SUN paid $966.9 million in cash and issued ETP's subsidiaries about 21.98 million units valued at about $966.9 million. SHC will be owned by SUN's indirect wholly owned subsidiary.
Enbridge Inc. is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said July 31, Reuters said.
Texas Gathering gathers, markets and blends about 23,000 barrels per day of crude oil, primarily in the West Texas Permian Basin and Eagle Ford Shale.
Maverick Terminals LLC acquired majority interest in GT Omniport Terminal from GT Logistics LLC. GT Omniport currently handles crude oil, but will be expanded to handle refined products and NGL.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.
Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.
PES would receive controlling interest in crude oil rail-loading facility handling 210,000 barrels per day, nearly 1 million barrels of oil storage and 39-mile pipeline in North Dakota, Bloomberg said.
Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.
Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.
Pawnee Terminal is primary injection site for Tallgrass Energy Partners’ Northeast Colorado Lateral on the Pony Express Pipeline, which takes crude oil from Bakken and Niobrara formations to Cushing, Okla.
Texas Gathering Co. gathers about 24,000 barrels per day of crude, primarily in Texas. Owner Travis Davis and management team joined First River Energy and will continue managing the business.
The merger of QEP Midstream Partners LP and Tesoro Logistics LP was approved during a unitholder meeting in San Antonio on July 21.
|E&P||USD 217||Members only||Milagro Oil & Gas Inc.|
|E&P||USD 118||Members only||Goodrich Petroleum Corp.|
|E&P||USD 47||Members only||McCabe Petroleum Corp.|
|Mid||USD 1500||Members only||Enterprise Products Partners LP|