Targa Resources plans to divest its Petroleum Logistics business, including transport and storage terminals Channelview, Baltimore and Sound.
The Channelview terminal is located in Harris County, Texas, while the Baltimore terminal is located in Baltimore County, Maryland. The Sound terminal is located in Pierce County, Washington.
The asset divestment will be carried out by Evercore Group.
Reliance Industries has entered a $100m purchase and sale agreement with Sundance Energy to divest its stake in an oil and gas asset in the western part of the Eagle Ford Shale in Texas, US.
The company is executing the sale through subsidiary Reliance Eagleford Upstream Holding, an operator in the US oil and gas sector.
The transaction will be completed by Q1 2019.
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By GlobalDataBased in India, Reliance Industries is an integrated energy company, while Sundance Energy is an oil and gas company based in the US.
The transaction will enable Sundance Energy to expand its oil and gas assets portfolio in Texas.
Flatland Mineral Fund plans to sell some of its mineral assets, including 87 producing horizontal wells in Texas, US.
The assets cover 1,826 acres of land.
Based in the US, Flatland Mineral Fund is an owner and operator of oil and gas reserves, minerals and royalties.
TenOaks Energy Advisors has been appointed to handle the divestment.
Energy Hunter Resources has signed definitive agreements to acquire additional oil and gas assets in the San Andres oil play from Lubbock Energy Partners for $18.37m.
Located in the Cochran County, Texas, the project covers an area of 8,817 acres in the Permian Basin.
The transaction will be completed through cash and convertible preferred shares by Energy Hunter Resources.
Both the entities involved in the transaction are oil and gas companies based in the US.
The acquisition is expected to strengthen Energy Hunter Resources’ acreage position in the San Andres oil play.
Longshore Resources plans to divest its non-core oil and natural gas assets in Canada.
The properties comprise land blocks located in the Lower Charlie Lake, Halfway, and Montney formations in the Wembley area of Alberta.
The assets also consist of non-operated infrastructure, including the Wembley Gas Plant operated by Cenovus Energy.
Divestment of these properties will be carried out by Sayer Energy Advisors.
Marubeni Corporation has sold a part of its oil and gas properties in Eagle Ford shale, Texas, through its subsidiaries to two oil and gas companies based in the US.
The transaction will enable Marubeni to reshuffle its asset base and strengthen its financial position.
Valero Energy Partners plans to raise $500m through a public offering of 4.5% senior notes due March 2028.
Based in the US, Valero Energy Partners is a midstream company formed by Valero Energy Corporation.
Funds raised from the offering will be used for general corporate purposes, including working capital and acquisitions.
