Coal
Alliance Resource Partners, general partner complete merger
Alliance Resource Partners LP and Alliance Holdings GP LP have completed their planned merger through a series of transactions.
Rio Tinto completes US$200M sale of Winchester South coal project
Rio Tinto completed the sale of its 75% interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Ltd. for US$200 million.
Adaro says Australian approval in place for US$2.25B coal mine buy
PT Adaro Energy Tbk. secured the Australian government's approval to purchase an 80% stake in the Kestrel thermal and metallurgical coal mine in Queensland from Rio Tinto, The Jakarta Post reported May 31.
BHP-Mitsubishi JV to sell Gregory Crinum coal mine to Sojitz for A$100M
BHP Billiton Group's and Mitsubishi Corp.'s joint venture in Australia, the BHP Billiton Mitsubishi Alliance, agreed to sell the Gregory Crinum hard coking coal project to Japan's Sojitz Corp. for A$100 million.
South32 to secure 50% partnership in Eagle Downs coal project from China Baowu
South32 Ltd. agreed to purchase a 50% interest in, and operate, the Eagle Downs metallurgical coal project in Queensland, Australia's Bowen Basin from a subsidiary of China Baowu Steel Group Corp. Ltd. for up to US$213 million.
EMR Capital looking to reduce exposure to UK coal asset
EMR Capital is said to be marketing its hard coking coal asset West Cumbria Mining Ltd. in the U.K. to potential investors, The Australian Financial Review's Street Talk blog wrote May 28.
Potash Ridge, Canada Coal nix planned deal on fertilizer asset
A proposed deal between Potash Ridge Corp. and Canada Coal Inc. for a potential collaboration over the former's Valleyfield Fertilizer Corp. unit has fallen through.
Natural gas/midstream M&A
Pipeline companies may compete against private funds in bids for Trans Mountain
While TransCanada Corp. may be the most plausible bidder for Kinder Morgan Inc.'s Trans Mountain oil pipeline system in western Canada, energy finance experts expect that private equity firms and pension funds will take a look at acquiring the asset.
Canadian government to buy Trans Mountain pipeline, expansion for C$4.5B
The Canadian government agreed to acquire the Trans Mountain pipeline system and expansion project from Kinder Morgan Canada Ltd. for C$4.5 billion, two days before the company's deadline for a regulatory accord on the stalled project.
Petronas' involvement with Canadian LNG export project a win for stranded shale
Petroliam Nasional Bhd's deal for 25% of a planned LNG export megaproject in British Columbia will provide an outlet for displaced western Canadian shale supplies while supporting a potential expansion of liquefaction facilities, according to experts.
EQT mulls sale of Huron shale play assets after $2.3B write-off
EQT Corp. is considering selling its noncore production and associated gathering and pipeline assets in the Huron shale play of West Virginia.
Canadian producers Spartan Energy, Vermilion close C$1.40B merger
The Canadian oil and gas producers Spartan Energy Corp. and Vermilion Energy Inc. closed their merger deal, in which Vermilion would acquire all of Spartan's outstanding common shares.
Williams registers $10.49B of shares for Williams Partners merger deal
Williams Cos. Inc. registered $10.49 billion worth of common shares in connection to its buyout of master limited partnership Williams Partners LP.
SandRidge urges shareholders to reject most of Icahn's director nominees
The fight between SandRidge Energy Inc. and activist investor Carl Icahn went another round, with the company's leadership sending a letter urging shareholders asking them to reject Icahn's slate of director nominees after Icahn said the board incumbents would make "poor decisions."
NGL Energy Partners to exit retail propane business with $900M sale
NGL Energy Partners LP agreed to sell its remaining retail propane business to a subsidiary of Superior Plus Corp. for $900 million, more than 10 times its fiscal 2018 adjusted EBITDA.
CVR Energy announces exchange offer valuing its refining MLP at $795.8M
CVR Energy Inc. announced an exchange offer to acquire common units of its refining master limited partnership that values the petroleum refiner at $795.8 million.
Kimbell to buy Permian, Mid-Continent mineral, royalty interests in $404M deal
Kimbell Royalty Partners LP agreed to acquire mineral and royalty interests held by Houston-based Haymaker Minerals & Royalties LLC and Haymaker Resources LP for about $404 million.
SM Energy exits Williston Basin with closing of $292.3M asset divestiture
SM Energy Co. closed its $292.3 million sale of assets in Divide County, N.D., marking the oil and gas producer's exit from the Williston Basin of North Dakota.
Velvet Energy reaches out to Iron Bridge shareholders, commences buyout offer
Velvet Energy Ltd. formally commenced its offer to acquire fellow Canadian oil and gas producer Iron Bridge Resources Inc. by buying all its outstanding common shares for 75 Canadian cents per share.
Texas-based Venado to acquire Eagle Ford assets from First Reserve
An affiliate of Eagle Ford-focused oil and gas producer Venado Oil & Gas LLC agreed to acquire the assets of Texas American Resources I LLC from energy-focused private equity investment firm First Reserve Corp.
