PennEnergy Resources has entered an agreement to purchase Rex Energy for $600.5m.
The acquisition will provide PennEnergy Resources with operatorship of 329 horizontal producing shale wells. The company will also add 203,500 gross leasehold acres located in the counties of Butler, Beaver and Armstrong, north of Pittsburgh, Pennsylvania to its portfolio, through the acquisition.
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PennEnergy is engaged in the development of oil and gas properties, while Rex Energy is an oil and gas producer. Both based in the US.
The transaction is expected to strengthen PennEnergy’s operations.
Enagás has entered an agreement with Belgian transmission system operator Fluxys to jointly divest their stake in Swedegas to FS Gas Transport for Skr2.04bn ($223.8m).
Enagás and Fluxys each hold a 50% share in Swedegas and will separately receive Skr1.02bn (€96m) for their stake in the company.
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By GlobalDataBased in Sweden, FS Gas Transport is a subsidiary of First State Investments managed European Diversified Infrastructure Fund II, while Swedegas, also based in Sweden, is a transmission system operator.
EagleClaw Midstream has entered an agreement to acquire Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950m.
EagleClaw is a subsidiary of Blackstone Energy and provides gathering, transportation, compression, processing, and treating services to the oil and gas industry, while Caprock is developing assets in the Delaware Basin in partnership with Energy Spectrum Partners VII, LP.
Caprock Midstream is a principal investment firm and Energy Spectrum Capital is a private equity firm.
All the companies involved in the transaction are based in the US.
Honeywell has acquired Ortloff Engineers, a US-based provider of technologies and consulting/engineering services for processing plant contractors and operators.
Following the transaction, Ortloff will become a part of Honeywell’s gas processing and hydrogen business.
Based in the US, Honeywell is a diversified technology and manufacturing company.
The transaction will enable Honeywell to meet customer needs with respect to high-product recovery of natural gas liquids in extraction plants.
