Alliance Resources Partners (ARLP) has acquired partnership interests in AllDale Minerals and AllDale Minerals II (collectively AllDale) for $175.96m.
The acquisition will add 42,000 net royalty acres in premier oil and gas resource plays of AllDale to ARLP’s portfolio, as well as help in increasing its cash flow this year.
Both based in the US, ARLP is a coal producer company while AllDale is a holder of oil and gas mineral assets.
Shell Gas has closed the acquisition of a 26% interest in Hazira LNG and Port from Total Gaz Electricité Holdings (Total).
Hazira LNG and Port is a joint venture established by Shell Gas and Total in Gujarat, India.
Following the acquisition, Shell has become the sole operator of the Hazira LNG and Port.
The acquisition will enable Shell to establish an integrated supply chain for gas and contribute to meeting the long-term needs for clean energy solutions in India.
Shell Gas is a subsidiary of UK-Dutch oil and gas company Royal Dutch Shell, while Total is a France-based integrated oil and gas company.
Blackbird Energy and Pipestone Oil have completed their previously announced merger.
The strategic merger will establish a new company named Pipestone Energy to be focused on the condensate-rich Montney play.
In addition to the transaction, Blackbird Energy and Pipestone Oil have raised $111m in equity financing and Pipestone Oil has arranged $198.5m in debt financing.
Canadian Non-operated Resources (CNOR) shareholders of Pipestone Oil received 103 million of Pipestone Energy shares in exchange for Pipestone Oil shares.
Blackbird’s common shares were also converted into Pipestone Energy’s shares based on a 10:1 consolidation ratio.
Blackbird Energy and Pipestone Oil are both oil and gas exploration and development companies based in Canada.
