M&A

ARTICLES

U.S. Dealmaking Surges on Midstream Activity, Foreign Interest, Mega-Deals

Oil and natural gas merger and acquisition (M&A) transaction values in the United States hit a 10-year high in the third quarter, with the midstream sector contributing the big deals, according to PwC US. Read More

American Midstream's Purchase of Costar Bolsters Onshore NatGas, Oil Services

Adding to a string of acquisitions over the past year, Denver-based American Midstream Partners LP on Tuesday completed a $470 million deal to acquire Dallas-based Costar Midstream LLC, boosting its natural gas gathering abilities in the Permian Basin and in East Texas, and giving it leverage in the oil-rich Bakken Shale. Read More

Targa, Atlas to Merge Midstream Operations in $7.7B Deal

Affiliates of U.S. midstream giants Targa Resources Corp. and Atlas Energy LP on Monday agreed to combine their natural gas and oil operations in a transaction worth $7.7 billion... Read More

Dominion Sets Terms for Cove Point Midstream MLP Offering

Dominion Resources Inc. announced terms earlier this week for its midstream master limited partnership (MLP), which would own the Cove Point liquefied natural gas (LNG) terminal in Maryland. Dominion said it expects to raise more than $400 million in an initial public offering (IPO). Read More

S&P Lowers Southwest Gas Ratings on Recent Purchase

Standard & Poor's Ratings Services (S&P) gave a thumbs-down Thursday to Las Vegas, NV-based Southwest Gas Corp.'s ratings based on the natural gas-only utility's purchase of some Canadian pipeline construction companies for more than $200 million. Read More

EnLink Acquires Chevron's Henry Hub Services, Gulf Coast NatGas Systems

EnLink Midstream has agreed to pay $235 million to acquire 1,400 miles of Gulf Coast natural gas pipeline assets from Chevron Corp. affiliates, as well as ownership and management of the title tracking services offered at Henry Hub. Read More

Veresen Sees New Ruby Pipeline Stake as Upside for Jordan Cove LNG

Ruby Pipeline, which carries 1.5 Bcf/d of Rocky Mountain natural gas to western U.S. markets, is gaining Calgary-based Veresen Inc. as a half-partner after Global Infrastructure Partners (GIP) agreed Monday to sell its share for $1.425 billion. El Paso Pipeline Partners LP (EBP) would continue to control 50%. Read More

Rockefeller Trust to Divest From Fossil Fuels

One of the first families of Big Oil -- that of Standard Oil Co. Inc. co-founder John D. Rockefeller -- on Monday said its philanthropic fund was swearing off fossil fuels. Read More

Siemens Expanding U.S. Natural Gas, Oil Footprint With Dresser Takeover

Germany's Siemens AG is laying down $7.6 billion in cash to take over U.S. oilfield equipment maker Dresser-Rand Group Inc., giving it a bigger domestic market share, and as important, more access to Houston natural gas and oil decision-makers, the company’s CEO said Monday. Read More

Boardwalk Buying Gulf Coast Ethylene Pipeline From Chevron

Boardwalk Pipeline Partners LP has agreed to acquire Chevron Petrochemical Pipeline LLC, owner of the Evangeline ethylene pipeline system, for $295 million in cash. Boardwalk plans to connect the pipeline to its Louisiana storage facilities. Read More