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Canadian Gov’t to Acquire Kinder’s Trans Mountain Pipeline Project for $3.5 Billion
June 1, 2018
The Canadian Government has agreed to acquire Kinder Morgan Canada’s (KML) Trans Mountain Pipeline system and the expansion project for C$4.5bn ($3.5bn). Under the terms of the agreement, the government will fund the resumption of TMEP planning and construction work.
Brazos Completes $1.75 Billion Sale of Delaware Basin Subsidiaries to Morgan Stanley
June 1, 2018
Brazos Midstream and Old Ironsides Energy have completed their previously announced sale of the former’s Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners II (NHIP II) for $1.75bn. NHIP II is an investment fund managed by Morgan
Warburg Pincus Invests $138 Million in Canada-based Artis Exploration
June 1, 2018
Artis Exploration, a Canada-based exploration and production company has closed a C$180m ($138.76m) equity investment from Warburg Pincus. The common share private placement will be used to fund the Company’s accelerated development program. Founded in 2015 and headquartered in Calgary,
Hillcrest Petroleum Signs Deal to Pursue Oil and Gas Acquisitions in Western Canada
June 1, 2018
Hillcrest Petroleum has signed binding agreements with a private company to form a strategic alliance to pursue oil and gas acquisitions in Western Canada. Under the Strategic Alliance, Hillcrest will grant the Partner an exclusive right of first refusal on
Keyera to Proceed with Second Phase of Wapiti Gas Plant, Canada
June 1, 2018
Canada-based midstream company Keyera has announced its plan to proceed with the second phase of its Wapiti Gas Plant, which is currently under construction south of Grande Prairie, Alberta, Canada. Construction of the second phase, which is expected to add
San Mateo Black River Oil Pipeline Launches Binding Open Season, New Mexico
May 30, 2018
San Mateo Black River Oil Pipeline, a wholly-owned subsidiary of San Mateo Midstream has launched its binding open season to gauge shipper interest in committed crude oil interstate transportation service on the Rustler Breaks Pipeline Project, a proposed approximately 17-mile,
Callon to Acquire $570 Million Worth of Cimarex’s Delaware Basin Assets
May 29, 2018
Mississippi-based Callon Petroleum has agreed to acquire certain producing oil and gas assets, and undeveloped acreage in the Delaware Basin in the US for $570m from Cimarex Energy in an all-cash deal. The assets to be acquired through its subsidiary
Brazos Midstream Partners with PLG on Comanche Plant II Expansion, Texas
May 29, 2018
Principle Logistics Group (PLG) has completed a second round of transportation planning and execution for Brazos Midstream’s Comanche Plant II Expansion project in the southern Delaware Basin. The fully-operational Comanche project involves pipeline development and natural gas gathering and processing
Canada’s NEB Approves $1 Billion for North Montney Mainline Project
May 29, 2018
The Canada’s National Energy Board (NEB) has recommended the federal government to approve the TransCanada’s C$1.4bn ($1bn) North Montney Mainline (NMML) Project variance. Earlier, TransCanada subsidiary Nova Gas Transmission (NGTL) has requested a variance to allow the firm to begin
Tailwater Doubles Its Stake in Silver Creek with New $150 Million Investment, Wyoming
May 24, 2018
Tailwater Capital has doubled its equity commitment in Silver Creek Midstream, its Texas-based portfolio company from $150m to $300m to help the latter continue with the construction of a 402km long crude gathering system in the Powder River Basin in
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