DT Midstream Boosts Ownership of Appalachia Gas Pipeline in $552 Million Cash Deal
DT Midstream will pay National Grid about $552 million in cash to acquire its 26.25% ownership interest in the Millennium Pipeline, which transports Marcellus and Utica gas to markets across New York State and New England.
Energy A&D Transactions from the Week of Sept. 28, 2022
Here’s a snapshot of recent energy deals including Talos Energy’s $1.1 billion acquisition of private Gulf of Mexico operator, EnVen Energy, plus the $565 million sale of half of Kinder Morgan’s stake in a Georgia LNG facility.
On the Market Oil and Gas Quicklist (Week of Sept. 28, 2022)
Here’s a quicklist of oil and gas assets on the market including a Continental Resources North STACK 200-well package in Oklahoma plus Texegy Royalty Austin Chalk minerals for lease in Louisiana.
Outfitter Energy Capital Closes New Fund Focused on US Shale
Proceeds from the new fund were used to purchase an existing portfolio of assets in the Marcellus, Woodford and Cotton Valley gas plays from affiliated Outfitter managed funds.
Energy A&D Transactions from the Week of Sept. 21, 2022
Here’s a snapshot of recent energy deals including SilverBow Resources adding a new Webb County position in South Texas plus the acquisition of core Permian Basin acreage by U.S. Energy Development Corp. for more than $60 million.
On the Market Oil and Gas Quicklist (Week of Sept. 21, 2022)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Texas Panhandle properties plus an Apache Corp. Gulf of Mexico Shelf nonop opportunity.
Energy A&D Transactions from the Week of Sept. 14, 2022
Here’s a snapshot of recent energy deals including EQT’s monster $5.2 billion acquisition plus the acquisition of NorTex Midstream by Williams in a $423 million transaction.
On the Market Oil and Gas Quicklist (Week of Sept. 14, 2022)
Here’s a quicklist of oil and gas assets on the market including a Millennial Energy Partners Webb County, Texas package that includes nonoperated working interest in six SM Energy wells located in the condensate window of the Eagle Ford Shale.
Marketed: Stone Hill Minerals Southwest Appalachia Marcellus, Utica Package
Stone Hill Minerals Holdings LLC retained EnergyNet for the sale of a southwest Appalachia package in the Marcellus and Utica shale plays with assets located in West Virginia and Pennsylvania.
Analysts: EQT’s Monster $5.2 Billion Deal a Cash Cow
EQT’s purchase of Tug Hill and XcL Midstream’s assets in the Appalachian Basin will contribute to $150 million in long-term cash flow, Goldman Sachs said.