Professional M&A intelligence for the energy transition
ONEOK acquired Medallion Midstream from Global Infrastructure Partners for $2.6 billion. The deal added the largest crude gathering system in the Midland Basin of the Permian, with over 1,300 miles of gathering pipelines.
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, acquired Tokyo Gas Co., Ltd.'s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas' interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, […]
Williams (NYSE: WMB) closed its acquisition of MountainWest Pipelines Holding Company from Southwest Gas Holdings (NYSE: SWX) in a deal including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion. The deal added 2,000 miles of interstate pipelines across Utah, Wyoming, and Colorado. MountainWest also operates 56 […]
Williams Companies acquired Cureton Front Range for approximately $550 million in August 2024. The deal added gathering and processing assets serving the Denver-Julesburg Basin.
Williams (NYSE: WMB) acquired a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion. The deal includes six underground natural gas storage facilities located in Louisiana and Mississippi with total capacity of 115 billion cubic feet, as well as 230 miles of gas transmission pipeline and 30 pipeline […]
Sunoco LP completed its $7.3 billion acquisition of NuStar Energy in May 2024. The deal added approximately 9,500 miles of pipelines and 63 storage terminals across the United States and Mexico, expanding Sunoco beyond its core fuel distribution business.
Plains All American Pipeline acquired Ironwood Midstream Energy from EnCap Flatrock Midstream for $475 million.. The deal added crude oil gathering assets in the Eagle Ford Shale.
EQT Corporation completed its $5.2 billion acquisition of Quantum Energy Partners-backed Tug Hill's THQ Appalachia natural gas business and XcL Midstream's gathering system in December 2022. The deal added approximately 90,000 core net acres in West Virginia's Marcellus and Utica formations and 800 MMcfe/d of production. The combined entity strengthened EQT's position as the largest […]
EQT Corporation completed its $5.5 billion acquisition of Equitrans Midstream in July 2024, reuniting two companies that had separated in 2018. The combined company became the first vertically integrated U.S. natural gas producer with 27.6 Tcfe of proved reserves. The deal gave EQT control of the Mountain Valley Pipeline and over 2,000 miles of gathering […]
Tokyo Gas, through its U.S. subsidiary TG Natural Resources, acquired Quantum Energy Partners-backed Rockcliff Energy II for $2.7 billion in cash in January 2024. The deal added approximately 109,000 net acres in the Haynesville Shale. The transaction was the largest U.S. natural gas-focused upstream deal of 2023 and reflected Japanese utility interest in securing equity […]