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Murray Energy buys Armstrong assets; EQT separation details puzzle some analysts


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Murray Energy buys Armstrong assets; EQT separation details puzzle some analysts

Coal M&A

Murray Energy takes 100% ownership of former Armstrong Energy coal mines

Murray Energy Corp. completed a merger that will result in its Kentucky subsidiary holding a 100% interest in assets formerly operated by Armstrong Energy Inc. The company finished an acquisition of a 51% stake in the Illinois Basin coal mines and related property.

Natural gas/midstream M&A

Details from EQT's midstream separation, simplification puzzle some analysts

EQT Corp.'s announced plans to separate its midstream and upstream businesses came as no surprise to analysts who cover the Appalachian gas producer. But the details of the move left some scratching their heads.

Delek Logistics, Green Plains form JV, acquire product terminals for $138.5M

Delek Logistics Partners LP and Green Plains Partners LP formed a 50/50 joint venture focused on the light products terminaling business and agreed to buy two light product terminals from an American Midstream Partners LP affiliate for $138.5 million.

Transocean gets approvals for acquisition of Cyprus offshore driller

Global offshore drilling company Transocean Ltd. obtained the necessary regulatory approvals to proceed with a compulsory acquisition of all Songa Offshore SE shares that it does not already own.