DKGP Energy Terminals has signed an agreement to acquire two refined products terminals from an affiliate of midstream infrastructure provider American Midstream Partners for $1.38bn.
One of the terminals is located in Caddo Mills, Texas, while the other is located in North Little Rock, Arkansas, US.
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The deal is expected to be completed by the end of first half of 2018 and will strengthen DKGP Energy’s terminal storage capacity.
DKGP Energy is a joint venture of Delek Logistics Partners and Green Plains Partners.
Delek Logistics Partners is the owner and operator of logistics and marketing assets for hydrocarbon products, while Green Plains Partners is a provider of fuel storage and transportation services.
All companies involved in the deal are based in the US.
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By GlobalDataUS-based oil and gas company Lime Rock Resources plans to divest its oil and gas assets located in the Anadarko Basin in Oklahoma, Texas, and Kansas.
The company has appointed Meagher Energy Advisors to handle the divestment.
The transaction is expected to be completed by March.
Concho Resources has divested 40,000 acres of its non-core leasehold acreage located in Ward and Reeves counties in Texas, US, for $280m.
Based in the US, Concho Resources is an independent oil and gas company.
Raven Energy plans to raise A$2.2m ($1.74m) through the private placement of convertible notes.
Due 2019, the notes have a maturity rate of 10% and can be converted into common shares of the company at a price of A$0.0017 ($0.0014) a share.
The Canadian oil and gas exploration and development company plans to use the funds raised towards acquisitions and for working capital purposes.
US-based oil and gas company Braxton Minerals III plans to divest its royalty interests and non-participating royalty interests in 102 producing wells and one non-producing well located in West Virginia and Pennsylvania, US.
Located in the Doddridge, Marshall, Ritchie, Tyler and Wetzel counties of West Virginia, and Greene County in Pennsylvania, the interests cover an area of 559 mineral acres.
Antero Resources is the operator of the wells.
Merit Energy plans to divest its oil and gas properties located in Oklahoma, US.
The US-based oil and gas company plans to exit from the Oklahoma region following the completion of the deal.
Tenoaks Energy Advisors have been appointed to handle the divestment.
88 Energy has issued 37,848,570 fully paid ordinary shares to investors that exercised options.
Based in Australia, 88 Energy is engaged in oil and gas exploration operations in Australia and the US.
Jasbe Petroleum has divested its BP-branded fuel station located in Epping, Victoria, Australia, for A$9m ($7.14m).
Based in Australia, Jasbe Petroleum is a fuel and convenience retailer.
The deal will enable Jasbe Petroleum to strengthen its downstream asset base.
