Saturday, January 18, 2025
Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say- oil and gas 360

Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say

Yahoo Finance U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile (2730-km)interstate natural gas pipeline, stretching from Wyoming and Colorado in the U.S.

Tallgrass shareholders approve Blackstone-led buyout of pipeline operator- oil and gas 360

Tallgrass shareholders approve Blackstone-led buyout of pipeline operator

Reuters HOUSTON – Tallgrass Energy (TGE.N) shareholders on Thursday backed a buyout by a Blackstone-led (BX.N) group that valued the U.S. oil pipeline operator at $6.3 billion, a rare case of a pre-market crash deal going ahead without a price cut. Terms were struck ahead of this year’s collapse in energy prices that has U.S. oil producers cutting output and

Tallgrass Energy announces new president- oil and gas 360

Tallgrass Energy announces new president

Oil and Gas 360 Tallgrass Energy, LP- LEAWOOD, Kan.- (NYSE: TGE) today announced that the Board of Directors of its general partner has appointed Matthew P. “Matt” Sheehy as President of Tallgrass Energy, effective immediately. He will report to Tallgrass CEO William R. “Bill” Moler and focus on the company’s commercial and business development efforts.       Sheehy originally

Tallgrass Energy Receives ‘Take Private’ Proposal - Oil & Gas 360

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal letter from Blackstone Infrastructure Partners (stock ticker: BX) on Tuesday, offering to acquire all of the outstanding Class A shares

Denver Energy Company Named Top Workplace Fifth Consecutive Year

Tallgrass Energy, LP (stock ticker: TGE, $TGE) was named one of The Denver Post’s Top Workplaces. The list is compiled based on a third-party survey that measures aspects of workplace culture through the eyes of employees. It’s the fifth consecutive year for Tallgrass to be named. Tallgrass is an energy midstream infrastructure company operating in 11 states that provides energy

Private Capital: Blackstone Jumps Into Midstream in Deal With Tallgrass

Will replace Tallgrass’s current partners Kelso and EMG Private capital continues to surge into the midstream space, as Blackstone (stock ticker: BX) announced it will acquire a significant share of Tallgrass Energy (stock ticker: TGE). Blackstone Infrastructure Partners will acquire a 44% interest in Tallgrass and a 100% interest in Tallgrass’s general partner for $3.3 billion in cash. Blackstone reports

Tallgrass to Develop New Cushing to St. James Crude Oil Pipeline

Tallgrass Energy, LP (NYSE: TGE) announced plans to develop a new crude oil pipeline from Cushing, Okla., to the St. James, La., refining complex, as well as a separate new export-capable liquids terminal strategically located near the mouth of the Mississippi River. The proposed Seahorse Pipeline is expected to be 30 inches in diameter and approximately 700 miles long, with

Tallgrass and Silver Creek Announce Iron Horse Pipeline Open Season

Tallgrass Energy, LP (NYSE: TGE) and Silver Creek Midstream, LLC today announced a binding open season soliciting additional shipper commitments for Niobrara (API 34 – 42) crude oil transportation service on the Iron Horse Pipeline. The system is designed to add additional grades of crude oil as necessary. Iron Horse, which has secured a 10-year producer-supported committed transportation contract for