Noble, Greenfield Midstream to acquire Saddle Butte Pipeline
Noble Midstream Partners LP and Greenfield Midstream LLC have formed a joint venture (JV), Black Diamond Gathering LLC. The JV has entered into definitive agreements to acquire Saddle Butte Rockies Midstream LLC and affiliates for $625 million. Noble Midstream will fund 50 percent of the purchase price and will receive a 4.4-percent ownership promote in […]
Probe Technologies, Hunter Well Science merge
Probe Technologies Holdings Inc. has completed a strategic merger with Hunter Well Science Ltd. that significantly expands its product offering to better serve its growing international customer base. By joining forces, Probe and Hunter plan to accelerate the commercial release of a combinable and technologically advanced solutions platform that initially includes reservoir evaluation, production logging, […]
Amec Foster Wheeler divests nuclear operations in North America
Further to Amec Foster Wheeler’s announcement in June, parent company Wood recently entered into an agreement to sell its North American nuclear operations to Kinectrics Inc. Cash consideration for the transaction is approximately $10 million (Canadian) after adjustments for defined benefit pension-related debt and subject to closing adjustments. The business being sold consists of Amec […]
McDermott, CB&I to combine in $6B all-stock transaction
McDermott International Inc. and CB&I have agreed to combine in an allstock transaction to create a premier, fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation service offering and market-leading technology portfolio. Upon completion of the transaction, McDermott shareholders will own approximately 53 percent of the combined company on a fully […]
Talos Energy LLC to combine with Stone Energy Corp.
Talos Energy LLC and Stone Energy Corp.’s boards of directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company. The company will be named Talos Energy Inc. Under the terms of the transaction, each outstanding share of Stone common stock will […]
EQT Corp. completes acquisition of Rice Energy
EQT Corp. has completed its acquisition of Rice Energy Inc. In conjunction with the closing, and as previously announced under the terms of the merger agreement, two former Rice directors — Daniel J. Rice IV and Robert F. Vagt — have joined the EQT board, effective immediately. In addition, the company had previously commenced a […]
Husky Energy closes acquisition of Superior Refinery
Husky Energy has closed its acquisition of the Superior Refinery, a 50,000-barrel-per-day refinery located in Superior, Wisconsin. The Superior Refinery increases Husky’s downstream crude processing capacity in line with the company’s growing production. With the addition of the Superior Refinery, Husky’s total downstream capacity will increase to approximately 395,000 barrels per day. Husky is retaining […]
Albemarle to sell portion of Performance Catalysts Solutions
Albemarle Corp. has signed a definitive agreement to sell its polyolefin catalysts and components business to W. R. Grace & Co. in a cash transaction valued at approximately $416 million. The organometallics and curatives portions of the Performance Catalysts Solutions business will remain with Albemarle. As part of the transaction, Grace will assume the lease […]
Preliminary election results indicate Jacobs, CH2M to merge
Based on a preliminary vote tally from a special meeting of CH2M HILL Cos. Ltd. stockholders, CH2M stockholders have approved the proposal pursuant to which Jacobs Engineering Group Inc. will acquire CH2M pursuant to a reverse subsidiary merger. The preliminary results show approximately 95.57 percent of the outstanding shares of CH2M common stock and CH2M […]
GE completes sale of Water & Process Technologies business to SUEZ
GE has completed the closing of the sale of GE Water & Process Technologies to SUEZ for $3.4 billion. “I am thrilled to welcome GE Water & Process Technologies’ teams and knowhow,” said Jean-Louis Chaussade, CEO of SUEZ. “This is an exciting moment for SUEZ, as our group now has an ever-stronger knowledge and skillset […]
Ensco completes acquisition of Atwood Oceanics
Ensco plc has completed its acquisition of Atwood Oceanics Inc. The deal results in a combined company with a fleet of 63 rigs, comprising ultra-deepwater drill ships, deep- and mid-water semisubmersibles and shallow-water jack-ups. Under the terms of the merger agreement, Atwood shareholders are entitled to receive 1.6 Ensco Class A ordinary shares for each […]
Kalnin Ventures makes fifth Marcellus asset acquisition
An affiliate of Kalnin Ventures LLC’s BKV Oil and Gas Capital Partners LP fund has entered into purchase and sale agreements with respect to the fund’s fifth acquisition of assets in just over two years in the northeast portion of the Marcellus Shale. The transaction is valued at an aggregate price of $210 million, with […]
C&J Energy Services to acquire O-Tex Holdings
C&J Energy Services Inc. has entered into a definitive agreement to acquire O-Tex Holdings Inc. and its operating subsidiaries, including O-Tex Pumping LLC. O-Tex is majority owned by White Deer Energy LP. Under the terms of the agreement, C&J will acquire all the outstanding equity interests of O-Tex in a cash and stock transaction, with […]
LINN Energy to sell Williston properties for $285M
LINN Energy Inc. has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to closing adjustments. The properties to be sold consist of approximately 20,000 net acres in North Dakota, South Dakota and Montana, with second-quarter net […]
New Jersey Resources acquires Pennsylvania pipeline
New Jersey Resources (NJR) subsidiary Adelphia Gateway LLC has entered into an agreement with Talen Generation LLC to purchase all of its membership interests in Interstate Energy Co. LLC, owner and operator of an existing 84-mile pipeline in southeastern Pennsylvania, for an estimated $166 million, plus additional contingent payments of up to $23 million based […]
ExxonMobil acquires Permian Basin crude oil terminal
Exxon Mobil Corp. has acquired a crude oil terminal in Wink, Texas, from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin — one of the most prolific plays in the U.S. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport […]
