North Hudson Resource Partners acquires LOGOS Resources
HOUSTON and FARMINGTON, N.M. — North Hudson Resource Partners LP and its affiliated funds, in partnership with the management team of LOGOS Resources II LLC, has acquired LOGOS from affiliates of ArcLight Capital Partners LLC for approximately $402 million. LOGOS’ assets include over 230,000 net acres in the San Juan Basin, current net production of […]
The Crosby Group and KITO Corp. combine
RICHARDSON, Texas and SHOWA-CHO, Japan — The Crosby Group and KITO Corp., parent company of Harrington Hoists, have entered into a definitive agreement to combine both businesses. The transaction will be effected through a cash tender offer by The Crosby Group to acquire all of the outstanding shares of KITO. The tender offer is expected […]
Rio Grande completes sale of all oil, gas assets
HOUSTON — Rio Grande E&P LLC has completed the sale of all its oil and gas assets for an undisclosed amount. Rio Grande sold its conventional and unconventional assets to two separate undisclosed buyers. Rio Grande was founded in 2018 by Glenn Hart, the former CEO of Michael Petroleum Corp. and Laredo Energy. Rio Grande’s […]
SilverBow Resources closes SandPoint acquisition
HOUSTON — SilverBow Resources Inc. has closed its previously announced acquisition of certain assets from SandPoint Operating LLC, a subsidiary of SandPoint Resources LLC. Purchase consideration due to the seller, subject to customary closing adjustments, was comprised of approximately $31 million in cash and 1.3-million shares of SilverBow’s common stock. The cash portion of the […]
Canes Midstream acquires Cogent Midstream
DALLAS — Canes Midstream LLC, a Dallas-based portfolio company of EIV Capital and Denham Capital, has closed on the acquisition of Cogent Midstream LLC. The Cogent assets, located in the Southern Midland Basin, include 520 million cubic feet per day of processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering […]
Centennial Colgate Energy combine in merger of equals
DENVER and MIDLAND, Texas — Centennial Resource Development Inc. and Colgate Energy Partners III LLC have entered into an agreement to combine in a merger of equals. The combined company will be the largest pure-play exploration, development and production company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and […]
Crestwood acquires Sendero, CPJV equity, divests from Barnett
HOUSTON — Crestwood Equity Partners LP entered into a series of agreements under which the company acquired Sendero Midstream Partners LP for $600 million in cash; acquired First Reserve’s 50-percent equity interest in Crestwood Permian Basin Holdings (CPBH) LLC for $320 million in Crestwood common units, plus the assumption of asset level debt; and divested […]
Magellan Midstream closes terminals sale to Buckeye Partners
TULSA, Okla. and HOUSTON — Magellan Midstream Partners LP closed the sale of its independent terminals to Buckeye Partners LP, following receipt of the required regulatory approval process. As announced in June 2021, Magellan agreed to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage […]
BKV buys ExxonMobil assets in Barnett Shale
IRVING, Texas — ExxonMobil signed an agreement with subsidiaries of BKV Corp. for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. ExxonMobil removed the Barnett Shale gas assets operated by its subsidiaries XTO Energy Inc. and Barnett Gathering LLC […]
bp completes acquisition of BP Midstream
Partners LP
LONDON — bp PLC and a bp U.S. affiliate have completed the previously announced acquisition of all outstanding common units of BP Midstream Partners (BPMP) LP that were not already owned directly or indirectly by bp or its affiliates, which has resulted in BPMP becoming a wholly-owned subsidiary of bp. Effective at the time of […]
