Category: Deals

For Noble gas field, Middle East proves most profitable customer

Noble Energy’s first deal to export natural gas from Israel shows that surrounding Middle Eastern countries may be the most lucrative market to unload massive reserves of an offshore field called the Leviathan.  More »

Energy deals plunge to 5-year low in 2013

Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.  More »

China’s largest coal company to learn shale in US deal

China’s state-owned coal behemoth is heading to Pennsylvania to learn how to tap into natural gas embedded in shale.  More »

Buffett strikes deal to buy $1.4B Phillips 66 unit

Berkshire Hathaway made a deal on Monday for Phillips 66’s flow improver business, which manufactures a chemical agent that breaks up debris and moves oil and gas through pipelines.  More »

Houston company nearly doubles proved reserves with $581M deal

Houston-based Vanguard Natural Resources agreed to buy natural gas-heavy properties in Southwestern Wyoming for $581 million, a deal that would nearly double its reserves, the company said Monday.  More »

Quantum Energy company sells Anadarko Basin assets for $336M

Quantum Energy Partners said Tuesday one of its portfolio companies closed a deal to sell liquids-rich assets in the Anadarko Basin for $336 million.  More »

Eagle Rock to sell midstream business for $1.3B

Houston-based Eagle Rock Energy Partners is selling 8,100 miles of gathering pipeline and several processing plants for $1.3 billion, a move to transform into a pure upstream firm, the company said Monday.  More »

Entergy hands off control of power grid

There’s a new traffic cop directing electricity flows to 2.8 million power customers in Louisiana, Arkansas, Mississippi and Texas.  More »

State regulators OK NV Energy sale to MidAmerican

Nevada utility regulators gave their approval Monday for the sale of the state’s largest electric utility to a company controlled by billionaire Warren Buffett.  More »

Shareholders approve Linn-Berry merger

Linn Energy LLC said shareholders have approved the purchase of Berry Petroleum Co. The $3 billion deal is expected to close today.  More »

Q&A: Another good year for midstream partnerships

Vinson & Elkins partner Keith Fullenweider, who advises clients on energy industry mergers and acquisitions, sees another active year for master limited partnerships in the midstream sector.  More »

Judge holds Anadarko’s Kerr-McGee liable

The company may have to pay as much as $14 billion related to environmental cleanup and health claims.  More »