Join our newsletter and get a free copy of "Maximizing Your Minerals"

Discover how you can:

  • Negotiate the best lease for your minerals
  • Understand how the oil companies work
  • Prevent costly mistakes

*Your information will not be shared with others.

Southern Union to Energy Transfer or Williams?

by Kenneth E. DuBose on July 11, 2011

Southern Union has bounced between bidders of the past several weeks and new information says it has been going on for a couple of years.  Energy Transfer Equity looks to be the winner for the time being, but there is no guarantee this is the last round of the fight. The Souther Union battle comes at a time when the future pipeline developments will help shape the path of development for many of the shale gas plays across the U.S.

“Texas pipeline company Southern Union Co. held discussions about a takeover with at least nine companies and private-equity firms beginning in 2008 but saw most of those negotiations fall apart, a person familiar with the matter said.”"Southern Union was in talks with two of the companies earlier this year, but the talks ended after the suitors conducted due diligence and came back with lower offers, according to a Southern Union filing with the Securities and Exchange Commission that is expected to be made as early as Monday.”

Source: wsj.com

Previous post:

Next post: