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Vega Energy Partners, Ltd.

Company Summary

Website

http://www.vegaenergy.com/

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Company Transactions

Date: 4/26/2021
Type: Acquisition

BUYERS:
  • Six One Commodities LLC
  • Vega Energy Partners, Ltd.
    • SELLERS:
  • AltaGas Ltd
    • DETAILS:

    COST: 275 $MM

    VOLUMES: 31 Bcf

    NOTES:
    AltaGas has sold its U.S. transportation and storage business to a subsidiary of Six One Commodities and Vega Energy Partners for US$275 million. The assets included 31 Bcf in leased and managed storage capacity and a number of gas transport and storage contracts.
    REGIONS:
  • Lower 48

    • Date: 4/26/2021
    Type: Acquisition

    BUYERS:
  • Six One Commodities LLC
    • SELLERS:
  • Vega Energy Partners, Ltd.
  • WGL Midstream, Inc.
    • DETAILS:
    NOTES:
    Six One Commodities, a gas and power merchant backed by Pinnacle Asset Management, has acquired Vega Energy Partners (VEP) and WGL Midstream.
    REGIONS:
  • Lower 48

    • Date: 10/31/2016
    Type: Acquisition

    BUYERS:
  • WGL Midstream, Inc.
    • SELLERS:
  • Vega Energy Partners, Ltd.
    • PROJECTS:
  • Mountain Valley Pipeline
    • DETAILS:
    NOTES:
    Acquisition of a 3% interest in the MVP
    REGIONS:
  • Marcellus Shale
  • Utica

    • Date: 10/20/2016
    Type: Acquisition

    BUYERS:
  • DTE Energy Company
    • SELLERS:
  • M3 Midstream LLC
  • Vega Energy Partners, Ltd.
    • ASSETS:
  • Stonewall Gas Gathering System
  • Appalachia Gathering System (AGS)
    • DETAILS:

    COST: 1.3 $B

    NOTES:
    The Company will be acquiring 100% of the Appalachia Gathering System and 40% of the Stonewall Gathering System from M3 Midstream. DTE will acquire a further 15% of the Stonewall System from Vega Energy Partners.
    REGIONS:
  • Marcellus Shale
  • Utica
  • Appalachia