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First Reserve

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Company Transactions

Date: 12/31/2018
Type: Acquisition

BUYERS:
  • First Reserve
  • DETAILS:

    COST: 1.5 $B

    NOTES:
    First Reserve has entered into a deal to purchase Dominion Energy's 50% stake in Blue Racer Midstream for up to $1.5 billion, including $1.2 billion in cash and $300 million in earn-out payments from 2019-2021.
    REGIONS:
  • Marcellus Shale
  • Utica
  • Date: 9/30/2018
    Type: Acquisition

    DETAILS:

    COST: 1.225 $B

    VOLUMES: 25 MBOE/d

    NOTES:
    Kosmos will fund the deal with $925 million in cash and $300 million in common shares issued to First Reserve.
    REGIONS:
  • Gulf of Mexico
  • Date: 9/18/2018
    Type: Acquisition

    SELLERS:
  • Baker Hughes
  • DETAILS:

    COST: 375 $MM

    NOTES:
    Baker Hughes will sell the dresser NGS product line to First Reserve, including 450 employees around the globe and three manufacturing sites. This business provides commercial and industrial natural gas meters and pipeline repair products. Meanwhile, the Talomana Branch of the NGS business will be sold to Pietro Fiorentini S.p.A, including 40 employees and a manufacturing site in Italy.
    REGIONS:
  • International
  • Date: 7/24/2018
    Type: Acquisition

    NOTES:
    Crestwood Permian Basin Holdings has acquired an undivided stake in the first phase of the EPIC NGL Pipeline Project, which runs from the Orla Natural Gas Plant to Benedum, Texas. Crestwood controls 80 Mbbl/d in NGL transport capacity.
    REGIONS:
  • Permian Basin
  • Date: 7/3/2018
    Type: Acquisition

    REGIONS:
  • Eagle Ford
  • Date: 8/4/2017
    Type: Acquisition

    SELLERS:
  • Gas Natural Inc.
  • DETAILS:

    COST: 13.1 Per Share

    NOTES:
    Gas Natural and First Reserve continue to expect to complete the transaction in the second half of 2017.

    Date: 6/5/2017
    Type: Acquisition