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Energy Transfer Partners to Acquire Certain Interests in PennTex Midstream for $640 Million
October 26, 2016
Energy Transfer Partners, L.P. has entered into a definitive agreement to acquire certain interests in PennTex Midstream Partners, LP from various parties for total consideration of approximately $640 million. Upon closing the transaction, Energy Transfer Partners will own 100 percent
Clayton Williams Energy to Sell Giddings Area Assets for $400 Million, Appoints Patrick Cooke as COO
October 26, 2016
Clayton Williams Energy, Inc. has entered into a definitive purchase and sale agreement with a third party to sell substantially all of the company’s assets in the Giddings Area in East Central Texas for a sale price of $400 million.
Clean Energy Opens LNG Station in Washington State Expanding West Coast Natural Gas Infrastructure
October 26, 2016
Clean Energy Fuels Corp. has opened a new state of the art, public natural gas station along Interstate 5 in Fife, a suburb of Tacoma. The station adds to Clean Energy’s “America’s Natural Gas Highway™”, allowing fleets to operate from
Emerson Launches Operational Certainty™ Program to Help Companies Achieve Top Performance
October 26, 2016
Emerson has launched Operational Certainty™, a technology and engineering-based program designed to help industrial companies achieve top performance and recover more than $1 trillion in operational losses globally. Emerson is introducing new peer benchmarking insights to bring better perspective on
Badlands NGLs Advances Development of Gulf Coast Merchant Alpha Olefins Facility
October 25, 2016
Denver, Colorado-based Badlands NGLs, LLC has completed several important milestones in its development of a Gulf Coast merchant alpha olefins (AO) manufacturing facility. The facility will manufacture the polyethylene co-monomers 1-butene and 1-hexene using a proprietary ethylene metathesis technology. The
Phillips 66 to Divest $1.3 Billion Worth of U.S. Midstream Assets
October 25, 2016
Phillips 66 has signed an agreement to divest 30 crude, refined products and natural gas liquids (NGL) logistics assets to its master-limited partnership, Phillips 66 Partners, for $1.3bn. The Phillips 66’s assets considered for sale supports its Bayway, Billings, Borger
SemCAMS to Build Sour Gas Processing Plant in Alberta, Canada
October 25, 2016
SemCAMS, a subsidiary of SemGroup, has entered into an agreement with NuVista Energy to proceed with a project that will include the processing of up to 120 MMcf/d of sour gas at a new gas plant SemCAMS will build in
Halliburton and U.S. Silica Break Record for Moving Largest Frac Sand Train Unit in North America
October 24, 2016
Halliburton Company and U.S. Silica Holdings, Inc. have moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White® frac sand from Ottawa, Ill., to Elmendorf, Texas. The train, the largest frac sand unit of its kind
Freeport-McMoRan to Sell Onshore California Oil & Gas Properties for $742 Million
October 24, 2016
Freeport-McMoRan Inc. has agreed to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of $742 million, including contingent consideration. Under the terms of the agreement, Freeport-McMoRan will receive cash consideration of
RSP Permian to Acquire Silver Hill Energy Partners for $2.4 Billion
October 24, 2016
RSP Permian has signed agreements to acquire oil and gas company Silver Hill Energy Partners for about $2.4bn in a bid to strengthen its operations in the US. Silver Hill, which is owned by affiliates of Kayne Anderson Capital Advisors
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