Kinder Morgan has announced its plan to acquire STX Midstream and NextEra Energy's South Texas assets for approximately $1.8 billion. The deal includes a set of integrated, large diameter high-pressure natural gas pipelines connecting the Eagle Ford basin to Mexico and Gulf Coast demand markets. Meanwhile, Crescent Point Energy has agreed to purchase Hammerhead Energy for about C$2.55 billion ($1.86 billion) to expand its holdings in Alberta's Montney oil and gas play. These acquisitions are part of the ongoing trend of consolidation in the oil and gas industry.
Crescent Point Acquires Hammerhead Energy For $2.55 Billion $CPG $HHRS #oil #OOTT #acquisition #investing https://t.co/TfB78aYSKi via @TheDeepDive_ca
More #Energy deals.....Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp. https://t.co/uF6b4OJJXt via @YahooFinance #OOTT #oilandgas
Diamondback Energy aims to be a buyer in U.S. shale consolidation https://t.co/dbvf5c14nm https://t.co/GtvafSZ5LD
Last month, Exxon announced the acquisition of Pioneer for $64.5 billion and Chevron announced the acquisition of Hess for $60 billion. Today, Crescent Point announced the acquisition of Hammerhead for $2.6 billion. We expect the trend in oil & gas consolidation to accelerate,… https://t.co/1p4Cp033mY
Kinder Morgan to buy NextEra Energy Partners' Texas pipelines for $1.82 bln https://t.co/7RFjckjhyR https://t.co/0AkiEHHGEm
Canada's Crescent Point to buy Montney shale assets for $1.86 bln https://t.co/Er6qLvrlas https://t.co/zVs45r4vYA
Kinder Morgan to Purchase NextEra Energy Partners’ Texas Pipeline For $1.8 Billion $KMI https://t.co/MfI8Ctf0zB
Kinder Morgan agreed to buy NextEra Energy Partners LP’s South Texas natural gas pipeline assets for $1.815 billion in cash. https://t.co/zrFQS5bgqI
Kinder Morgan $KMI said it will buy STX Midstream, NextEra Energy’s South Texas assets, for about $1.8b. Includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to Mexico and Gulf Coast demand markets Transaction… https://t.co/UPV4lixe3e
Crescent Point Energy agreed to buy Hammerhead Energy in a deal valued at about C$2.55 billion ($1.86 billion) to expand its holdings in Alberta’s prolific Montney oil and gas play. https://t.co/xniqB7EFp6
Crescent Point paying $2.55 billion for Hammerhead, when they could have very recently paid less than half of that to buy Pipestone, is a reminder of why I sold their stock in the first place. Terrible decision, I don't own the stock, no recommendation. $cpg $hhrs