Natural gas pipeline operator Regency Energy Partners said it would purchase pipeline and related assets from Eagle Rock Energy Partners and Hoover Energy Partners for about $1.6 billion.Eagle Rock's assets, valued at $1.3 billion, include about 8,100 miles of gathering pipelines and processing plants with a total capacity of more than 800 million cubic feet per day.The acquisitions will give Regency Partners an increased exposure in Texas, the company said on Monday.Regency's $290 million deal with Hoover Energy will help the company expand its footprint in the southern portion of the Delaware basin in West Texas.
Rock Energy Inc. (Rock) is an energy company engaged in the exploration for and development and production of crude oil and natural gas in Western Canada. Shares of RE fell by 0.92% or $-0.03/share to $3.24. In the past year, the shares have traded as low as $1.06 and as high as $3.73. On average, 300094 shares of RE.TO exchange hands on a given day and today's volume is recorded at 78100.
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