Saturday, September 28, 2024

Kinder Morgan Plans Debt Reduction Using Trans Mountain Proceeds

$2 billion will drop debt load to long-term goal Kinder Morgan Canada (ticker: KML) has successfully closed the sale of the Trans Mountain Pipeline and the Trans Mountain Expansion Project to the Canadian government, and today the company announced its plans on how it will use the proceeds. KML will receive $3.5 billion in after-tax funds from the sale, which

Talos Energy Acquires GOM Producer Whistler Energy II

Talos Energy (ticker: TALO) has entered into and completed a transaction to acquire Whistler Energy II, LLC. Year to date gross production from Whistler’s assets is approximately 1,900 BOEPD, or net production after royalties of approximately 1,500 BOEPD, of which 82% is oil. The purchase price was $52 million and, as part of this acquisition, Talos negotiated the release of

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