Category: Deals

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 »

McClendon’s American Energy, Regency to build $500M Utica pipeline

A $500 million pipeline planned for next year could carry natural gas from Aubrey McClendon’s growing web of gas wells in Ohio to the Gulf Coast and several mid-western and southern states.  More »

Venezuela says Citgo assets worth more than $10 billion

PDVSA is seeking to sell Citgo assets, the U.S. unit said in a July 29 bond prospectus document.  More »

Pattern Development acquires Texas wind farm development

Pattern Energy Group LP announced Tuesday it had acquired a planned 200 megawatt wind project southwest of Dallas that will sell more than half the power it produces to Wal-Mart.  More »

Linn to buy $340M in assets from Pioneer, sell in Anadarko Basin

HOUSTON — Linn Energy inked a $340 million deal to buy 235,000 net acres in the Hugoton Basin from Pioneer Natural Resources Co. and announced a $90 million sale in the Anadarko Basin. The deals, done by Linn Energy and its related LinnCo, are the latest in a string of acquisitions and sales the company […]  More »

Terminals startup Zenith Energy gets $600 million infusion

The Kinder Morgan executive who built one of the largest U.S. energy terminal businesses is now looking beyond the nation’s shores to build infrastructure in the developing world.  More »