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HartEnergy.com
Kinder Morgan Scores Roughly $2.5 Billion Asset Sale
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
A&D Trends: Indie Oil And Gas Deal-Making
So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.
Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
Business Practices: Energy SPAC Challenges
Many private energy companies have started SPAC companies to monetize their investments. However, transacting with a SPAC has presented some unique challenges.
The Latest
Acquisitions & Divestitures
Trafigura Takes Stake In Frontline In $675 Million Tanker Deal
Trading firm will provide 10 Suezmax vessels and gain an 8.5% stake in Frontline.
August 23, 2019
Business
Detring Expands Into Midstream With Baird Partnership
Upstream A&D firm Detring and multinational investment bank Baird are teaming up to provide strategic advisory and M&A advisory services to midstream energy companies.
August 22, 2019
Private Equity
H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position
Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
August 22, 2019
Acquisitions & Divestitures
Shell Enters Australia Power Industry With $419 Million Bid For ERM Power
The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.
August 21, 2019
Exploration & Production
Offshore Operators Exercise Caution During Lease Sale 253
BHP Billiton Petroleum (Deepwater) Inc. had the highest bid of the day at $22.5 million for Green Canyon block 124.
August 21, 2019
Trends
A&D Transactions From The Week Of Aug. 21, 2019
Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.
August 21, 2019
Public Capital
Kinder Morgan Scores Roughly $2.5 Billion Asset Sale
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
August 21, 2019
Lease Sales
On The Market Quicklist (Week Of Aug. 21, 2019)
Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.
August 21, 2019
Business
A&D Trends: Indie Oil And Gas Deal-Making
So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.
August 21, 2019
Exploration & Production
Norway's Equinor Adds Acreage Offshore Argentina
Equinor has taken a 50% stake in Argentina's largest offshore block, CAN 100, as part of its collaboration with the South American country's state-controlled oil firm YPF.
August 21, 2019