Acquisitions and mergers

Phillips 66 has announced the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of approximately US$2.2 billion.

Izomax accelerates global growth with acquisition of IK Engineering and IK Group US Inc.

Summit Midstream Corp. has acquired Moonrise Midstream and provided an update on its operations in the DJ Basin.

MPLX LP has announced it has signed a definitive agreement with affiliates of WhiteWater and Diamondback Energy to acquire the remaining 55% interest in BANGL, LLC for US$715 million.

Saipem and Subsea7 have announced that they have reached an agreement in principle on the key terms of a possible merger of the two companies through the execution of a Memorandum of Understanding (MoU). The proposed combination is expected to create a global leader in energy services.

The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.

Altrad has confirmed it has completed the purchase of Stork TS Holdings Limited which holds the Stork UK group of companies.

ArcLight Capital Partners, LLC and affiliates has announced that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC (GCX) for US$865 million from an affiliate of Phillips 66.

ONEOK, Inc. has announced that it has completed its acquisition of EnLink Midstream, LLC.

Pine Run Gathering (a joint venture of Stonehenge and UGI) has announced that it has completed a transaction to acquire Superior Midstream Appalachian, LLC for US$120 million subject to customary adjustments.