- Nuevo Midstream, a Texas pipeline company backed by P-E firm EnCap FlatRock Midstream, is seeking a buyer and could fetch $1.5B, Bloomberg reports.
- Nuevo is said to have drawn interest from potential buyers including Oneok (OKE, OKS) and Regency Energy Partners (NYSE:RGP).
- Takeovers involving companies that help transport, store and process oil and natural gas after have surged past $100B so far this year.