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Western appears on track to reach its leverage (net debt/adjusted EBITDA) goal of 3 times by year end, at which point it could pay out excess (special or variable) distributions above its current ...
Western Gas Holdings and Western Gas Partners were acquired by Anadarko Petroleum. [11] Crane is also the majority shareholder in Crane Worldwide Logistics LLC, chairman of the board for CargoJet, [13] and director of both Nabors Industries [14] and natural gas company Western Midstream. [7] [15]
Western Refining, Inc., is a Texas-based Fortune 200 [8] and Global 2000 [9] crude oil refiner and marketer operating primarily in the Southwestern, North-Central and ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]
Like Kinder Morgan, Enterprise and Enbridge are giant North American midstream operators. They collect tolls from energy companies that use their vast pipeline, storage, processing, and ...
Occidental's shares rose about 4% on the news, having lost over 30% in value since the $38-billion offer for Anadarko was made public on April 24, 2019. Occidental is working to pare $40 billion ...
The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline , rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products.
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