Energy Transfer Equity – Oil & Gas 360

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

U.S. Court Dismisses Energy Transfer Partners Lawsuit Against Greenpeace

February 15, 2019

From Reuters A federal court in North Dakota has dismissed a lawsuit from Energy Transfer Partners LP against environmental group Greenpeace, according to a court order on Thursday. ETP had sued reut.rs/2SASoIv Greenpeace and other environmental groups in 2017, accusing them of racketeering and defamation with the aim of blocking the Dakota Access Pipeline. In the lawsuit, ETP argued that the environmental

Energy Transfer on Trend: Consolidates MLP

August 3, 2018

Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that an agreement upon the merger of ETP with ETE in a unit-for-unit exchange. In connection with the transaction, ETE’s incentive distribution rights (IDRs) in ETP will be cancelled. ETP unitholders (other than ETE and its subsidiaries) will receive 1.28 common units of ETE for each

$37.7 Billion Energy Transfer Equity Merger Sours

April 7, 2016

Williams Companies claim Energy Transfer Equity is breaching their merger agreement Williams Companies (ticker: WMB) is suing Energy Transfer Equity (ticker: ETE) for breaching their merger agreement. In September of last year, ETE offered to acquire Williams for total consideration of $37.7 billion, representing a 10% premium on WMB’s stock prior to the opening bell on September 28, when the

Energy Transfer Partners Completes Dropdown of Remaining Retail Business for $2.2 Billion

November 17, 2015

Latest dropdown brings total transactions to $5.7 billion in just over a year Energy Transfer Partners (ticker: ETP) announced the dropdown of its remaining retail business to Sunoco LP (ticker: SUN) for total consideration of $2.226 billion. Energy Transfer Partners’ dropdown consisted of its remaining 68.42% interest in Sunoco, as well as its 100% interest in the legacy Sunoco retail

Energy Transfer Finally Locks Down Deal for Williams Companies at $37.7 Billion

September 28, 2015

ETE Becomes Largest Energy Infrastructure Group Enterprise Value Now Exceeds that of BP, Total and Petrobras Energy Transfer Equity’s (ticker: ETE) long pursuit of Williams Companies (ticker: WMB) has come to an end. On September 28, 2015, ETE announced the acquisition of WMB for total consideration of $37.7 billion, including debt, representing a 10% premium to WMB stock price prior

Williams Companies Weighing Takeover Offers; Energy Transfer Still in the Picture

September 14, 2015

Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover attempt was made public in June. The rejected offer of $53.1 billion from Energy Transfer Equity (ticker: ETE) was refused

Energy Transfer Partners Announces $1.94 Billion Dropdown

July 15, 2015

Energy Transfer Partners Moves Susser Holdings to Sunoco LP Energy Transfer Partners (ticker: ETP) announced that it plans a 100% dropdown of Susser Holdings Corp. (SHC) for approximately $1.94 billion to its subsidiary Sunoco LP (ticker: SUN). In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new Sun units to

Williams Companies Rejects $53 Billion Buyout Offer

June 22, 2015

Energy Transfer Equity makes an all-equity offer for Williams The Williams Companies (ticker: WMB) rejected an all-equity transaction valued at $53.1 billion, including the assumption of debt and other liabilities, from Energy Transfer Equity (ticker: ETE), according to an ETE press release today. ETE made a series of offers for Williams, which WMB had not replied to prior to rejecting

Premium Content