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After Berkshire Deal, Pool of Large-Scale Midstream Investors Shrinks Berkshire Hathaway Energy’s $9.7 billion acquisition of Dominion Energy Inc.’s natural gas transmission and storage business may indicate investor interest in that part of the midstream sector, but some analysts said opportunities for future large-scale asset M&A remain limited.
Party Like It Is 2002 – Berkshire Is Back For Midstream M&A Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) put a portion of their ~$140 billion war chest of available cash to work over the weekend with the announced acquisition of Dominion Energy’s (D) gas transmission and storage business for a $9.7 billion (sale price includes assumed debt). Assets sold under the agreement include the company’s ownership interests in Dominion …
Chesapeake Sues FERC Over Pipeline Contracts Chesapeake Energy has sued the Federal Energy Regulatory Commission to keep two pipeline companies from interfering in its Chapter 11 reorganization, Kallanish Energy reports.
East Daley Capital Launches New Solution to Channel Check Midstream Energy Companies East Daley Capital Advisors, Inc., the premier midstream energy data and insights company, launched its Capital Markets solution comprised of industry-leading financial models and reports that are now paired with its asset-level, data-driven Company Dashboards, Board Reports, Company Blueprints, and Roadmaps that channel check companies in the midstream energy market. Channel checking the midstream sector …
Northeast Pipes Struggle in Radically Altered Market Sponsors of two long delayed Appalachian gas projects -Mountain Valley Pipeline (MVP) and Atlantic Coast Pipeline (ACP) are inching forward, armored by a conviction that their combined 3.5 billion cubic feet per day of capacity will find a ready market in the Southeast.
Flaring Persists Amid Gas Production Nosedive As Permian Basin companies shut in oil production 200,000 barrels per day and counting by some estimates associated gas volumes are plunging, too. But anyone expecting to see the region’s rampant gas flaring fall in tandem will be disappointed.