Ngl Pipeline

Home>Topics>Ngl Pipeline
Refine Results
  1. All
  2. Articles
  3. Online Articles
  1. 1Derrick US M&A weekly update

    US M&A Weekly Update (January 2nd to January 6th) Deal stats   US announced deals YTD US deals in play* Region Value ($MM) Count Value ($B) Count Permian $2.5 2 ~$3 16 Mid-Continent - - $1-2 6 Gulf Coast $800 1 ~$8 9 Rockies $31 2 $5 6 Ark-La-Tex - - <$1 2 Eastern $30 1 $2 7 Gulf of Mexico - - ~$10 12 Alaska - - - - West Coast - - - - Multi Region   1 <$1 1 Total $863 7 ~$30 59 Source : Ajit Thomas , 1Derrick’s Global M&A Database ( www.1Derrick.com ) *Only includes packages valued >$100 million Deal flow Upstream Venado Oil and Gas LLC, an affiliate of KKR, has agreed to acquire non-operated Eagle Ford assets, including interest in related midstream assets, from SM Energy for $800 million. The transaction includes ~37,500 net acres primarily in Dimmit Co., TX, with production of ~27.26 MBOE/d in Q3-2016, and 12.5% interest in Springfield gathering system. PDC Energy disclosed it acquired additional bolt-on Delaware basin acreage from Fortuna Resources Holdings LLC, backed by Och-Ziff Capital, for ~$118 million. The transaction closed on 30-Dec-2016 and included ~4,500 net acres in  Culberson Co., and Reeves Co., TX. The bolt-on acreage is contiguous with the Central acreage block acreage acquired from Kimmeridge for $1.51 billion in Aug-2016. Rex Energy Corp. has entered into an agreement to divest Utica assets in the Warrior South area in Ohio to Antero Resources Corp for ~$30 million. The assets sold include ~4,100 net acres in Guernsey Co., Noble Co., and Belmont Co., OH, with current production of 9 MMcfe/d. On 6-Jan-2017, Kimbell Royalty Partners LP filed a registration statement for its proposed Initial Public Offering. Kimbell owns mineral and royalty interests in ~4.5 million gross acres in 20 states, including ownership in more than 48,000 gross producing wells (~29,000 wells in the Permian basin). On 3-Jan-2017, Enerplus completed the previously announced sale of non-operated Fort Berthold assets in North Dakota for $292 million. Oilfield services On 6-Jan-2017, C&J Energy Services successfully completed its financial restructuring and emerged from Chapter 11 , by eliminating ~$1.4 billion of debt from its balance sheet.   Midstream DCP Midstream Partners LP (DPM) has acquired all of the assets and debt of DCP Midstream LLC , a 50-50 JV between Phillips 66 and Spectra Energy. DPM issued ~31.1 million shares valued at $1.125 billion. The net deal value including shares, debt of $3.15 billion and cash of $424 million contributed by DCP Midstream is $3.851 billion. DCP Midstream owns 40 gas processing plants with net processing capacity of 4.2 Bcf/d, 3 fractionators, 50,000 miles of gas pipelines and 200 miles of NGL pipelines across the DJ basin, Permian basin and Midcontinent region.   Tallgrass Energy Partners LP has acquired Tallgrass Terminals LLC and Tallgrass NatGas Operator LLC from Tallgrass Development LP for $140 million. Tallgrass Terminals owns Buckingham terminal in Northeast Colorado, Sterling terminal in Colorado and 20% interest in Deeprock Development terminal with combined operational storage capacity of 3.6 MMbbl. Tallgrass NatGas operates Rockies Express pipeline (REX) and receives an annual fee equivalent to 1% of REX's EBITDA. On 1-Jan-2017, Tesoro Logistics completed the previously announced acquisition of Robinson Lake and Belfield processing plants and related gathering systems from Whiting Petroleum, MDU Resources and GBK Investments LLC for $700 million. Downstream On 3-Jan-2017, Delek increased its offer to Alon USA shareholders from 0.44 to 0.504 Delek shares per Alon USA share. In total, Delek will now issue 19.27 million shares valued at $464 million to acquire the remaining 52.8% stake in Alon USA. The aggregate deal value including shares, debt of $282.93 million and working capital surplus of $20.59 million for 52.8% stake, is ~$726 million.    

