Natural gas/midstream M&A
NuStar rejects Energy Transfer takeover to stay the course on simplification
A key NuStar GP Holdings LLC shareholder rebuked a recent takeover offer by Energy Transfer Equity LP, with the shareholder preferring the general partner's announced plans to merge with master limited partnership NuStar Energy LP.
W&T Offshore forms JV with investors for $419.6M Gulf of Mexico drilling program
W&T Offshore Inc. struck joint exploration and development agreements with a number of investors for up to 14 drilling projects in the Gulf of Mexico over the next three years.
NW Natural gets state regulatory approvals for planned reorganization
Northwest Natural Gas Co. received approval from state regulators to convert into a holding company structure in its service territories of Oregon and Washington, a move that would protect its regulated utility from risks posed by its non-regulated businesses.
CNX Midstream completes $265M acquisition of Marcellus wet gas gathering system
CNX Midstream Partners LP completed its $265 million acquisition of CNX Resources Corp.'s 95% interest in the Shirley-Pennsboro gathering system. CNX Midstream funded the deal with a portion of the proceeds from the sale of $400 million of 6.500% senior notes due 2026, which also closed the same day.
Analysts impressed by Pioneer/Reliance JV's return on Eagle Ford sale
Pioneer Natural Resources Co.'s effort to become a Permian-only producer took a step forward with a recent sale of a portion of its Eagle Ford Shale assets, and analysts applauded the move.