US Business Strategist at AES Drilling Fluids | Energy Industry Specialist and Podcast Host
Was great to see Daniel Goodman from Carnelian Energy Capital discuss the state of PE in oil and gas at the HPF | HOUSTON PRODUCERS FORUM. Overall positive outlook for PE considering the current landscape. I would expect to see PE really get after it once all these large M&A deals close and folks start looking to prune some of their assets. 2025 is looking bright my friends!
Furthermore, Enbridge’s gas distribution and storage business will be North America’s largest gas utility franchise, according to Enbridge. ENFR provides exposure to the Alerian Midstream Energy Select Index (AMEI), a composite</div><div class="read-more"><a href="" class="more-link">Continue reading</a>https://lnkd.in/grmrfR5c
The leaders of Enbridge Inc. have signed a deal to buy Dominion Energy Inc.’s natural gas distribution businesses for $9.4 billion as well as the assumption of $4.6 billion in debt. If completed as expected next year, the transaction is set to make Enbridge the largest gas utility in North America. Calgary-headquartered Enbridge plans to pay cash for the assets of Ohio Gas Co., Questar Gas Co. and Public Service Co. of North Carolina Inc., which operate a combined 78,000 miles of distribution, transmission, gathering and storage pipelines as well as storage facilities with more than 62 bcf of capacity. Combined, the businesses have about 3 million customers in Ohio, North Carolina, Utah, Idaho, and Wyoming and in 2022 generated net profits of $697 million on revenues of more than $3.3 billion.
Pipeline operators are increasingly turning to corporate takeovers to expand amid growing opposition to new pipeline construction. Energy Transfer is set to buy WTG Midstream, the largest private natural gas gathering and processing business in the Permian region of West Texas & New Mexico. https://lnkd.in/eGT2bJ_E If you are looking to expand your O&G footprint without the midstream cost and potential risks, contact Higher Power Energy Resources
How can you achieve a successful outcome for your community during large energy infrastructure transactions? It’s important to ensure the deal will support your community’s long-term financial needs — and you need to take the right steps to overcome challenges during the process. Our advisors at MNP have supported many Indigenous communities and energy companies as they navigate the transaction process. Learn what steps you can take to overcome obstacles and read our case study highlighting how five Indigenous communities successfully navigated a large transaction with an oil and gas pipeline company: https://shr.link/j4e7x
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The midstream segment is particularly interesting, as this is where the infrastructure side lies. Companies here offer exposure to the energy market with often lower volatility than upstream producers or integrated majors with downstream operations. https://buff.ly/4bDIFWf
Phillips 66 is making strategic moves! They've sold a 25% stake in the Rockies Express Pipeline to Tallgrass Energy for $1.28 billion. This sale is a key part of their plan to divest over $3 billion in assets. The Rockies Express Pipeline, spanning 1,714 miles, is one of the largest natural gas pipelines in the U.S. Tallgrass Energy, already operating the pipeline, will now fully control it. Phillips 66 expects to receive $685 million in after-tax proceeds, enhancing shareholder value. Discover more about this strategic move at https://lnkd.in/dRtN3nN2
There's no doubt natural gas demand is growing south of the border, especially with the slate of LNG terminals being proposed. Kinder Morgan is positioning itself to capture that rising demand with a deal to acquire NextEra's South Texas Midstream. Read more at Natural Gas Intelligence.
ENERGY SOUTH: A Mountain of Asset Sales Loom After Oil Megamerger Era https://hubs.la/Q02DscML0 U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. #oilandgasindustry #assetsales #assets #energysouth #oilmergers #oilandgascompanies #energyindustry #energynews
While L&T is bullish on hydrocarbon space, the company talks about shelf life of bullish oil and gas infrastructure segment. Watch Whole-time Director of Energy, subramanian sarma in conversation with Niraj Shah. Watch the full conversation here: https://bit.ly/43OMbde
