Category: Deals

Calpine buys Massachusetts power plant for $530 million

Calpine Corp. announced today that it purchase a power plant near Boston from Exelon Corp. for $530 million in a deal that Calpine officials say will help the company expand its footprint in a key region.  More »

BP puts San Juan Basin gas wells on auction block

BP is trying to hawk thousands of aging natural gas wells in New Mexico as it trims some assets before the launch of its U.S. oil and gas business.  More »

Dynegy to acquire power assets for $6.25 billion

Two years after emerging from bankruptcy protection, Houston’s Dynegy Inc. is planning to pay $6.25 billion to nearly double its coal and gas-fired generating capacity in two separate deals for Midwestern and Northeastern power plants.  More »

Expo presents lots of talk about Permian land, but not much of it

The nation’s top oil producer is attracting more than a few glances from operators not already established in West Texas, but companies with exclusive and lucrative Permian acreage are holding on tight.  More »

Saudi Aramco invests $30 million in methane-to-gasoline startup

Siluria Technologies has received $100 million investment in its effort to develop a more efficient process for making gasoline from methane–the main component of natural gas, which is so plentiful in the United States now that some is burned off in flares because it isn’t marketable.  More »

Houston’s NRP buys construction materials business for $205 million

Natural Resource Partners LP, a Houston-based master limited partnership that buys and manages mineral reserves, will acquire Philadelphia-based VantaCore Partners LP for $205 million, it announced Tuesday.  More »

Cameron to sell compressor business for $850 million

Houston oil field equipment maker Cameron International is selling its centrifugal compression business to an Irish industrial manufacturer for $850 million, it said Monday.  More »

Deals bring in $2.1 billion, additional acreage to Shell Oil Co.

Shell Oil Co. today announced a pair of deals Thursday morning in which it will give up onshore gas operations in Wyoming’s Pinedale and Louisiana’s Haynesville fields in exchange for $2.1 billion and additional acreage in Pennsylvania.  More »

Kinder: Time to move on from MLP that built empire

Kinder Morgan shares surged Monday as the firm’s co-founder, Richard Kinder, explained on a conference call his reasoning behind the deal.  More »

Marathon, Noble announce exploration contracts in offshore Gabon

Houston-based oil and gas independents Marathon Oil and Noble Energy announced separate deals with the government of Gabon to explore in deep water off the coast of the West African nation.  More »

Kinder Morgan to unite a house divided in $44 billion deal

Kinder Morgan Inc. will acquire three publicly traded subsidiaries in a $44 billion deal combining the components of the giant Houston-based pipeline empire.  More »

Houston drilling services company launches $110 million IPO

Houston-based drilling services company Independence Contract Drilling Inc. launched its initial public offering this week, seeking $100 million.  More »
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