DCP Midstream enterprise value of $11 billion Jan 4 (Reuters) – DCP Midstream Partners LP said it had acquired the assets of a joint venture between Phillips 66 and Spectra Energy Corp, to create the largest natural gas liquids producer and gas processor in the United States. The combined company, which has an enterprise value […]
DCP Midstream Partners to buy assets of Philips-Spectra JV Read More »
US natural gas futures down as temperature outlook turns warmer By Scott DiSavino Jan. 3 (Reuters) – US natural gas futures on Tuesday dropped over 10 per cent, the most in almost three years, on forecasts for temperatures to moderate after a brief cold blast expected this week. Front-month gas futures for February delivery on
US natural gas futures drop over 10 per cent Read More »
Marathon Petroleum under pressure from investor Jan 3 (Reuters) – Marathon Petroleum Corp, under pressure from activist investor Elliott Management, said a special committee of its directors would review its retail business, including considering a tax-free separation. Elliott unveiled a 4 per cent stake in Marathon Petroleum in November and urged the company to consider spinning
Marathon Petroleum explores spin-off for retail business Speedway Read More »
Delek offers .504 of shares for each outstanding Alon share Jan 3 (Reuters) – Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas’s prolific Permian basin. The combined company,
Refiner Delek to buy rest of Alon USA for $464 million Read More »
SM Energy sale includes pipeline infrastructure, land Jan 3 (Reuters) – U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million. The assets, operated by a third-party, include about 37,500 net acres and related
SM Energy to sell some Eagle Ford assets for $800 million Read More »
SM Energy transaction expected to close Q1 2017 SM Energy Company announced it entered an agreement with subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, for the sale of the company’s third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, for a purchase price of
SM Energy sells Eagle Ford assets for $800 Million Read More »
Hold-out Peabody Energy creditors given more time to review financing plans By Tom Hals WILMINGTON, Del., Dec 29 (Reuters) – Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid growing creditor support for its plan of reorganization. Last week,
Peabody Energy extends debt deadline amid creditor support Read More »
Chevron geothermal assets sold as company cuts spending, jobs to handle weak oil prices By Enrico Dela Cruz MANILA, Dec 23 (Reuters) – Philippine property to banking conglomerate Ayala Corp said on Friday two groups of companies in which its energy unit has stakes will acquire Chevron geothermal assets in Indonesia and the Philippines, earlier valued
Indonesia, Philippine groups acquire Chevron geothermal assets for $3 billion Read More »
Bonanza Creek, Memorial Production Partners, Forbes Energy Services each file for bankruptcy By Tracy Rucinski and Ahmed Farhatha Dec 23 (Reuters) – Bonanza Creek Energy Inc and two other energy firms announced on Friday plans to file for bankruptcy in coming weeks, joining a long list of U.S. energy companies that have succumbed to a
Bonanza Creek, other U.S. energy firms announce Chapter 11 plans Read More »
Peabody Energy looks to exit bankruptcy this year By Tracy Rucinski CHICAGO, Dec 22 (Reuters) – Leading global coal producer Peabody Energy said on Thursday its main creditors support a plan to wipe more than $5 billion of debt from its balance sheet and exit the largest energy-related U.S. bankruptcy this year. Under a reorganization plan
Peabody Energy creditors back plan to cut over $5 billion of debt Read More »
