Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II

Kinder Morgan (KMI) closed on a 640ドル million deal for a Bakken natural gas gathering and processing network, the company announced on Feb. 18.

KMI subsidiary Hiland Partners Holdings acquired the North Dakota system from Outrigger Energy II. The deal includes a 270 MMcf/d processing facility and a 104-mile transport line with a 350 MMcf/d capacity.

The company announced the deal in mid-January.

The network takes the natural gas out of the Williston Basin. With this transaction, KMI expects to reduce the future capex needed for additional growth to serve its existing Bakken customers.

"We are pleased to have completed this strategic acquisition and to start integrating these assets with our existing Hiland gas footprint," said Tom Dender, KMI natural gas midstream president.

Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze

2025年01月08日 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.

Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024

2025年02月04日 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.

Buying Time: Continuation Funds Easing Private Equity Exits

2025年01月31日 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.

Argent LNG, Baker Hughes Sign Agreement for Louisiana Project

2025年02月03日 - Baker Hughes will provide infrastructure for Argent LNG’s 24 mtpa Louisiana project, which is slated to start construction in 2026.

Utica Oil’s Infinity IPO Values its Play at 48,000ドル per Boe/d

2025年01月30日 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.