energy transfer – Oil & Gas 360

Diamondback Energy, Inc. announces sale of WTG Midstream

May 28, 2024

Oil and Gas 360 MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The

Energy Transfer to buy Permian operator WTG for $3.3 billion

May 28, 2024

Yahoo Finance (Bloomberg) — Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal that will expand the US pipeline giant’s already sprawling network in the Permian Basin. Energy Transfer will pay $2.45 billion in cash and about 50.8 million newly issued Energy Transfer common units to acquire the Midland, Texas-based company from affiliates of Stonepeak, the

Energy Transfer slams US denial of LNG extension, seeks rehearing

May 23, 2023

Yahoo Finance HOUSTON – Pipeline operator Energy Transfer slammed the U.S. Department of Energy’s denial of an export-permit extension to its Louisiana liquefied natural gas (LNG) export project in a DOE filing, seeking a rehearing. The DOE had denied Energy Transfer’s request for a three-year extension of its multi-billion-dollar Lake Charles LNG project, saying the request did not meet

Energy Transfer reports Louisiana natgas pipeline ruptured in July

August 5, 2022

Nasdaq Energy pipeline operator Energy Transfer LP ET.N has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with the U.S. National Response Center. The July 22 leak, the equivalent of enough gas to supply 40,000 U.S. homes for a day, originated from a gathering system near Ringgold, Louisiana,

Dakota Access pipeline asks U.S. Supreme Court to scrap environmental study order

September 21, 2021

Fox Business NEW YORK – Dakota Access on Monday asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review. The U.S. District Court for the District of Columbia revoked a key environmental permit for the pipeline last year and ordered an additional environmental study. The pipeline entered service in 2017

Pipeline owner: Shutdown would cause dire financial effects

April 21, 2021

Fox Business The owner of the Dakota Access pipeline that moves oil from North Dakota to Illinois says shutting down the line would have dire financial consequences based on recent economic conditions. Texas-based Energy Transfer said in its filing late Monday that U.S. District Judge James Boasberg should deny a motion by the Standing Rock Tribe and other pipeline opponents to halt the business while

Pipeline doubts put Bakken shale reboot on hold

July 29, 2020

Reuters Publisher’s Note: Northern Oil and Gas will be presenting at The Oil and Gas Conference on August 17-19, 2020, 1 x 1 investor meetings are open, schedule your meeting with NOG now. North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy

Energy Transfer digs in on North Dakota pipeline expansion despite oil slump, sources say

July 2, 2020

Reuters NEW YORK – U.S. pipeline company Energy Transfer (ET.N) has taken the rare step of invoking force majeure – normally used in times of war or natural disaster – to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. Energy Transfer wants to nearly double

Energy Transfer to proceed with Lake Charles LNG alone after Shell exits project

March 30, 2020

Houston Chronicle Dallas pipeline operator Energy Transfer will proceed with the proposed Lake Charles LNG export terminal alone after European oil major Shell has decided to exit the multibillion project. Shell announced Monday that company will continue to support Energy Transfer with the bidding process for a general contractor but will then exit the project in a phased handover. The

Energy Transfer Operating, L.P. announces pricing of concurrent offerings of $4.5 billion of senior notes and $1.6 billion of preferred units

January 8, 2020

Oil and Gas 360 DALLAS – Energy Transfer Operating, L.P. (formerly, Energy Transfer Partners, L.P., and a subsidiary of Energy Transfer LP) (“ETO”) today announced that it has priced an underwritten public offering of $1.0 billion aggregate principal amount of its 2.900% senior notes due 2025, $1.5 billion aggregate principal amount of its 3.750% senior notes due 2030 and $2.0 billion

SemGroup stockholders approve $5 billion M&A deal with Energy Transfer

December 5, 2019

Houston Chronicle Stockholders of the Oklahoma pipeline company SemGroup voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer. During a special Wednesday morning stockholders meeting, shareholders voted to the merger agreement. Under the deal valued at $5 billion, SemGroup stockholders will receive $6.80 in cash and a 0.7275 share of Energy Transfer stock for every share

Dakota Access oil pipeline eyes expansion over tribe’s objections

November 13, 2019

Reuters A regulatory hearing to determine whether Dakota Access LLC can nearly double the flow of its oil pipeline through North Dakota began on Wednesday in the U.S. state, reigniting a fight with the nearby Standing Rock Sioux Tribe. North Dakota Public Service Commission will decide at a later date whether owner Dakota Access LLC, controlled by Texas-based Energy Transfer

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