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Kinder Morgan Energy Partners to Acquire 50% Interest in KinderHawk Field Services and 25% Interest in Natural Gas Gathering & Treating Business in the Eagle Ford Shale from Petrohawk Energy
GlobalData, May 2011, Pages: 6
Kinder Morgan Energy Partners to Acquire 50% Interest in KinderHawk Field Services and 25% Interest in Natural Gas Gathering & Treating Business in the Eagle Ford Shale from Petrohawk Energy - Deal Analysis from GlobalData
Summary
Kinder Morgan Energy Partners, L.P. (Kinder Morgan), a pipeline transportation and energy storage company, entered into an agreement to acquire 50% interest in KinderHawk Field Services LLC (KinderHawk), a midstream energy company, from Petrohawk Energy Corporation (Petrohawk). The acquisition also includes a 25% interest in Petrohawk's natural gas gathering and treating business in the Eagle Ford shale area. The transaction amount is $920m, which includes a payment of $855m and assumed debt of $65m. Barclays Capital Inc. is acting as financial advisor to Petrohawk with respect to the transaction. The transaction is expected to be completed on July 1, 2011. The transaction implies deal values of $2.04 per cubic feet of installed pipeline capacity and $0.92 per cubic feet of throughput capacity.
Scope
- Rationale behind Kinder Morgan acquiring midstream assets from Petrohawk, Strategic Benefits for the companies involved,
- Geography covered -US
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
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