April 20, 2015 – Oil & Gas 360

IET: Biocide Virtually Eliminates Hydrogen Sulfide and Bacteria from Wells

April 20, 2015

Improving Safety at Well Sites At this week’s Independent Petroleum Association of America (IPAA) meeting, Integrated Environmental Technologies (ticker: IEVM) gave a presentation about its Excelyte™ biocide, which the company says can be used to virtually eliminate hydrogen sulfide (H2S) and bacteria from the oil and gas wells where it is used. Saving Producers $350-$800 per Well per Month IET

Mid-Con Energy Partners Announces Distribution

April 20, 2015

Mid-Con Energy Partners, LP Announces Quarterly Cash Distribution and Schedules First Quarter 2015 Earnings Release and Conference Call Mid-Con Energy Partners, LP (MCEP) (“Mid-Con Energy” or the “Partnership”) announces that the Board of Directors of its General Partner has approved a cash distribution for the quarter ended March 31, 2015, of $0.125 per unit, or $0.50 per unit on an

Enable Midstream Announces Completion of Gathering System

April 20, 2015

Enable Midstream Announces Completion of Bakken Crude Oil Gathering System Enable Midstream Partners, LP (ENBL) announced today that its first crude oil and produced water gathering system in North Dakota is fully operational. The Bear Den Crude & Produced Water Gathering System began construction in August 2013 with the initial segments of the system starting service in November 2013. It

Calumet Specialty Product Partners Declares Quarterly Distribution

April 20, 2015

Calumet Specialty Products Partners, L.P. Declares Quarterly Distribution On Limited Partner Units; Schedules First Quarter 2015 Results Conference Call Calumet Specialty Products Partners, L.P. (CLMT) (“Calumet” or the “Partnership”) a leading independent producer of specialty hydrocarbon and fuels products, today declared a quarterly cash distribution of $0.685 per unit, or $2.74 per unit on an annualized basis, for the quarter

Williams Partners Announces Distribution

April 20, 2015

Williams Partners Announces Cash Distribution Williams Partners L.P. (WPZ) today announced a regular quarterly cash distribution of $0.85 per unit for its common unitholders. The board of directors of the partnership’s general partner has approved the quarterly cash distribution, which is payable on May 14, 2015, to common unitholders of record at the close of business on May 7. The

Bank of America Names Mylchreest Global Energy Head After Coben Departs

April 20, 2015

Story by Bloomberg Bank of America Corp. named Julian Mylchreest as the sole head of its global power and energy banking business, days after he advised Royal Dutch Shell Plc on its $70 billion acquisition of BG Group Plc. Mylchreest is taking the post after Laurie Coben, previously the co-head, decided to leave the firm after 21 years, according to

ExxonMobil President Calls for Urgent Action on U.S. Liquefied Natural Gas (LNG) Exports

April 20, 2015

ExxonMobil Press Release The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today. “If policymakers don’t revisit and redress some significant legal and

Britain orders sale of Russian billionaire Fridman’s North Sea fields

April 20, 2015

Story by Reuters Britain ordered Russian billionaire Mikhail Fridman to sell his North Sea gas fields within six months, an intervention that ratchets up the pressure on one of Russia’s most influential tycoons two weeks before a UK election. Upping the ante in a standoff that some Russian businessmen say shows their capital is no longer welcome in the West,

U.S. Coal Distribution Lower in 2013, Operators Aim for Plant Efficiency

April 20, 2015

U.S. coal production down 2.7% in 2013 Total coal distributions in the United States for 2013 were 976.0 million short tons (mmst), according to the Energy Information Administration’s (EIA) Annual Coal Distribution Report. Total coal distribution fell by 2.7% compared with 2012, reports the EIA. Domestic distributions were 858.3 mmst while foreign distributions were 117.7 mmst. Domestic distributions were down

Exterran Partners Acquires Compression Asset

April 20, 2015

Exterran Partners Acquires Compression Assets from Exterran Holdings Exterran Holdings, Inc. (EXH) and Exterran Partners, L.P. (EXLP) today announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3 million, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower

Legacy Reserves Announces Distributions, Provides Update

April 20, 2015

Legacy Reserves LP Announces Cash Distributions, Provides Update to Select Operating & Financial Information Legacy Reserves LP (“Legacy”) (LGCY) today announced: Cash distributions of $0.166667 per unit for the 8% Series A (LGCYP) and 8% Series B (LGCYO) Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units payable on May 15, 2015 to the respective holders of record on May 1, 2015

MPLX LP Increases Quarterly Distribution

April 20, 2015

MPLX LP Increases Quarterly Distribution MPLX LP (MPLX) today announced a cash distribution of $0.41 per common unit for the first quarter of 2015. This represents an increase of $0.0825 per unit, or 25.2 percent, over the first-quarter 2014 distribution and an increase of $0.0275 per unit, or 7.2 percent, over the fourth-quarter 2014 distribution. Since the partnership`s initial public

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