TGGT

AcronymDefinition
TGGTTopological and Geometric Graph Theory (International Conference)
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With the combination of TGGT and ETG, Azure will operate more than 1,300 miles of gathering pipelines that move natural gas from north Louisiana and east Texas supply basins to more than 20 existing major intrastate and interstate pipelines in the region.
Oil and natural gas company EXCO Resources Inc (NYSE:XCO) stated on Monday that its wholly-owned subsidiary EXCO Operating Company LP (EOC) and an affiliate of BG Group plc have transferred 100% of the equity interest in TGGT Holdings LLC (TGGT) for an aggregate sales price of approximately USD910m.
Upon repayment of TGGT's credit agreement, EXCO received cash proceeds of approximately USD240m.
18 November 2013 - US independent oil and gas firm EXCO Resources Inc (NYSE:XCO) said today that its wholly-owned unit EXCO Operating Company LP and UK natural gas company BG Group Plc (LON:BG) had finalised the sale of their 50/50 US midstream joint venture TGGT Holdings LLC to sector player Azure Midstream Energy LP in a cash-and-stock deal worth some USD910m (EUR673.6m), including debt and other closing adjustments.
It added that it had obtained cash proceeds of some USD240m after repaying TGGT's credit agreement.
Oil and natural gas company EXCO Resources Inc (NYSE:XCO) reported on Thursday the launch of an agreement to transfer 100% of the equity interest in TGGT Holdings LLC for an aggregate sales price of approximately USD910m.
Under an agreement, EXCO Resources Inc's wholly-owned subsidiary, EXCO Operating Company LP (EOC) and an affiliate of BG Group plc will transfer 100% of the equity interest in TGGT Holdings LLC to Azure Midstream Holdings LLC.
BG Group's exit from TGGT is in line with a key strategy to actively manage its portfolio as it focuses on core liquefied natural gas (LNG) exploration and production operations, the vendor explained.
Most recently, Fox served as president of TGGT Holdings, a joint venture between BG Group plc and EXCO Resources, from the period from 2009 to December 2011.
Oil and natural gas company EXCO Resources Inc (NYSE:XCO) has agreed a 45-day exclusivity period with an unaffiliated private infrastructure fund to negotiate the sale of a one-third equity interest in TGGT Holdings LLC, the company revealed today.
Further it stated that a 50% indirect joint venture subsidiary of EXCO, TGGT Holdings LLC signed a credit agreement as a co-lender with commercial banks and BG Group and paid a cash dividend of USD250m of which USD125m went to EXCO, on 31 January 2011.