Blackstone Energy Partners LP

Blackstone Acquires Electrical Supplier Power Grid Components

Blackstone’s global head David Foley says the acquisition “fits within one of our favorite investment themes.”

Patterson-UTI to Acquire Global Drill Bit Company Ulterra

The deal to buy Ulterra for about $780 million followsPatterson-UTI Energy’s announced merger in June with NexTier Oilfield Solutions Inc. for $5.4 billion.

A&D Minute (Jan. 4, 2023): Williams' Monster Midstream Acquisition [WATCH]

Also in this week's A&D Minute: Targa Resources snatched up Blackstone's 25% stake in the Grand Prix NGL Pipeline, and check out which companies snuck midstream deals in before the new year.

Blackstone Explores Sale of Patriot Resources in Permian Basin, Sources Say

PRI Operating, also known as Patriot Resources, owns around 35,000 net acres in the southern Delaware Basin, which forms part of the wider Permian Basin which stretches across Texas and New Mexico.

East Coast Private Equity: The View from the Northeast

Northeastern U.S. private equity investors are seeing value across the energy spectrum that now includes alternative energy and the infrastructure it needs.

Diamondback Energy’s Viper Closes Swallowtail Royalties Acquisition

Viper Energy Partners previously announced the acquisition agreement in August of certain mineral and royalty interests from Swallowtail Royalties in a cash-and-stock transaction estimated to be worth nearly $500 million.

Blackstone Taps Alasdair Cathcart to Bolster Energy Transition Strategy

Most recently, Alasdair I. Cathcart served as president of Bechtel’s global oil, gas and chemicals business headquartered in Houston.

'A New Gas Order'

Global U.S. LNG exports reshape the world's market for gas.

US LNG Producers Shift Into High Gear Global Market

The U.S. will make up 67% of growth in global LNG exports between 2019 and 2024 while 33% of global imports are expected to go to China.

Investors And Bankers Want Returns, Not Growth

Out-of-favor independents may look good again as a contrarian mood emerges—but many considerations weigh on the sector.

Long-haul Capacity From The Permian Is Close To Pulling Even With Production

Some overshot is expected, but then a whole new set of pipes may be needed.

The Ins And Outs Of Gas

Problem: the need for sufficient gas pipeline capacity.

Opportunity: new customers beyond power generation and petrochemicals.

Private-Equity Partners Take Larger Role In Midstream Buildout

With Wall Street’s lingering hesitancy about the energy sector, private equity has taken on a larger role in financing the necessary midstream buildout.

Permian Basin Water Woes

Companies operating in the Permian Basin are working to get a better handle on water-related issues as production increases.

Wastewater: Private Equity’s New Black Gold In US Shale

Once managed individually by energy producers, the job of supplying, collecting and disposing of water is a rising cost, and has spawned a $34 billion a year business in the U.S. that has lured investors.