Kinder Morgan fielding 'strong interest' from potential Trans Mountain partners
Kinder Morgan Inc. has seen "strong interest" from potential joint venture partners for its C$6.8 billion Trans Mountain expansion project, which recently cleared a regulatory milestone, executives said on an earnings call.
Exxon Mobil bets big on Permian with up to $6.6B acreage buy
Exxon Mobil Corp. is joining its peers in the North American oil and gas business who are placing huge bets on the Permian Basin. The assets under the companies owned by the Bass family of Fort Worth, Texas, include about 275,000 acres of leasehold, 250,000 acres of which is in the Permian Basin.
Noble Energy expands Permian Basin presence with Clayton Williams acquisition
Noble Energy Inc. agreed to acquire Clayton Williams Energy Inc. in a $2.7 billion stock-and-cash deal that will bolster its core Delaware Basin position to approximately 120,000 net acres. The transaction is expected to close in the second quarter, subject to customary certain approvals and conditions.
Valero Energy Partners unit buys 40% stake in Okla. oil pipe segment from Plains
A Valero Energy Partners LP subsidiary acquired a 40% stake in a segment of the Red River crude oil pipeline from Plains All American Pipeline LP for about $70 million. The segment originates at a Plains Marketing LP terminal in Cushing, Okla.