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Navajo plant attracts investors; Pembina, Veresen complete C$9.4B deal

Coal M&A

Peabody confirms investor interest in Navajo coal plant ownership

"A number of highly qualified potential investors" have expressed interest in pursuing ownership of the Navajo Generating Station for operation beyond 2019, Peabody Energy Corp. said.

Coal of Africa to sell Mooiplaats thermal coal colliery for 179.9 million rand

Coal of Africa Ltd., along with its black economic empowerment, is selling its holdings in the Mooiplaats thermal coal colliery in South Africa. From the initial proceeds of 67 million South African rand, Coal of Africa will receive 52 million rand.

Natural gas/midstream M&A

Pembina, Veresen complete C$9.4B merger

Pembina Pipeline Corp. and Veresen Inc. completed a merger valued at about C$9.4 billion, expanding their geographic reach and creating one of Canada's largest energy infrastructure companies.

EQT/Rice merger opponent maps flaws in $6.7B deal

Activist hedge fund JANA Partners LLC skipped wordy explanations in its latest Oct. 2 letter to Appalachian shale driller EQT Corp.'s board objecting to a planned merger with neighbor Rice Energy Inc. Instead, it sent the board maps.

Selling US oil and gas assets may be tough task for BHP

When BHP Billiton Group announced in August that it would look to sell off its U.S. oil and gas unconventional acreage, it said it would be patient. Now the Australian giant might not have a choice in the matter.

Pipelines still focused on Permian assets as M&A resurfaces

With the sale of Laredo Petroleum Inc.'s 500-mile Midland Basin gathering and processing pipeline system and reports that Oryx Midstream Services LLC is considering either a sale or an IPO, monetizing Permian assets continues to be a theme in the midstream sector for 2017.

LINN Energy to divest Wyo. acreage for $200M, increases share buyback plan

LINN Energy Inc. agreed to sell certain properties in the Washakie Field in Wyoming to an undisclosed buyer for $200 million as part of its strategy to divest noncore assets in order to lower costs and streamline the business.

American Midstream boosts stake in Gulf of Mexico processing system

American Midstream Partners LP acquired an additional 15.5% equity interest in a floating production and processing system in the Gulf of Mexico from ArcLight Capital Partners LLC for about $125.4 million.

Carrizo Oil & Gas to exit Marcellus Shale with $84M gas asset sale

Carrizo Oil & Gas Inc. agreed to sell its Marcellus Shale assets to a subsidiary of Kalnin Ventures LLC for $84 million. Under the deal, Carrizo could also earn up to $7.5 million in contingent payments depending on natural gas prices.

Continental Resources sells E&P assets to Okla. producer for $68M

Continental Resources Inc. closed a sale of 26,000 net acres and interest in more than 400 producing wells in the Arkoma Basin to the White Deer Energy-backed producer Corterra Energy LLC for $68 million.

Permian producer to buy over 4,000 acres in Delaware Basin for $45.6M

Lilis Energy Inc. agreed to buy more than 4,000 net acres in the core of the Delaware Basin from an undisclosed private seller for about $45.6 million, boosting its position in the basin to over 15,000 net acres.

Carbon Natural Gas acquires assets located mainly in West Virginia for $41.3M

Carbon Natural Gas Co. completed the acquisition of natural gas producing properties, gathering pipelines and related facilities located mostly in West Virginia for about $41.3 million through affiliate Carbon Appalachian Co. LLC.

FirstEnergy seeks FERC approval to sell stake in Va. gas plant to LS Power

A subsidiary of FirstEnergy Corp. has filed with the Federal Energy Regulatory Commission for approval to sell its 50% interest in a Virginia gas-fired plant to LS Power Development LLC unit Aspen Energy.

Sprague Resources completes acquisition of Pa. energy retailer

Sprague Resources LP subsidiary Sprague Operating Resources LLC completed its acquisition of Coen Oil Co. LLC's Coen Energy LLC and Coen Transport LLC. The acquisition expanded Sprague's footprint in Pennsylvania, Ohio and West Virginia.

Enable Midstream completes Align Midstream Ark-La-Tex acquisition

Enable Midstream Partners LP closed its acquisition of Align Midstream LLC, the owner of natural gas gathering and processing assets in the Cotton Valley and Haynesville plays of the Ark-La-Tex Basin.

Atwood Oceanics shareholders approve merger with Ensco

Atwood Oceanics Inc.'s shareholders voted to approve the company's planned merger with its fellow offshore driller Ensco plc. Over 98% of votes and 70% of shares outstanding were cast in favor of the merger.