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.

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