Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal_老虎社区_美港股上老虎

Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal

Reuters2021-10-26

Oct 26 (Reuters) - Oil and gas pipeline company Crestwood Equity Partners LP agreed to buy Oasis Petroleum Inc's midstream unit in a $1.8 billion deal, as it looks to expand its footprint in U.S. ...

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It will also receive a $10 million cash payment for its ownership of the General Partner interest of Oasis Midstream.\nShareholders of Oasis Midstream, which had an outstanding debt of about $660 million as of Sept. 30, will receive an aggregate of 12.9 million Crestwood units in exchange for 14.8 million shares held.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6332214,"gmtCreate":1635250237663,"gmtModify":1635250237770,"authorId":3575378956741249,"author":{"id":3575378956741249,"authorId":3575378956741249,"name":"Kiattt","avatar":"https://static.tigerbbs.com/586600416b343f9d9fc7463cf77c2825","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":852196543,"type":1,"supId":0,"prevId":0,"content":"<u>K</u>","text":"<u>K</u>","html":"<u>K</u>"}],"langContent":"CN"},{"id":852190768,"gmtCreate":1635249788336,"gmtModify":1635249789072,"author":{"id":"3586424409701165","authorId":"3586424409701165","authorIdStr":"3586424409701165","name":"Sriwonc","avatar":"https://static.tigerbbs.com/264a5cfcdc2db585d9b139a4c4d7b11d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3586424409701165"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/852190768","repostId":1122063956,"repostType":4,"repost":{"id":"1122063956","pubTimestamp":1635249060,"share":"https://www.laohu8.com/m/news/1122063956?lang=&edition=full","pubTime":"2021-10-26 19:51","market":"us","language":"en","title":"Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1122063956","media":"Reuters","summary":"Oct 26 (Reuters) - Oil and gas pipeline company Crestwood Equity Partners LP agreed to buy Oasis Pet","content":"<p>Oct 26 (Reuters) - Oil and gas pipeline company Crestwood Equity Partners LP agreed to buy Oasis Petroleum Inc's midstream unit in a $1.8 billion deal, as it looks to expand its footprint in U.S. shale basins.</p>\n<p>The cash-and-stock deal comes as oil and gas prices have touched multi-year highs, boosting shareholders' confidence in the sector and encouraging mergers.</p>\n<p>Last week, Altus Midstream Co announced a merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin, with the combined entity to be valued at $9 billion, inclusive of debt.</p>\n<p>Crestwood estimates it can capture over $20 million in incremental annual cash flow over the next several years from the Oasis deal and identified about $25 million in annual cost savings shortly after the transaction closes in 2022.</p>\n<p>Crestwood also said on Tuesday it expects to increase its distribution to $2.62 per unit annually, an about 5% increase year-over-year, after the deal closes.</p>\n<p>Oasis Petroleum will receive $150 million in cash and an aggregate of 21 million units in exchange for 33.8 million units held in its midstream company. It will also receive a $10 million cash payment for its ownership of the General Partner interest of Oasis Midstream.</p>\n<p>Shareholders of Oasis Midstream, which had an outstanding debt of about $660 million as of Sept. 30, will receive an aggregate of 12.9 million Crestwood units in exchange for 14.8 million shares held.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrestwood Equity to boost U.S. shale footprint with $1.8 bln deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-26 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-crestwood-equity-boost-u-113549649.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oct 26 (Reuters) - Oil and gas pipeline company Crestwood Equity Partners LP agreed to buy Oasis Petroleum Inc's midstream unit in a $1.8 billion deal, as it looks to expand its footprint in U.S. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-crestwood-equity-boost-u-113549649.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CEQP":"Crestwood Equity Partners LP"},"source_url":"https://finance.yahoo.com/news/1-crestwood-equity-boost-u-113549649.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122063956","content_text":"Oct 26 (Reuters) - Oil and gas pipeline company Crestwood Equity Partners LP agreed to buy Oasis Petroleum Inc's midstream unit in a $1.8 billion deal, as it looks to expand its footprint in U.S. shale basins.\nThe cash-and-stock deal comes as oil and gas prices have touched multi-year highs, boosting shareholders' confidence in the sector and encouraging mergers.\nLast week, Altus Midstream Co announced a merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin, with the combined entity to be valued at $9 billion, inclusive of debt.\nCrestwood estimates it can capture over $20 million in incremental annual cash flow over the next several years from the Oasis deal and identified about $25 million in annual cost savings shortly after the transaction closes in 2022.\nCrestwood also said on Tuesday it expects to increase its distribution to $2.62 per unit annually, an about 5% increase year-over-year, after the deal closes.\nOasis Petroleum will receive $150 million in cash and an aggregate of 21 million units in exchange for 33.8 million units held in its midstream company. It will also receive a $10 million cash payment for its ownership of the General Partner interest of Oasis Midstream.\nShareholders of Oasis Midstream, which had an outstanding debt of about $660 million as of Sept. 30, will receive an aggregate of 12.9 million Crestwood units in exchange for 14.8 million shares held.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6332287,"gmtCreate":1635250646465,"gmtModify":1635250646505,"authorId":3560223458534375,"author":{"id":3560223458534375,"authorId":3560223458534375,"name":"zzcloud88zz","avatar":"https://static.tigerbbs.com/c778f20822cc4b80c4c832a0775addbf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":852190768,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":21,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}