•  
  •  
  •  
  •  
  •  
  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Tethys, PetroChina sign MOU to explore Kazakhstan's oil, gas sales to China

    Mar 3, 2015

    Tethys Petroleum Ltd. has signed a memorandum of understanding with PetroChina International Kazakhstan Ltd. to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crude oil deliveries.

    Otto signs farm-in agreement with Red Emperor

    Mar 3, 2015

    Otto Energy Ltd.’s subsidiary Otto Energy Philippines Inc. has signed a farm-in agreement with Red Emperor Resources NL to earn a 15% working interest in Service Contract 55, offshore the Philippines.

    Tallgrass closes acquisition of additional interest in Pony Express

    Mar 3, 2015

    Tallgrass Energy Partners LP has closed on the acquisition of an additional 33.3% interest in Tallgrass Pony Express Pipeline LLC for a cash consideration of $700 million. The acquisition increases TEP’s membership interest in Pony Express to 66.7%.

    Total to be operator of PNG’s PRL 15 JV

    Mar 2, 2015

    InterOil Corp. says that all participants in the Petroleum Retention License (PRL) 15 joint venture have unanimously voted to appoint Total E&P PNG Ltd. as operator of the PRL 15 JV. PRL 15 is located in the Gulf Province of Papua New Guinea.

    PAA acquires Williston Basin crude oil terminal under construction

    Mar 2, 2015

    Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

    Matador closes Delaware Basin combination

    Mar 2, 2015

    Matador Resources Co. has completed the combination of its Delaware Basin assets with Harvey E. Yates Co. (HEYCO), a subsidiary of HEYCO Energy Group Inc. As a result of the transaction, Matador will assume operatorship of all of HEYCO’s operated properties in the Northern Delaware Basin.

    Atlas Energy and Atlas Pipeline complete Targa mergers

    Mar 2, 2015

    Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have completed the merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pipeline with a subsidiary of Targa Resources Partners LP.

    Valero Energy Partners acquires Valero terminaling businesses

    Mar 2, 2015

    Valero Energy Partners LP has acquired certain businesses from subsidiaries of Valero Energy Corp. 

    Magellan and PAA to build Saddlehorn pipeline

    Mar 2, 2015

    Magellan Midstream Partners LP and Plains All American Pipeline LP have formed Saddlehorn Pipeline Co., a 50/50 limited liability company, to construct, own, and operate the Saddlehorn pipeline.

    Azure Midstream completes acquisition

    Mar 2, 2015

    Azure Midstream Energy LLC has completed its acquisition of 100% of Marlin Midstream GP LLC, Marlin Midstream Partners LP's (Nasdaq: FISH) general partner; 90% of Marlin Midstream GP LLC's incentive distribution rights in Marlin; and an option to acquire 20% of NuDevco Midstream Development LLC's 10.7 million limited partnership units in Marlin. In a separate transaction, Azure contributed its Legacy gathering system to Marlin for $162.5 million in cash.

    Monthly Update

    Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2. Canadian dealmaking fell 45% to $5.0 billion after running strong throughout H1, and international activity slumped 72% to $6.5 billion. However, US dealmaking jumped 9% to $27.7 billion, largely driven by two shale corporate takeovers, the $7.0 billion Encana/Athlon Permian deal in September (more on that below) and the $6.0 billion Whiting/Kodiak Bakken deal in July.

    Read the latest article covering Q3 2014

    OGFJ Webcasts

    There is no current content available.