This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Influential Women in Energy Luncheon and Networking Event.
Midstream companies tallied up more than $3.6 billion in last minute deals in the fourth and first quarter. December’s monster midstream deal was Williams' purchase of the MountainWest system for $1.5 billion from Southwest Gas – which is just one year after the company bought the pipeline. Southwest paid about $500 million more, including debt. Read the full story here.
December’s flurry of smaller midstream deals included Tallgrass’ acquisition of bankrupt Ruby Pipeline, Summit Midstream’s agreement to acquire Outrigger Energy II in the DJ Basin and Pembina sold its stake in the Key Access Pipeline System.
Starting the new year with a close out, Targa Resources purchased the remaining 25% stake in the Grand Prix NGL Pipeline from Blackstone for roughly 1 billion in cash. Check it out here.
That’s your Hart Energy A&D Minute powered by the Influential Women in Energy Luncheon and Networking Event on Feb. 7 in Houston.
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