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Energy Transfer Closes $3B WTG Midstream Acquisition
Energy Transfer's deal adds approximately 6,000 miles of complementary gas gathering pipelines from WTG Midstream Holdings, extending Energy Transfer’s reach into the Midland Basin.
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
Permian Gets Gas Relief as ADCC Pipeline Begins Commercial Service
The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility.
Martin Resource Sidesteps Firms’ Criticism, Offer for Midstream MLP
Martin Resource Management, which in May proposed buying spinoff Martin Midstream Partners, responded to two capital firms’ counteroffer made public July 11 by saying it’s not interested.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
Here is a selection of upstream and midstream dividends declared in the week of July 8.
Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer
Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.
Blackstone Buys Enagás’ Tallgrass Stake for $1.1 Billion
Spain’s Enagás is selling its Tallgrass Energy interests to Blackstone Infrastructure Partners in exchange for some needed capital.
Supreme Court’s Uinta Basin Rail Case Raises Stakes for LNG, Pipelines
The lawsuit, involving crude transport via railway in the Uinta Basin, is part of a larger intragovernmental fight that could have implications for how FERC decides pipeline and LNG plant permitting.
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
Post Oak, Genesis Park Sell Permian’s Layne Water Midstream
PE firms Post Oak Energy Capital and Genesis Park sold the Delaware Basin’s Layne Water Midstream to an undisclosed buyer.