America, but it's going to need astute chefs to manage... Read More

Pennsylvania PUC Approves Equitable-Peoples Merger

The Pennsylvania Public Utility Commission (PUC) has approved a settlement to allow Peoples Natural Gas Co. to purchase Equitable Gas Co. for $720 million, a deal which will also create the largest local distribution company (LDC) in the state. Read More

'Clear Rebound' in Confidence of Senior Oil, Natural Gas Executives

More than one-third of 169 senior oil and natural gas executives worldwide expect to go after acquisitions in the next year... Read More