- Tight Gas & Oil
- Gas Hydrates
Merit Energy agreed to purchase the company’s Wyoming assets for $870 million. Marathon’s holdings include the 570-mile Red Butte pipeline and waterflood developments in the Big Horn and Wind River basins.
As a part of the deal, Tallgrass will acquire Sempra’s share in the pipeline’s roughly $2.6 billion of debt, which equates to about $640 million.
Contractors in the greater Rocky Mountain market see some capex available for operators in 2016, but suspect it will be directed to leasing. Several expect full recovery in by 2018.