US oil and gas merger mania extends to the midstream

Last updated: | Reading Time: 1 minutes
Pipeline operators are also embarking on a merger spree in a quest to add scale, optimize assets, and gain more exposure to export markets.
  • The merger mania in U.S. oil has spread to midstream. 
  • Occidental Petroleum, which has recently announced a $12-billion deal to buy CrownRock, is now considering a sale of its $20 billion natural gas pipeline operator Western Midstream Partners.
  • Last year, ONEOK said it would buy Magellan Midstream Partners in a cash-and-stock deal valued at $18.8 billion, creating a combined U.S. oil and gas pipeline giant with a total enterprise value of $60 billion.

While the upstream mega deals in the U.S. shale patch have been drawing the most market attention, pipeline operators are also embarking on a merger spree in a quest to add scale, optimize assets, and gain more exposure to export markets.

Click here to read the full article
Source: Oil Price

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

You might also like
Fed rate cutFed rate cut hikes oil and gas prices
The Trump administration has proposed offering nearly 80,000 acres in northwestern Arizona for oil and gas drilling.BLM targets NW Arizona for 78k acre oil and gas lease
Merger and acquisition activity among exploration and production companies hit $144B in the fourth quarter alone and $190B for 2023.The oil and gas industry is undergoing its biggest-ever consolidation
Explore how ESG goals impact oil and gas investments, influencing sustainability, risk, and long-term profitability.ESG (Environmental, Social, Governance) goals Impact on oil and gas investments
Unlock the value of your oil and gas royalties with expert tips. Maximize returns and navigate the sales process effectively in the energy sector.Selling oil and gas royalties: Tips for maximizing value
The number of rigs engaged in the exploration and production of oil and natural gas in the United States was 625 in the week ended Dec 1.Permian oil drilling rig count rises in 5 of prior 8 weeks
Explore how offshore drilling impacts royalty payments, including factors like oil prices, production rates, and government revenue for landowners and investors.Offshore drilling and royalty payments – Exploring the connection
US oil and gas producersUS oil and gas producers pressure House to pass pivotal permitting bill and get America ‘back on track’
Chord Energy and Enerplus agree to $11 billion mergerIn the latest U.S. oil and gas merger, Chord Energy and Enerplus have agreed to combine in an approximately $11B stock and cash transactionUnlock the value beneath your property. Learn how to obtain mineral rights, assess potential, negotiate deals, and navigate legal & financial considerations.How to obtain mineral rights on your property