Professional M&A intelligence for the energy transition
Berkshire Hathaway Energy completed its $9.7 billion acquisition of Dominion Energy's natural gas transmission and storage business in November 2020. The deal included over 7,700 miles of pipelines and 900 Bcf of storage.
Spire Inc. (NYSE: SR) acquired MoGas Pipeline (an interstate natural gas pipeline) and the connected Omega Pipeline from CorEnergy Infrastructure Trust for $175 million in January 2024. The 263-mile MoGas system primarily serves Missouri, including Spire's existing utility customer base.
Energy Transfer LP (NYSE: ET) completed its $7.1 billion all-equity acquisition of Crestwood Equity Partners in November 2023, expanding its midstream footprint in the Williston, Delaware, and Powder River basins. The deal added Crestwood's gathering, processing, and storage assets.
Energy Transfer LP (NYSE: ET) completed its $3.25 billion acquisition of WTG Midstream from affiliates of Stonepeak, the Davis Estate and Diamondback Energy in July 2024. The deal added approximately 6,000 miles of natural gas pipelines and eight processing plants in the Permian Basin's Midland Basin.
Energy Transfer LP (NYSE: ET) completed its $1.45 billion acquisition of Lotus Midstream Operations from an affiliate of EnCap Flatrock Midstream in May 2023. The deal added the Centurion Pipeline crude oil gathering system spanning the Permian Basin to the Cushing, Oklahoma, hub.
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.
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.