This is your Hart Energy LIVE A&D Minute powered by the DUG Haynesville Conference next week in Shreveport.
Regulators have signed off on the mega-merger between Canadian Pacific Railway and Kansas City Southern. The $27 billion acquisition of KCS will create a rail network stretching from the Canadian oil sands into Mexico, with the deal to close as early as April 14. You'll never guess who said the deal may actually enhance the safety of crude by rail.
A solar company buying the century-old Minerva-Rockdale oil field? That's what all-of-the-above energy company Principal Solar is after, announcing its intent to buy up the historic field in Milam County, Texas, and acquire nearly 11,000 gross acres and 936 total production and disposal wells.
New Fortress Energy divested its interest in a floating liquefaction facility in a deal with Golar LNG to sell its minority stake in the floating LNG facility for a hundred million in cash and the return of 4.1 million NFE shares, allowing New Fortress to focus solely on its own floating LNG portfolio.
That’s your Hart Energy LIVE A&D Minute powered by the SUPERDUG conference and exhibition May 22nd through the 24th in Fort Worth. Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/deals.
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