HOUSTON—A Texas appellate court on March 19 issued a temporary injunction preventing officials in Corpus Christi from approving a contract with a Carlyle Group-backed company planning to build a crude export facility on the city’s waterfront.
Kenneth Berry, a former port commissioner, argued that the public agenda for the meeting was improper and violated the state’s open meeting law. Officials had been scheduled on March 19 to vote on a plan to lease 200 acres on a harbor island to Lone Star Ports LLC, the Carlyle company.
Port officials have filed to a motion to dismiss the stay, said Sean Strawbridge, CEO of the Port of Corpus Christi. “These are pugnacious litigation tactics,” Strawbridge said. “Hopefully, the courts will clear the way for us to move forward soon.”
Attorneys for Berry did not respond to requests for comment.
Chevron Corp.announced today that it has entered into a definitive agreement with Anadarko Petroleum Corp. to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.
Foothills Resources retained EnergyNet for the sale of an operated package of Texas Gulf Coast assets through a sealed-bid offering closing Sept. 5.
Here’s a snapshot of energy deals from the past week including Williams’ $3.8 billion JV in the Marcellus/Utica and a Delaware Basin bolt-on by Contango Oil & Gas.