M&A

ARTICLES

UIL Abandons Deal to Buy Philadelphia Gas Works

UIL Holdings Corp. has terminated its $1.86 billion agreement to purchase Philadelphia Gas Works (PGW), the nation's largest municipally-owned gas utility, after the city council’s decision in October to rule out what it deemed a risky sale. Read More

Spending by Independents Drops in 2013 on Depressed NatGas Prices

Exploration and development (E&D) spending by independents worldwide dropped by 14% in 2013 from 2012 as depressed natural gas prices in North America took a toll on cash flows and spending ability, an annual survey by EY found. Read More

Less Appetite for Whipping Up E&P Deals in 2015, Say Execs

The global economy may be increasingly stable, with resilient equity markets, but the global oil and gas landscape for mergers and acquisitions (M&A) is only cautiously optimistic, according to EY's 11th biannual Oil and Gas Capital Confidence Barometer. Read More

Quanta Expands Into Canada After Acquiring Banister

Quanta Services Inc. announced Monday that it had acquired Banister Pipelines Corp., a move that will expand the Houston-based company's pipeline construction and maintenance business in Canada. Read More

Texas Still Tops For Global Natural Gas, Oil Investment, Says Survey

Texas remains the most attractive place in the world for oil and natural gas investment, with Alberta holding the No. 2 position, the Fraser Institute reported Thursday. Read More

Halliburton in Merger Talks with Baker Hughes

Baker Hughes Inc. affirmed it is in preliminary discussions with Halliburton Co. regarding a potential merger, a blockbuster prospect for North America's onshore and offshore operators -- and for Houston as well, where the oilfield giants are headquartered. Read More

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