The midstream M&A market is heating up, and E&P’s are looking to buy inventory. This is your A&D Minute with Hart Energy LIVE powered by BOK Financial Securities
TC Energy inked a deal with Global Infrastructure Partners to sell a 40% stake in two gas pipelines in a joint venture worth $3.9 billion. The Columbia Gas and Columbia Gulf pipeline systems span over 15,000 miles and supply 20% of U.S. LNG export capacity.
As E&Ps look to buy up replacement inventory, Endeavor Energy Resources stands out as “the clear belle of the M&A ball” in the Midland Basin, according to a J.P Morgan Securities analyst. With Endeavor being one of the nation’s largest private E&Ps with a 14-year inventory life at the current drilling pace, could a public player like Pioneer Natural Resources scoop up Endeavor?
LNG developer Tellurian inked a deal to divest 800 acres of land owned by Driftwood LNG for $1 billion and extend the leaseback of the acres to Driftwood. The deal is seen as part of Tellurian’s wrangling to get the project over the starting line after Driftwood's struggles to find the money needed to move forward with Phase 1 of the LNG export terminal.
That’s your A&D Minute with Hart Energy LIVE powered by BOK Financial Securities. Be the first to watch new A&D episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
Recommended Reading
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Silver Linings in Biden’s LNG Policy
2024-03-12 - In the near term, the pause on new non-FTA approvals could lift some pressure of an already strained supply chain, lower both equipment and labor expenses and ease some cost inflation.
White House Open to Ending LNG Export Pause in Push for Ukraine Aid, Sources Say
2024-04-02 - Reversing the pause could be tolerable to the White House in order to advance Ukraine aid, in part because the pause has no bearing on near-term LNG exports, the White House sources said.
Tinker Associates CEO on Why US Won’t Lead on Oil, Gas
2024-02-13 - The U.S. will not lead crude oil and natural gas production as the shale curve flattens, Tinker Energy Associates CEO Scott Tinker told Hart Energy on the sidelines of NAPE in Houston.
Commentary: Fact-checking an LNG Denier
2024-03-10 - Tampa, Florida, U.S. Rep. Kathy Castor blamed domestic natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy's Nissa Darbonne.