This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Influential Women in Energy Luncheon and Networking Event.
Midstream companies tallied up more than $3.6 billion in last minute deals in the fourth and first quarter. December’s monster midstream deal was Williams' purchase of the MountainWest system for $1.5 billion from Southwest Gas – which is just one year after the company bought the pipeline. Southwest paid about $500 million more, including debt. Read the full story here.
December’s flurry of smaller midstream deals included Tallgrass’ acquisition of bankrupt Ruby Pipeline, Summit Midstream’s agreement to acquire Outrigger Energy II in the DJ Basin and Pembina sold its stake in the Key Access Pipeline System.
Starting the new year with a close out, Targa Resources purchased the remaining 25% stake in the Grand Prix NGL Pipeline from Blackstone for roughly 1 billion in cash. Check it out here.
That’s your Hart Energy A&D Minute powered by the Influential Women in Energy Luncheon and Networking Event on Feb. 7 in Houston.
Also, watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
2024-05-07 - TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
2024-03-19 - Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
CERAWeek: AI, Energy Industry Meet at Scary but Exciting Crossroads
2024-03-19 - From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.