The Oil & Gas Asset Clearinghouse has been selected to exclusively market the assets.
Watco also named Will Patterson and Derek Penner as Terminal and Port Services senior vice presidents of marketing and sales.
The properties represent approximately 120 net barrels of oil equivalent per day produced from approximately 25 gross (1.45 net) wells that consist of non-operated working interests in approximately 1,185 net leasehold acres.
Energy Transfer Partners LP (ETP) and Regency Energy Partners LP entered into a definitive merger agreement.
The sale closed in early December.
'The market's recent turbulence has provided us an opportunity to focus our efforts on acquiring assets with good, long-term development potential at favorable pricing," said CEO Allen Wilson.
Spectra Energy Corp. and Spectra Energy Partners will acquire, through their affiliate Spectra Energy Transmission II LLC, 100% of the equity interests in Brazoria Interconnector Gas Pipeline LLC (BIG).
EnergyNet has been retained by Chevron and its subsidiaries to handle the transactions.
Freeport's shares fell 38% since the December 2012 announcements of the Plains Exploration & Production Co. and McMoRan Exploration Co. acquisitions, Bloomberg said.
The transaction will be funded through revolving credit facility capacity.
Sayer Energy Advisors has been engaged to assist the board of directors with the process.
The purchase price includes assumption of debt, Bloomberg said.
|Mid||USD 18000||Members only||Regency Energy Partners LP|
|Mid||USD 3000||Members only||Hiland Partners LP|
|E&P||USD 37.4||Members only||Harvey E. Yates Co.|
|S&S||USD 1700||Members only||Eurasia Drilling Co. Ltd.|