Natural gas/midstream M&A
Marathon closes $8.1B drop-down, general partner interest buyout deals with MPLX
Marathon Petroleum Corp. closed its $8.1 billion drop-down of refining logistics assets and fuels distribution services to its master limited partnership MPLX LP, as well as a buyout of its general partner economic interests and incentive distribution rights in MPLX.
Shell to sell stake in Thai gas field as part of noncore divestiture strategy
Royal Dutch Shell agreed to sell its interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production PCL for $750 million as part of its planned $30 billion noncore divestment program to streamline the company.
Noble Midstream JV closes DJ Basin gathering system buy
Black Diamond Gathering LLC, a joint venture between Noble Midstream Partners LP and Greenfield Midstream LLC, completed its $638.5 million acquisition of Saddle Butte Rockies Midstream LLC.
ConocoPhillips to acquire assets in Alaska from Anadarko Petroleum for $400M
ConocoPhillips agreed to acquire Anadarko Petroleum Corp.'s 22% non-operated interest in the Western North Slope of Alaska and its interest in the Alpine pipeline for $400 million.
Carrizo closes $246M sale of assets in Eagle Ford Shale
Carrizo Oil & Gas Inc. completed its sale of certain oil and gas assets in the Eagle Ford Shale, receiving about $212 million in proceeds.
Permian producer to boost Delaware Basin position with $70M purchase agreement
The Permian Basin-focused oil and gas producer Lilis Energy Inc. is expanding its Delaware Basin position with an agreement to purchase additional acreage from fellow upstream company OneEnergy Partners Operating LLC for $70 million.
Avangrid strikes deal to sell gas trading business
Avangrid Renewables Holdings Inc. struck a deal to sell its natural gas trading business, ENSTOR Energy Services LLC, to CCI U.S. Asset Holdings LLC for an undisclosed sum.
