Midstream's M&A Record Year

摘要

Perliminary data for 2011 show a record year for North American midstream M&A activ-ity. Reported deal value topped $72 billion, dominated by Kinder Morgan Inc.'s $38-billion planned acquisition of the largest U.S. diversified natural gas player, El Paso Corp. Also, three large deals by the two Energy Transfer LPs collectively totaled almost $13.5 billion and included the acquisition of Southern Union in a bidding war with Williams. The strong growth trend, since 2008, of the number or volume of midstream deals, including deals without reported deal values, continued, hitting a 10-year high in 2011.