Rio Vista Energy Partners LP, Houston, (Nasdaq: RVEP) plans to acquire substantially all of the assets of privately held, Oklahoma City-based Northport Production Co. for $18 million and will assumed $2 million in debt for a total deal valued at $20 million. Northport has assets in the Midcontinent where is drills, operates and manages wells in Oklahoma, Texas, Kansas New Mexico, Alabama and West Virginia. The company owns and operates more 100 wells and has non-operating joint venture interests in an additional 150 producing properties. The company had unaudited revenue for the year ended Dec. 31 of approximately $4.6 million.
Recommended Reading
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
2025-01-22 - Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
2024-12-19 - Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
East Daley: New Pipelines Could Open Permian Floodgates
2024-12-18 - Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
Glenfarne Signs on to Develop Alaska LNG Project
2025-01-09 - Glenfarne has signed a deal with a state-owned Alaskan corporation to develop a natural gas pipeline and facilities for export and utility purposes.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.