Energy Transfer has officially completed the acquisition of American midstream operator Crestwood Equity Partners, a transaction valued at $7.1 billion. This strategic move not only expands Energy Transfer’s footprint in the Delaware and Williston basins but also marks its entry into the Powder River basin. Based on Crestwood’s closing price as of August 15, 2023, […]
Western Midstream Partners, LP (NYSE: WES) disclosed that its operating subsidiary will acquire Meritage Midstream Services II, LLC for $885 million in an all-cash transaction. The deal is set to finalize in the fourth quarter of 2023, subject to customary closing conditions and required regulatory approvals. Details of the Meritage Midstream Services II Assets Included […]
Energy Transfer LP (NYSE: ET) is set to acquire Houston-based Crestwood Equity Partners LP (NYSE: CEQP) in an all-equity deal worth an estimated $7.1 billion. The agreement encompasses the assumption of about $3.3 billion of Crestwood Equity Partners’ debt as of the closing price dated August 15, 2023. Upon successful completion of the transaction, Crestwood […]
US-based oil producer Continental Resources has signed an agreement to be acquired by an entity owned by its founder Harold G. Hamm and his family in a deal worth $27bn. The acquisition will be made by Oklahoma-based Omega Acquisition which is owned by Harold Hamm. Under the terms of the agreement, Omega Acquisition will initiate […]
Canadian Overseas Petroleum Limited (COPL) has wrapped up its previously announced $54 million acquisition of Atomic Oil and Gas. Atomic Oil and Gas has assets in the Powder River Basin in Wyoming, US. The company has operated stakes in 52,258 acres (gross) of contiguous leasehold. Within the lease block, there are a couple of oil […]
Voyager 3D seismic survey : TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider has announced a new multi-client US onshore 3D seismic survey called Voyager 3D within the Powder River Basin. Located in Johnson County, Wyoming, the Voyager 3D seismic survey will encompass nearly 555 square kilometers. According to TGS, the high-resolution survey is situated […]