    Online Articles

    Online Articles

    Mon, 9 Jan 2017

  2. DCP Midstream, DCP Midstream Partners announce merger

    DCP Midstream LLC, the Denver-based 50-50 joint venture of Phillips 66 and Spectra Energy Corp., and DCP Midstream Partners LP (DMP) have signed a definitive merger agreement under which the companies will combine their businesses to form a new entity that, by late January, will be the largest NGL ...

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  3. Oneok completes NGL pipeline , gas processing, E-P splitter

    Oneok Partners LP has completed three natural gas gathering and processing and NGL projects, including the 540-mile, 16-in. OD Sterling III NGL pipeline . Oneok also finished its 200-MMcfd Canadian Valley natural gas processing plant and related infrastructure in the Cana-Woodford shale and an ...

    Online Articles

    Online Articles

    Wed, 23 Apr 2014

  4. ONEOK to build new NGL pipeline and fractionator to serve Gulf Coast market

    Tulsa-based ONEOK Partners LP said May 2 that it will invest between $910 million and $1.2 billion between now and late 2013 in order to construct a new 570-mile, 16-inch diameter NGL pipeline from the Mid-Continent region to the Texas Gulf Coast and build a new 75,000-bpd NGL fractionator at Mont ...

    Online Articles

    Online Articles

    Mon, 2 May 2011

  1. Spectra Energy updates on agreements involving Sand Hills and Southern Hills NGL pipelines

    Online Articles

    Online Articles

    Tue, 20 Oct 2015

  2. DCP Midstream to dropdown all remaining assets to DPM for $3.85B

    DCP Midstream LLC signed and closed a transaction combining all of its assets and debt with DPM, creating the largest natural gas liquids producer and gas processor in the US with a pro-forma enterprise value of approximately $11 billion.

    Online Articles

    Online Articles

    Wed, 4 Jan 2017

  3. Lone Star JV to construct NGL pipeline from Permian Basin to Mont Belvieu

    Energy Transfer Partners LP and Regency Energy Partners LP report that their joint venture, Lone Star NGL LLC, will construct a 533-mile, 24-inch and 30-inch natural gas liquids ( NGL ) pipeline from the Permian Basin to Mont Belvieu, Texas, and convert Lone Star’s existing West Texas 12-inch NGL ...

    Online Articles

    Online Articles

    Tue, 18 Nov 2014

  4. EPP to add 50,000 b/d of capacity to Panola NGL pipeline

    Enterprise Products Partners LP (EPP) will expand its Panola Pipeline Co. LLC NGL pipeline system, having received sufficient shipper interest to do so. The 181-mile system extends from Carthage, Tex., to Mont Belvieu, Tex., where it delivers to multiple destinations, including EPP’s Mt. Belvieu ...

    Article

    Article

    Thu, 22 Jan 2015

  5. Meritage Midstream to start up NGL pipeline in Powder River Basin

    Meritage Midstream Services II LLC reports that operations on the first 108-mile leg of the Thunder Creek NGL pipeline will begin in January 2015. The pipeline will be owned and operated by Thunder Creek NGL Pipeline LLC, a wholly owned subsidiary of Meritage.

    Online Articles

    Online Articles

    Fri, 19 Dec 2014

  6. Williams, Boardwalk announce Marcellus-US Gulf NGL pipeline

    Williams Cos., Tulsa, and Boardwalk Pipeline Partners LP have proposed a joint-venture NGL pipeline system to transport Marcellus and Utica shale mixed NGLs to US Gulf Coast petrochemical and export markets.

    Online Articles

    Online Articles

    Thu, 7 Mar 2013

  7. Crosstex Energy plans NGL pipeline , fractionation expansion in Louisiana

    Crosstex Energy is completing engineering studies, pipeline routing work and environmental permitting for an NGL project that will expand Crosstex’s Louisiana fractionation facilities and add a new NGL pipeline .

    Online Articles

    Online Articles

    Tue, 26 Jul 2011

  8. Crosstex opens NGL pipeline open season

    Crosstex Energy started a binding open season for volume commitments for interstate common carrier transportation service on its new 130-mile, 12-in. OD Crosstex NGL Pipeline system, transporting unfractionated natural gas liquids from the Mont Belvieu, Tex., area to NGL fractionation facilities in ...

    Online Articles

    Online Articles

    Thu, 15 Sep 2011

Get More Results