MLPs
Sanchez Considers Sale of Mid-Continent Assets
Sanchez Production Partners Engages Lantana Energy Advisors for the Possible Sale of Mid-Continent Assets
HOUSTON–(BUSINESS WIRE)–
Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with the possible divestiture of …
Enterprise General Partners Buys $100 Million of Enterprise Common Units
Affiliate of Enterprise’s General Partner Purchases $100 Million of Enterprise Common Units
HOUSTON–(BUSINESS WIRE)–
Enterprise Products Partners L.P. (“Enterprise” NYSE: EPD) announced today that an affiliate of its general partner, which is owned by privately held Enterprise Products Company (“EPCO”), …
Sprague Resources Announces Q4 Results
Sprague Resources LP Reports Fourth Quarter And Full Year 2014 Results
PORTSMOUTH, N.H., March 13, 2015 /PRNewswire/ — Sprague Resources LP (“Sprague”) (SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, …
Enbridge Announces Closing of Common Unit Letter Offerings
Enbridge Energy Partners, L.P. Announces Closing of Common Unit Offering
HOUSTON, TX–(Marketwired – Mar 13, 2015) – Enbridge Energy Partners, L.P. (NYSE: EEP) (the “Partnership”) announced the closing of its previously announced public offering of 8 million of its Class …
Williams Partners Announces Redemption of Senior Notes
Williams Partners Announces Redemption of 5.875% Senior Notes due 2021
TULSA, Okla.–(BUSINESS WIRE)–
Williams Partners L.P. (WPZ) and ACMP Finance Corp. (collectively, the “Issuers”) announced today that they have issued a notice of redemption (the “Notice of Redemption”) …
TransMontaigne Partners Announces Q4 and FY 2014 Results
TransMontaigne Partners L.P. Announces Financial Results for the Three Months and the Year Ended December 31, 2014 and the Filing of Its Annual Report on Form 10-K
DENVER–(BUSINESS WIRE)–
TransMontaigne Partners L.P. (TLP) today announced its financial results …
Targa Resources Prices Public Offering
Targa Resources Corp. Prices Public Offering of Common Stock
HOUSTON, March 12, 2015 (GLOBE NEWSWIRE) — Targa Resources Corp. (the “Company”) (TRGP) announced today that it has priced an underwritten public offering of 3,250,000 shares of its common …
IRS Lifts Pause On Private Letter Rulings for MLPs
The IRS lifted the pause on issuing private letter rulings allowing companies to form MLPs with their assets
The Internal Revenue Service lifted its ‘pause’ on private letter rulings (PLRs) regarding what businesses qualify for tax-free inclusion in energy master …
Southcross Energy Partners Growth for Distributions, Drop Downs on Schedule
Southcross Energy announces Q4 and full-year 2014 results
On March 6, Southcross Energy Partners (ticker: SXE) announced fourth quarter and full-year 2014 financial and operational results. SXE’s adjusted EBITDA was $20.6 million for the three months ended December 31, 2014, …
What Will Happen to the U.S. Midstream Industry?
U.S. will be “NGL Storage Center for the World”
New technology in the drilling and completions segment may receive the lion’s share of the credit for the shale boom, but the evolution of the midstream industry has enabled the United …
Mid-Con Energy Partners Shows Continued Growth
Reports Quarter-Over-Quarter Production Growth of nearly 30% in Q4’14
Mid-Con Energy Partners (ticker: MCEP), a U.S. E&P master limited partnership (MLP), announced its fourth quarter and full-year 2014 results this week. According to the release, production for fourth quarter 2014 …
Western Gas Partners Acquires Anadarko’s Interest in Delaware Basin JV
Western Gas Partners Expands Delaware Basin Position
Houston based Western Gas Partners (ticker: WES) yesterday announced the acquisition of Anadarko’s (ticker: APC) 50% interest in the Delaware Basin JV (DBJV) gathering system. Williams Companies (ticker: WMB) owns the other 50% …
Independent Refiners: Calumet Specialty Products Partners Reports Q4
Calumet Specialty Products Partners (ticker: CLMT) last week released its fourth quarter 2014 results. The independent refiner reported a net loss for the quarter ended December 31, 2014 of $63.5 million, or $(0.95) per diluted unit, compared to a …
Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets
Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy …
MarkWest Increases Distribution
MarkWest plans on increasing distribution thru 2020
During the company’s conference call today, Frank Semple, Chairman, President and Chief Executive Officer of MarkWest Energy Partners (ticker: MWE) announced that MWE expects to increase its distribution to approximately $3.70 for this …
Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu
Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe
A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will …
Columbia Pipeline Partners Kicks off Oil & Gas IPOs in 2015
Columbia Pipeline Partners (ticker: CPPL) began trading on the New York Stock Exchange today following its spin-off from NiSource Partners (ticker: NI). Under terms of the spin-off, CPPL is transferred NI’s pipeline and storage assets, while NI retains ownership of …
Energy Transfer Partners to Become Second-Largest MLP in $18 Billion Acquisition
Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP) announced plans for a definitive merger in a joint press release issued on January 26, 2015. The proposal consists of a unit-for-unit transaction with an implied value of approximately …
Kinder Morgan Lands Bakken Position with $3 Billion Purchase
Richard Kinder to Step Down from CEO Position
Kinder Morgan (ticker: KMI) may have the longest gas pipeline network in North America, but the continent’s third largest energy company (based on enterprise value), surprisingly, did not have a stake in …
LINN Energy Taking New Measures to Adapt to Commodity Swing
MLP Pioneer Cuts Dividend and Capex by more than 50%
LINN Energy LLC (ticker: LINE), a top-15 independent oil and natural gas development company, has announced reductions of more than 50% in both capital expenditures and dividends in 2015. LINN …
Upstream MLPs Getting the Worst of Commodity Downturn
Down more than 50% Year to Date
Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further …
Rice Midstream Partners Braves Difficult Commodity Market with IPO
Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the …
What are Energy Companies Thinking as they Head into 2015?
Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies
At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …
Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360
Capital One Securities is extending its research coverage to the MLP/Energy – Midstream sector, the firm announced in a December 4, 2014 note. Coverage was initiated on ten companies in the MLP / Energy-Midstream sphere, with six receiving an “Outperform” …
Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners
Enterprise Products Partners (ticker: EPD), the largest Limited Partnership listed on EnerCom’s MLP Scorecard, has announced Phase Two of the acquisition of Oiltanking Partners (ticker: OILT) in a unit-for-unit merger agreement. Per the agreement, OILT shareholders will receive a …
Kinder Morgan Judge Refuses to Block $44 Billion Buyout
Story by Bloomberg
Investors in a partnership controlled by billionaire Richard Kinder can’t block a $44 billion consolidation of Kinder’s oil-pipeline empire over a voting-rights dispute, a judge said.
Kinder Morgan Energy Partners LP (KMP) unitholders’ rights aren’t being unfairly …
Plains All American, Enterprise Products to Expand Eagle Ford Takeaway, Build New Export Facility
Joint venture will double mainline capacity to 600,000 BOPD and add new deepwater marine terminal.
Plains All American Pipeline, L.P. (ticker: PAA) and Enterprise Products Partners L.P. (ticker: EPD) will construct a new condensate gathering system into their Three Rivers …
ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects
TULSA, Okla., Oct. 30, 2014 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS)
Enterprise Reports Results for Third Quarter 2014
Enterprise Products Partners L.P. (“Enterprise”) (EPD) today announced its financial results for the three and nine months ended September 30, 2014. In August 2014, Enterprise completed a two-for-one split of its common units. All earnings per unit and …