- Equal Energy (NYSE:EQU) +15.1% premarket on news of revised midstream marketing contract with a Kinder Morgan subsidiary and an extension of its deal with Petroflow Energy.
- EQU signs an amended gas purchase and processing agreement with Scissortail Energy, a Kinder Morgan subsidiary, providing for an extension of its term and a revised pricing formula to take effect Aug. 1.
- The deadline for the $230M deal that would allow Petroflow to acquire EQU is extended to July 31, as Petroflow has obtained financing commitments in the amounts necessary for it to complete the deal; the revised agreement also provides for EQU to pay two special dividends of $0.05/share each.