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TPG Pace Energy to Acquire EnerVest’s Shale Assets for $2.6 Billion
March 22, 2018
TPG Pace Energy (TPGE), an energy-focused special purpose acquisition entity, has signed an agreement to acquire oil and gas assets from certain funds managed by EnerVest for approximately $2.66bn. Under the terms of the deal, TPGE will merge with EnerVest’s
South Korean Firm SK Innovation to Acquire U.S. Shale Producer Longfellow
March 22, 2018
South Korean firm SK Innovation through its subsidiary SK E&P America has agreed to acquire US shale oil and gas company Longfellow Nemaha. The US company has assets in the prolific STACK play in Kingfisher and Garfield Counties in Oklahoma.
Tellurian Secures $50 Million Investment from Bechtel
March 22, 2018
Tellurian has secured a $50m zero coupon preferred equity investment from an affiliate of Bechtel Oil, Gas and Chemicals (Bechtel). “Tellurian management and Bechtel have worked together for many years and we look forward to continuing our success as equity
Burns & McDonnell to Build Entergy’s $210 Million Gas-fired Plant, Louisiana
March 22, 2018
Entergy New Orleans has selected Burns & McDonnell as engineer-procure-construct (EPC) project manager for its 128MW New Orleans Power Station to be built in Louisiana. As per a notice given by Entergy, Burns & McDonnell will now proceed with its
Gibson Energy Sells Its U.S. Energy Services Businesses for $125 Million
March 22, 2018
Gibson Energy has signed two definitive agreements for the sale of its US energy services businesses, including US Environmental Services and US seismic assets. The sale of the assets is valued approximately $96m prior to closing adjustments or approximately $125m
Diversified Gas & Oil Secures $500 Million to Acquire Certain Assets of CNX Gas
March 21, 2018
Diversified Gas & Oil, a U.S.-based acquirer and operator of oil and gas producing assets, has entered into a $500 million, five-year, senior secured revolving credit facility with a syndicate of seven U.S. banks, led by KeyBank. KeyBanc Capital Markets
CNX Resources Acquires Shirley-Pennsboro System from CNX Midstream Partners, W. Va.
March 20, 2018
CNX Resources (CNX) has completed its acquisition of a 95 percent stake in the Shirley-Pennsboro gathering system in the US from CNX Midstream Partners (CNXM). The Shirley-Pennsboro System gathers and transports gas in the core wet gas region of the
Energy Transfer Partners and Satellite Petrochemical to Build Export Terminal, U.S. Gulf Coast
March 20, 2018
Energy Transfer Partners and Satellite Petrochemical have entered into definitive agreements to form a joint venture, Orbit Gulf Coast NGL Exports, to construct a new export terminal on the US Gulf Coast. Orbit will also construct a 20-inch ethane pipeline
Phillips 66 Proposes Pipeline from St. James to Its Plaquemines Refinery, Louisiana
March 20, 2018
Phillips 66, the 40-percent owner of the proposed Bayou Bridge Pipeline, wants to build another 94-mile crude oil pipeline from what it calls the St. James oil market hub to its Alliance Refinery in Plaquemines Parish, with the pipeline crossing
Pennsylvania DEP Approves Construction of Birdsboro Gas Power Plant
March 19, 2018
Ares Management has secured an approval from the Pennsylvania Department of Environmental Protection (DEP) to move ahead with the construction of the $600m Birdsboro natural gas-fired plant in Berks County, Pennsylvania. The department has issued the necessary permits for the
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