Eagle Rock to sell midstream business for $1.3B
Houston-based Eagle Rock Energy Partners is selling 8,100 miles of gathering pipeline and several processing plants for $1.3 billion, a move to transform into a pure upstream firm, the company said...
View ArticleRumored Targa deal a bust, but firm is ripe for buyout
The rumored $15 billion deal for control of a Houston natural gas pipeline operator never got past the initial talks, Targa Resources said after its shares soared on reports it was closing in on a sale.
View ArticleTarga reports strong quarter, stays coy about merger potential
Pipeline operator Targa Resources says it will evaluate possible deals after a proposed merger fell through earlier this year, but officials wouldn't say if it's in active merger talks.
View ArticleEnergy Transfer Partners to buy sister company in $11.2 billion deal
The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.
View ArticleEnergy Transfer Partners to shift retail business in $1.94 billion swap
The so-called drop down deal will sharpen Dallas-based Energy Transfer Partners' focus on the midstream sector, while also concentrating Energy Transfer's retail and convince store business in Sunoco LP.
View ArticleMoody’s downgrades Williams Cos., lowers outlook for Energy Transfer
Moody's lowered its credit rating for Williams Companies and reduced its ratings outlook for Energy Transfer Equity.
View ArticleWilliams cuts its capital budget by more than $1 billion
The 35 percent capital budget cut from last year comes amid the ongoing oil crash and just two weeks after Moody's Investor Service downgraded Williams' credit rating. Williams said it is slicing its...
View ArticleEnergy Transfer says Williams takeover in danger
Energy Transfer Equity LP said its multibillion-dollar takeover of Williams Cos. is in danger of falling apart because it hasn’t secured a necessary tax opinion saying the deal would free shareholders...
View ArticleWilliams Cos. names new chair after 6 board members resign
Kathleen Cooper was officially announced Friday as the new chairwoman of Tulsa, Okla.-based Williams to support keeping CEO Alan Armstrong in the job. Former chairman Frank MacInnis was one of six...
View ArticleFormer board directors blast Williams Cos. CEO after failed merger
New York hedge fund activists Eric Mandelblatt and Keith Meister — two of the six directors to resign last week — each wrote letters sharply criticizing Armstrong of his alleged abysmal leadership.
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