The new group will be called Clough Enercore. The acquisition builds on Clough's North American presence, which began when an engineering team was established in Houston in 2014.
In April Vanguard and LRR Energy LP announced a similar deal worth $539 million, which was announced closed on Oct. 5.
Investors have more time to weigh Suncor’s unsolicited all-stock offer for Canadian Oil after its board approved poison pill shareholder rights plan, Reuters said. Company is worth about CA$4.3 billion.
Oil Search rejected proposed all-share offer from Australia's biggest oil and gas producer in September, saying offer undervalued LNG stake and gas exploration assets in Papua New Guinea, Reuters said.
The total transaction value was about $2.1 billion. The NET Mexico Pipeline, the largest pipeline in the portfolio, transports low-cost domestic shale gas to Mexico.
The deal is valued at about C$6.6 billion including Canadian Oil Sands' debt of C$2.3 billion as of June 30.
Crestwood owns and operates midstream assets serving producers across the Marcellus, Bakken, Eagle Ford, Permian Basin, Powder River Basin Niobrara, Utica, Barnett, Fayetteville and Haynesville shale plays.
Halliburton's proposed acquisition of Baker Hughes ran into regulatory hurdles with the U.S. antitrust enforcers who believe the $35 billion merger will lead to higher prices and less innovation.
Williams, which had rejected the earlier offer in June saying that it significantly undervalued the company, has lost nearly a third of its market value since then.
Australian Competition and Consumer Commission said many market participants are concerned takeover might lead Shell's Arrow Energy to sell gas into BG's Queensland Curtis LNG plant for export, Reuters reported.
Last weekend, Williams' board met to weigh options, including buyout offers collected in August.
Woodside last week sought exclusive talks with the Papua New Guinea-focused oil and gas producer on a one-for-four share offer.
|Mid||USD 345||Members only||Sanchez Energy Corp.|
|E&P||USD 27||Members only||Bill Barrett Corp.|
|E&P||USD 50||Members only||Torchlight Energy Resources Inc.|
|E&P||USD 259.4||Members only||EnerVest Ltd.|