Natural Gas Utilities
China Oil and Gas Group Ltd announces acquisition of 100 pct. equity interest in n oil and gas producing company in Canada
China Oil and Gas Group Ltd:Referred to the announcement of the company dated June 20, in relation to acquisition of 100 pct. equity interest in Baccalieu Energy Inc., the target company.Unless otherwise defined, capitalised term used in this announcement shall have same meanings as those defined in announcement.Says that all conditions precedent under arrangement agreement have been fulfilled and all related procedural registration matters have also been completed, and the target company has become an indirect wholly owned subsidiary of the company.
American Midstream Partners LP executes agreement to acquire assets from DCP Midstream, LLC for $115 Million
American Midstream Partners LP:Says execution of a Purchase and Sale Agreement with an affiliate of DCP Midstream, LLC to acquire entities holding onshore natural gas processing and offshore natural gas gathering and transportation and oil gathering assets for consideration of about $115 million.Says the acquisition complements American Midstream's High Point system located in Southeast Louisiana, and improves AMID's ability to compete for increased shallow-water and deep-water production from new drilling in the prolific oil and gas eastern region of the Gulf of Mexico.Says the acquisition is expected to be funded through the private placement of American Midstream common units.Says the acquisition is expected to close in Aug. 2014.The assets to be acquired include the Mobile Bay gas processing plant, Dauphin Island gathering and transmission system, and DCP's interest in the Main Pass Oil Gathering System.
Exterran Partners LP:Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation, for about $135 million.The assets to be acquired include 162 compression units, with a total horsepower of about 110,000.